Pool (NASDAQ:POOL) Price Target Raised to $340.00 at Stifel Nicolaus

Pool (NASDAQ:POOL) had its price objective boosted by Stifel Nicolaus from $335.00 to $340.00 in a research note released on Monday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the specialty retailer’s stock.

POOL has been the subject of a number of other reports. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Oppenheimer increased their price objective on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday. Wells Fargo & Company increased their price objective on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. The Goldman Sachs Group raised their target price on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Loop Capital raised their target price on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $369.11.

Pool Stock Down 0.8 %

POOL opened at $361.64 on Monday. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. Pool has a 1-year low of $293.51 and a 1-year high of $422.73. The company has a market capitalization of $13.84 billion, a PE ratio of 31.12, a PEG ratio of 2.68 and a beta of 1.01. The firm’s 50 day simple moving average is $360.80 and its two-hundred day simple moving average is $352.76.

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 analysts’ consensus estimates of $3.15 by $0.11. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.50 earnings per share. As a group, equities analysts forecast that Pool will post 11.02 EPS for the current year.

Hedge Funds Weigh In On Pool

Institutional investors have recently bought and sold shares of the business. Tortoise Investment Management LLC lifted its position in Pool by 68.9% during the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Crewe Advisors LLC lifted its position in Pool by 232.4% during the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 79 shares during the last quarter. UMB Bank n.a. lifted its position in Pool by 26.2% during the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 43 shares during the last quarter. Ridgewood Investments LLC bought a new stake in shares of Pool in the 2nd quarter worth about $74,000. Finally, Summit Securities Group LLC bought a new stake in shares of Pool in the 2nd quarter worth about $75,000. 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.