Pool (NASDAQ:POOL) Rating Lowered to “Sell” at StockNews.com

Pool (NASDAQ:POOL) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Other research analysts also recently issued research 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 increased their price target on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Robert W. Baird lifted their price objective on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Oppenheimer upped their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Loop Capital raised their target price on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and a consensus price target of $369.25.

Pool Stock Up 0.2 %

POOL stock opened at $350.26 on Friday. The business has a 50 day moving average of $355.49 and a 200 day moving average of $354.58. The firm has a market cap of $13.33 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.83 and a beta of 1.03. Pool has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company earned $3.50 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, research analysts forecast that Pool will post 11.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Pool

Large investors have recently modified their holdings of the stock. Brooklyn Investment Group purchased a new position in shares of Pool during the third quarter worth approximately $31,000. Wilmington Savings Fund Society FSB purchased a new position in Pool during the 3rd quarter worth $60,000. Whittier Trust Co. of Nevada Inc. raised its position in Pool by 101.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 164 shares in the last quarter. Hilltop National Bank grew its position in shares of Pool by 18.1% during the 4th quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after buying an additional 63 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Pool by 24.8% during the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock valued at $151,000 after buying an additional 80 shares during the period. Institutional investors 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.