Robert W. Baird Boosts Pool (NASDAQ:POOL) Price Target to $377.00

Pool (NASDAQ:POOL) had its price objective upped by research analysts at Robert W. Baird from $305.00 to $377.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. Robert W. Baird’s price objective would suggest a potential upside of 4.74% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Stephens lowered their price target on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday, June 25th. Bank of America lowered their price target on Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a report on Tuesday, June 25th. Wells Fargo & Company lowered their price target on Pool from $360.00 to $290.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. Oppenheimer lowered their price target on Pool from $416.00 to $356.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Finally, Stifel Nicolaus lowered their price target on Pool from $360.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Pool currently has a consensus rating of “Hold” and a consensus price target of $330.75.

Pool Stock Up 10.0 %

Shares of NASDAQ:POOL opened at $359.94 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. The business has a fifty day moving average of $336.31 and a two-hundred day moving average of $368.75. The stock has a market cap of $13.80 billion, a P/E ratio of 28.16, a PEG ratio of 2.41 and a beta of 1.00. Pool has a 52-week low of $293.51 and a 52-week high of $422.73.

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

Institutional Investors Weigh In On Pool

Hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB raised its position in 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 in the last quarter. TD Asset Management Inc raised its position in Pool by 67.4% in the 1st quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock valued at $123,651,000 after purchasing an additional 123,387 shares in the last quarter. International Assets Investment Management LLC raised its position in Pool by 30,047.2% in the 4th quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock valued at $73,322,000 after purchasing an additional 183,288 shares in the last quarter. BNP Paribas Financial Markets raised its position in Pool by 9.4% in the 4th quarter. BNP Paribas Financial Markets now owns 44,628 shares of the specialty retailer’s stock valued at $17,794,000 after purchasing an additional 3,853 shares in the last quarter. Finally, M&G Plc acquired a new stake in Pool in the 1st quarter valued at about $4,436,000. Institutional investors and hedge funds 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.