Pool (NASDAQ:POOL) Stock Rating Upgraded by StockNews.com

Pool (NASDAQ:POOL) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

POOL has been the topic of a number of other research reports. Loop Capital boosted their target price on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Stifel Nicolaus boosted their target price on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a report on Monday, October 28th. Robert W. Baird upped their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their target price on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, The Goldman Sachs Group upped their price target on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Pool presently has a consensus rating of “Hold” and an average price target of $369.11.

Pool Stock Up 0.4 %

Shares of Pool stock opened at $363.06 on Friday. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $361.17 and its two-hundred day simple moving average is $352.55. The company has a market cap of $13.82 billion, a P/E ratio of 31.24, a PEG ratio of 2.19 and a beta of 1.01. Pool has a 12-month low of $293.51 and a 12-month high of $422.73.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the business posted $3.50 EPS. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Research analysts anticipate that Pool will post 11.01 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tortoise Investment Management LLC lifted its position in Pool by 68.9% in the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after buying an additional 42 shares during the last quarter. Crewe Advisors LLC increased its stake in Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares during the period. UMB Bank n.a. increased its stake in Pool by 26.2% in the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after purchasing an additional 43 shares during the period. Ridgewood Investments LLC purchased a new position in shares of Pool during the second quarter valued at $74,000. Finally, Summit Securities Group LLC purchased a new position in shares of Pool during the second quarter valued at $75,000. 98.99% of the stock is currently owned by institutional investors.

Pool Company Profile

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.