Pool (NASDAQ:POOL) Upgraded to Hold at StockNews.com

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

Several other equities analysts have also issued reports on POOL. Loop Capital boosted their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Stifel Nicolaus increased their price objective on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Oppenheimer boosted their price objective on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company reduced their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $368.00.

Pool Trading Up 1.0 %

Shares of POOL stock traded up $3.45 on Thursday, reaching $344.32. The company had a trading volume of 995,616 shares, compared to its average volume of 377,470. The stock has a market cap of $13.10 billion, a PE ratio of 29.63, a PEG ratio of 1.95 and a beta of 1.03. The company has a 50-day moving average of $343.85 and a 200-day moving average of $355.66. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. Pool has a 12 month low of $293.51 and a 12 month high of $422.73.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. Pool had a net margin of 8.42% and a return on equity of 31.89%. On average, equities analysts forecast that Pool will post 11.1 earnings per share for the current year.

Hedge Funds Weigh In On Pool

A number of institutional investors have recently added to or reduced their stakes in POOL. Rakuten Securities Inc. increased its stake in shares of Pool by 2,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 69 shares during the last quarter. Atala Financial Inc acquired a new position in Pool during the fourth quarter worth approximately $29,000. Sierra Ocean LLC bought a new stake in Pool in the fourth quarter valued at approximately $30,000. Brooklyn Investment Group acquired a new stake in shares of Pool in the third quarter valued at approximately $31,000. Finally, FWL Investment Management LLC bought a new position in shares of Pool during the 4th quarter worth approximately $39,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.