StockNews.com Upgrades Pool (NASDAQ:POOL) to ‘Hold’

Pool (NASDAQ:POOL – Get a Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts also recently weighed in on POOL. Stephens reduced their price objective on shares of Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, June 25th. Oppenheimer upped their target price on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Robert W. Baird boosted their price objective on Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Loop Capital cut their price target on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday, June 25th. Finally, Goldman Sachs Group lifted their price target on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $354.44, based on data from MarketBeat.com.

Check out our latest review on POOL

Pool trading up 0.2%

NASDAQ POOL opened at $365.74 on Tuesday. Pool has a 1 year low of $293.51 and a 1 year high of $422.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48, and a quick ratio of 0.88. The company has a market cap of $14.02 billion, a PE ratio of 28.62, a P/E/G ratio of 2.73 and a beta of 1.01. The company has a fifty day moving average of $356.21 and a 200 day moving average of $356.07.

Pool (NASDAQ:POOL – Get Your Free Report ) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. The pool had a return on equity of 32.85% and a net margin of 8.58%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.74 billion. In the same quarter last year, the company earned $5.89 per share. The company’s revenue was down 4.7% compared to the same quarter last year. research analysts forecast that Pool will post 10.99 earnings per share for the current year.

Institutional inputs and outputs

A number of institutional investors have recently bought and sold shares of the company. Tortoise Investment Management LLC boosted its position in shares of Pool by 68.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 42 shares shares in the last quarter. Crewe Advisors LLC boosted its holdings in Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 79 shares during the last quarter. UMB Bank na raised its stake in shares of Pool by 221.6% during the first quarter. UMB Bank now owns 164 shares of the specialty retailer’s stock worth $66,000 after purchasing an additional 113 shares during the period. Ridgewood Investments LLC purchased a new stake in shares of Pool during the second quarter valued at about $74,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Pool during the second quarter valued at about $75,000. 98.99% of shares are held by hedge funds and other institutional investors.

Pool Company Profile

(Get a free report)

Pool Corporation distributes pool supplies, equipment and related recreational products throughout the United States and internationally. The company offers maintenance products including pool chemicals, supplies and accessories; Repairs and replacements for pool equipment such as cleaners, filters, heaters, pumps and lights; and construction materials such as concrete, plumbing and electrical components, functional and decorative pool surfaces, covering materials, tiles, hardscapes and natural stones for pool installation and remodeling.

Further reading

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