Wells Fargo & Company Lowers Pool (NASDAQ:POOL) Price Target to $315.00

Pool (NASDAQ:POOL) had its price objective decreased by equities researchers at Wells Fargo & Company from $360.00 to $315.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 2.62% from the stock’s previous close.

Several other brokerages have also commented on POOL. Deutsche Bank Aktiengesellschaft assumed coverage on Pool in a report on Tuesday, April 1st. They issued a “hold” rating and a $344.00 price objective for the company. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $360.33.

Pool Trading Down 1.5 %

Shares of NASDAQ POOL opened at $306.96 on Monday. Pool has a 52-week low of $284.28 and a 52-week high of $395.60. The company has a market cap of $11.58 billion, a PE ratio of 27.21, a P/E/G ratio of 2.03 and a beta of 1.13. The firm’s 50 day moving average price is $330.23 and its 200-day moving average price is $348.64. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. On average, equities research analysts expect that Pool will post 11.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Jennifer M. Neil sold 1,223 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $315.00, for a total value of $385,245.00. Following the sale, the senior vice president now owns 9,667 shares of the company’s stock, valued at approximately $3,045,105. This represents a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the transaction, the director now directly owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Pool

Several institutional investors have recently added to or reduced their stakes in POOL. Rakuten Securities Inc. lifted its stake in shares of Pool by 2,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 69 shares during the last quarter. Whipplewood Advisors LLC lifted its holdings in Pool by 471.4% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 66 shares in the last quarter. City Holding Co. purchased a new stake in Pool in the 1st quarter valued at about $26,000. Atala Financial Inc purchased a new position in shares of Pool during the fourth quarter worth approximately $29,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Pool in the fourth quarter valued at approximately $30,000. 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.