Deutsche Bank Aktiengesellschaft Initiates Coverage on Pool (NASDAQ:POOL)

Equities researchers at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Pool (NASDAQ:POOL) in a research note issued on Tuesday, Marketbeat Ratings reports. The firm set a “hold” rating and a $344.00 price target on the specialty retailer’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 5.63% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Wells Fargo & Company reduced their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $365.33.

Pool Stock Up 2.4 %

NASDAQ:POOL opened at $325.66 on Tuesday. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. Pool has a twelve month low of $293.51 and a twelve month high of $402.45. The stock’s 50 day moving average price is $338.44 and its two-hundred day moving average price is $352.95.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Pool

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Second Line Capital LLC raised its holdings in shares of Pool by 4.1% during the 4th quarter. Second Line Capital LLC now owns 888 shares of the specialty retailer’s stock worth $303,000 after buying an additional 35 shares in the last quarter. Tidal Investments LLC raised its stake in Pool by 0.5% during the fourth quarter. Tidal Investments LLC now owns 6,696 shares of the specialty retailer’s stock worth $2,283,000 after acquiring an additional 35 shares in the last quarter. Waterloo Capital L.P. lifted its holdings in shares of Pool by 7.1% in the fourth quarter. Waterloo Capital L.P. now owns 635 shares of the specialty retailer’s stock worth $216,000 after acquiring an additional 42 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Pool by 4.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock valued at $383,000 after purchasing an additional 43 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC increased its position in Pool by 10.1% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 53 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

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.