Pool (NASDAQ:POOL) Downgraded to “Sell” Rating by StockNews.com

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

Other analysts have also recently issued reports about the company. Loop Capital boosted their price target on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Stifel Nicolaus increased their price objective on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Oppenheimer boosted their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Robert W. Baird upped their target price on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $369.25.

Pool Price Performance

POOL opened at $350.26 on Friday. Pool has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a market cap of $13.33 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 1.83 and a beta of 1.03. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $355.98 and a two-hundred day simple moving average of $353.86.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the business earned $3.50 EPS. Pool’s quarterly revenue was down 2.8% compared to the same quarter last year. Research analysts predict that Pool will post 11.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pool

Institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group bought a new stake in shares of Pool during the 3rd quarter valued at $31,000. Wilmington Savings Fund Society FSB purchased a new stake in Pool in the third quarter worth about $60,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Pool by 101.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 164 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Pool by 24.8% in the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock valued at $151,000 after acquiring an additional 80 shares in the last quarter. Finally, Hilltop National Bank boosted its stake in Pool by 18.1% in the 4th quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 63 shares during the period. 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.