Pool (NASDAQ:POOL) PT Raised to $370.00

Pool (NASDAQ:POOL) had its price objective lifted by research analysts at Wells Fargo & Company from $330.00 to $370.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 1.39% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. Loop Capital dropped their price objective on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday, June 25th. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Stephens lowered their target price on Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. Robert W. Baird increased their target price on Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Finally, Oppenheimer increased their target price on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $354.44.

Pool Stock Performance

Shares of POOL stock opened at $364.94 on Monday. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 2.73 and a beta of 1.01. The stock has a 50 day simple moving average of $356.38 and a 200-day simple moving average of $356.00. Pool has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $5.89 EPS. On average, equities analysts forecast that Pool will post 10.99 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC raised 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 valued at $32,000 after purchasing an additional 42 shares during the period. Crewe Advisors LLC raised its position in Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 79 shares during the period. UMB Bank n.a. increased its position in shares of Pool by 221.6% during the first quarter. UMB Bank n.a. now owns 164 shares of the specialty retailer’s stock worth $66,000 after acquiring an additional 113 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Pool during the second quarter worth about $74,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Pool during the second quarter worth about $75,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

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.