Pool (NASDAQ:POOL) PT Raised to $340.00

Pool (NASDAQ:POOL) had its price objective boosted by analysts at Stifel Nicolaus from $335.00 to $340.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Stifel Nicolaus’ price target indicates a potential downside of 8.23% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. The Goldman Sachs Group upped their target price on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Oppenheimer raised their price target on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday. Loop Capital boosted their price objective on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday. Wells Fargo & Company raised their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Finally, StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $369.11.

Pool Price Performance

NASDAQ POOL traded up $4.49 on Monday, hitting $370.49. 13,017 shares of the company’s stock were exchanged, compared to its average volume of 347,252. The stock has a 50-day moving average of $359.72 and a 200-day moving average of $352.87. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 2.57 and a beta of 1.01. Pool has a 52 week low of $293.51 and a 52 week 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 posted its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.50 earnings per share. Analysts expect that Pool will post 10.98 earnings per share for the current year.

Institutional Trading of Pool

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Diversify Wealth Management LLC boosted its position in shares of Pool by 4.6% during the third quarter. Diversify Wealth Management LLC now owns 4,791 shares of the specialty retailer’s stock valued at $1,680,000 after buying an additional 211 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in Pool by 17.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,116 shares of the specialty retailer’s stock worth $420,000 after purchasing an additional 162 shares during the period. Trajan Wealth LLC bought a new position in Pool in the 3rd quarter worth about $205,000. abrdn plc boosted its holdings in shares of Pool by 21.0% in the 3rd quarter. abrdn plc now owns 18,748 shares of the specialty retailer’s stock worth $7,083,000 after purchasing an additional 3,256 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Pool by 6.0% in the third quarter. State of Alaska Department of Revenue now owns 4,447 shares of the specialty retailer’s stock worth $1,675,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

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.