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

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

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus increased their price objective on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Wells Fargo & Company boosted their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Oppenheimer lifted their target price on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Loop Capital raised their price objective on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Robert W. Baird increased their target price 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $369.25.

Pool Trading Up 0.5 %

Shares of POOL stock opened at $326.40 on Friday. The stock has a market capitalization of $12.42 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 2.20 and a beta of 1.03. Pool has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The company has a 50 day moving average price of $359.22 and a 200 day moving average price of $352.38.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. Pool’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business posted $3.50 earnings per share. Equities research analysts predict that Pool will post 11.02 EPS for the current fiscal year.

Institutional Trading of Pool

Several large investors have recently modified their holdings of POOL. International Assets Investment Management LLC boosted its stake in shares of Pool by 37,863.6% during the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after acquiring an additional 137,445 shares during the last quarter. Toronto Dominion Bank boosted its position in Pool by 16.1% during the second quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock worth $4,109,000 after acquiring an additional 1,858 shares during the last quarter. Versor Investments LP purchased a new position in shares of Pool during the 3rd quarter worth $720,000. Parnassus Investments LLC boosted its holdings in shares of Pool by 3.5% during the third quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock worth $77,142,000 after purchasing an additional 6,987 shares during the last quarter. Finally, Sumitomo Life Insurance Co. grew its position in shares of Pool by 1.7% in the third quarter. Sumitomo Life Insurance Co. now owns 5,121 shares of the specialty retailer’s stock valued at $1,930,000 after purchasing an additional 85 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.