Loop Capital Raises Pool (NASDAQ:POOL) Price Target to $395.00

Pool (NASDAQ:POOL) had its target price boosted by stock analysts at Loop Capital from $345.00 to $395.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s target price points to a potential upside of 7.92% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group lifted their target price on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company raised their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Stifel Nicolaus increased their target price on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Finally, Robert W. Baird lifted their target price on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $367.89.

Pool Price Performance

NASDAQ:POOL opened at $366.00 on Friday. Pool has a 52 week low of $293.51 and a 52 week high of $422.73. The stock’s fifty day moving average is $359.72 and its two-hundred day moving average is $353.07. The company has a market capitalization of $14.00 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.57 and a beta of 1.01. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. Pool’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 EPS. Equities analysts expect that Pool will post 10.98 EPS for the current year.

Institutional Trading of Pool

A number of large investors have recently made changes to their positions in the company. Nordea Investment Management AB increased its position in shares of Pool by 154.0% in the 1st quarter. Nordea Investment Management AB now owns 124,784 shares of the specialty retailer’s stock valued at $50,856,000 after purchasing an additional 75,655 shares during the last quarter. TD Asset Management Inc increased its holdings in Pool by 67.4% in the first quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock valued at $123,651,000 after buying an additional 123,387 shares during the last quarter. M&G Plc acquired a new stake in Pool in the first quarter valued at $4,436,000. Park Place Capital Corp lifted its holdings in Pool by 173.8% during the 1st quarter. Park Place Capital Corp now owns 824 shares of the specialty retailer’s stock worth $332,000 after buying an additional 523 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of Pool by 16.1% during the 2nd quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock worth $4,109,000 after acquiring an additional 1,858 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other 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.