Pool (NASDAQ:POOL) PT Raised to $386.00

Pool (NASDAQ:POOL) had its target price lifted by stock analysts at Oppenheimer from $380.00 to $386.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Oppenheimer’s price target would indicate a potential upside of 6.52% from the company’s previous close.

A number of other brokerages have also recently issued reports on POOL. Loop Capital raised their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Wells Fargo & Company raised their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. The Goldman Sachs Group raised their target price on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus upped their price target on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pool presently has a consensus rating of “Hold” and a consensus price target of $369.11.

Pool Trading Down 2.0 %

Shares of NASDAQ POOL opened at $362.36 on Monday. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average price is $360.21 and its two-hundred day moving average price is $352.80. Pool has a 52-week low of $293.51 and a 52-week high of $422.73. The stock has a market capitalization of $13.86 billion, a P/E ratio of 31.36, a PEG ratio of 2.68 and a beta of 1.01.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business posted $3.50 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts anticipate that Pool will post 11.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Swedbank AB purchased a new stake in shares of Pool during the first quarter valued at $96,528,000. International Assets Investment Management LLC increased its position in shares of Pool by 37,863.6% in the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after acquiring an additional 137,445 shares in the last quarter. TD Asset Management Inc increased its position in shares of Pool by 67.4% in the first quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock worth $123,651,000 after acquiring an additional 123,387 shares in the last quarter. Caledonia Investments PLC acquired a new stake in shares of Pool during the second quarter valued at approximately $37,390,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Pool by 26.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after acquiring an additional 90,951 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.