Pool (NASDAQ:POOL) Price Target Increased to $330.00 by Analysts at Wells Fargo & Company

Pool (NASDAQ:POOL) had its price objective raised by equities research analysts at Wells Fargo & Company from $285.00 to $330.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 8.32% from the company’s previous close.

Several other analysts have also issued reports on POOL. Robert W. Baird upped their target price on Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a report on Friday. Oppenheimer dropped their price objective on Pool from $416.00 to $356.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Bank of America decreased their target price on shares of Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th. Stephens dropped their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 25th. Finally, Stifel Nicolaus decreased their price objective on shares of Pool from $360.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $335.75.

Pool Trading Up 10.0 %

NASDAQ POOL opened at $359.94 on Friday. Pool has a 52 week low of $293.51 and a 52 week high of $422.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88. The stock’s 50 day moving average price is $336.31 and its two-hundred day moving average price is $368.75. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 2.41 and a beta of 1.00.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $4.98 EPS for the quarter, topping the consensus estimate of $4.90 by $0.08. Pool had a net margin of 9.17% and a return on equity of 35.49%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the company posted $5.89 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. As a group, analysts anticipate that Pool will post 10.95 earnings per share for the current fiscal year.

Institutional Trading of Pool

A number of hedge funds have recently made changes to their positions in POOL. Blair William & Co. IL boosted its stake in shares of Pool by 6.0% in the first quarter. Blair William & Co. IL now owns 843,650 shares of the specialty retailer’s stock valued at $340,413,000 after buying an additional 47,640 shares during the period. Wasatch Advisors LP raised its position in Pool by 9.6% during the first quarter. Wasatch Advisors LP now owns 525,004 shares of the specialty retailer’s stock valued at $211,839,000 after purchasing an additional 45,953 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Pool by 26.6% during the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock worth $133,125,000 after purchasing an additional 90,951 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Pool by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 335,844 shares of the specialty retailer’s stock valued at $133,904,000 after purchasing an additional 8,102 shares in the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of Pool by 12.6% during the fourth quarter. Baird Financial Group Inc. now owns 334,839 shares of the specialty retailer’s stock worth $133,504,000 after buying an additional 37,348 shares during the last quarter. 98.99% of the stock is 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.