Pool (NASDAQ:POOL) Upgraded at StockNews.com

StockNews.com upgraded shares of Pool (NASDAQ:POOL) from a sell rating to a hold rating in a research note published on Friday morning.

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

Pool Stock Down 1.3 %

Shares of POOL stock opened at $344.25 on Friday. 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 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The business’s fifty day moving average is $354.33 and its 200-day moving average is $356.96. The stock has a market cap of $13.10 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03.

Hedge Funds Weigh In On Pool

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