Pool (NASDAQ:POOL) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Pool (NASDAQ:POOL) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage set a “hold” rating and a $344.00 price target on the specialty retailer’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 5.63% from the stock’s previous close.

A number of other analysts also recently weighed in on POOL. Wells Fargo & Company decreased their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $365.33.

Pool Stock Performance

Shares of POOL stock opened at $325.66 on Tuesday. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 2.03 and a beta of 1.13. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The business’s 50-day moving average price is $338.44 and its 200-day moving average price is $352.95. Pool has a 12 month low of $293.51 and a 12 month high of $402.45.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. Pool had a net margin of 8.18% and a return on equity of 31.11%. The business had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. Equities research analysts forecast that Pool will post 11.32 EPS for the current year.

Insider Activity

In other Pool news, SVP Jennifer M. Neil sold 1,223 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $315.00, for a total value of $385,245.00. Following the completion of the sale, the senior vice president now directly owns 9,667 shares in the company, valued at approximately $3,045,105. This trade represents a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the transaction, the director now owns 62,577 shares in the company, valued at $21,651,642. This represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Institutional Trading of Pool

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Second Line Capital LLC boosted its holdings in Pool by 4.1% in the fourth quarter. Second Line Capital LLC now owns 888 shares of the specialty retailer’s stock worth $303,000 after acquiring an additional 35 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Pool by 0.5% during the fourth quarter. Tidal Investments LLC now owns 6,696 shares of the specialty retailer’s stock valued at $2,283,000 after acquiring an additional 35 shares in the last quarter. Waterloo Capital L.P. raised its position in shares of Pool by 7.1% during the fourth quarter. Waterloo Capital L.P. now owns 635 shares of the specialty retailer’s stock worth $216,000 after purchasing an additional 42 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Pool by 4.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock worth $383,000 after purchasing an additional 43 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC grew its position in Pool by 10.1% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock valued at $197,000 after purchasing an additional 53 shares during the period. 98.99% of the stock is 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.