Wells Fargo & Company Cuts Pool (NASDAQ:POOL) Price Target to $360.00

Pool (NASDAQ:POOL) had its price objective decreased by Wells Fargo & Company from $370.00 to $360.00 in a research note published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the specialty retailer’s stock.

Several other research firms have also recently commented on POOL. Oppenheimer lifted their target price on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Loop Capital lifted their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Stifel Nicolaus lifted their target price on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Robert W. Baird lifted 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 analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $368.00.

Pool Trading Down 0.4 %

Shares of POOL opened at $338.01 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The firm has a 50 day simple moving average of $351.74 and a 200-day simple moving average of $356.96. Pool has a 1-year low of $293.51 and a 1-year high of $422.73. The stock has a market cap of $12.86 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03.

Hedge Funds Weigh In On Pool

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in shares of Pool by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after acquiring an additional 232,914 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Pool by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer’s stock valued at $362,196,000 after acquiring an additional 6,232 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Pool by 0.6% during the 3rd quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer’s stock valued at $213,020,000 after acquiring an additional 3,428 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Pool by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 419,919 shares of the specialty retailer’s stock valued at $143,167,000 after acquiring an additional 3,575 shares in the last quarter. Finally, Berkshire Hathaway Inc acquired a new position in shares of Pool during the 3rd quarter valued at $152,249,000. Institutional investors and hedge funds 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.