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

StockNews.com upgraded shares of Pool (NASDAQ:POOL) from a sell rating to a hold rating in a research note published on Thursday.

Several other equities analysts have also recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Pool from $335.00 to $340.00 and gave the company a “hold” 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 company a “hold” rating in a report on Friday, October 25th. Oppenheimer increased their price target on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company lowered their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $368.00.

Pool Price Performance

Shares of POOL opened at $344.32 on Thursday. The company has a market capitalization of $13.10 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 1.93 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 firm has a 50-day simple moving average of $343.85 and a 200-day simple moving average of $355.66. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Pool had a return on equity of 31.89% and a net margin of 8.42%. On average, equities research analysts anticipate that Pool will post 11.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. boosted its position in shares of Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock worth $25,000 after buying an additional 69 shares in the last quarter. Atala Financial Inc purchased a new position in Pool during the fourth quarter worth about $29,000. Sierra Ocean LLC acquired a new stake in shares of Pool in the fourth quarter worth approximately $30,000. Brooklyn Investment Group acquired a new position in shares of Pool in the 3rd quarter valued at $31,000. Finally, FWL Investment Management LLC acquired a new position in Pool in the fourth quarter valued at $39,000. 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.