Pool (NASDAQ:POOL) Stock Rating Upgraded by StockNews.com

Pool (NASDAQ:POOL) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other equities research analysts have also recently issued reports on POOL. Oppenheimer upped their target price on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Loop Capital upped their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Robert W. Baird increased their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus lifted their price objective on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Pool presently has an average rating of “Hold” and a consensus price target of $369.25.

Pool Stock Up 0.5 %

POOL stock opened at $326.40 on Friday. The company has a market cap of $12.42 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 2.20 and a beta of 1.03. Pool has a twelve month low of $293.51 and a twelve month high of $422.73. The business has a 50 day moving average price of $358.49 and a two-hundred day moving average price of $352.59. 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 released its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating 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 last year, the business earned $3.50 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis. Analysts anticipate that Pool will post 11.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Pool

A number of large investors have recently added to or reduced their stakes in the stock. Berkshire Hathaway Inc bought a new position in Pool in the 3rd quarter valued at about $152,249,000. JPMorgan Chase & Co. boosted its position in shares of Pool by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after acquiring an additional 232,914 shares in the last quarter. International Assets Investment Management LLC increased its stake in Pool by 37,863.6% in the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after acquiring an additional 137,445 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Pool during the third quarter valued at approximately $40,750,000. Finally, Lord Abbett & CO. LLC lifted its stake in Pool by 44.3% during the third quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock worth $81,981,000 after purchasing an additional 66,791 shares during the last quarter. Institutional investors and hedge funds 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.