Pool (NASDAQ:POOL) Price Target Raised to $395.00

Pool (NASDAQ:POOL) had its price target upped by Loop Capital from $345.00 to $395.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

POOL has been the topic of a number of other research reports. Stifel Nicolaus boosted their price target on Pool from $310.00 to $335.00 and gave the company a “hold” rating in a report on Friday, August 30th. The Goldman Sachs Group raised their price target on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company boosted their price objective on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Oppenheimer increased their price target on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $369.11.

Pool Price Performance

Shares of Pool stock opened at $369.89 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. Pool has a one year low of $293.51 and a one year high of $422.73. The business’s 50 day simple moving average is $359.72 and its two-hundred day simple moving average is $352.87. The stock has a market capitalization of $14.15 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of 2.68 and a beta of 1.01.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping the consensus estimate of $3.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 earnings per share. Analysts forecast that Pool will post 11.02 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in POOL. Conestoga Capital Advisors LLC increased its holdings in shares of Pool by 0.9% during the third quarter. Conestoga Capital Advisors LLC now owns 94,698 shares of the specialty retailer’s stock valued at $35,682,000 after acquiring an additional 853 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in Pool by 2.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 117,088 shares of the specialty retailer’s stock valued at $44,119,000 after purchasing an additional 2,827 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in Pool by 4.6% in the third quarter. Diversify Wealth Management LLC now owns 4,791 shares of the specialty retailer’s stock worth $1,680,000 after buying an additional 211 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of Pool by 17.0% in the third quarter. First Trust Direct Indexing L.P. now owns 1,116 shares of the specialty retailer’s stock worth $420,000 after buying an additional 162 shares in the last quarter. Finally, Trajan Wealth LLC purchased a new stake in shares of Pool during the third quarter valued at approximately $205,000. 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.