Pool (NASDAQ:POOL) Rating Lowered to “Sell” at StockNews.com

Pool (NASDAQ:POOL) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

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

Pool Price Performance

Shares of POOL traded up $4.40 on Friday, hitting $337.27. The company’s stock had a trading volume of 281,107 shares, compared to its average volume of 344,404. The company has a market capitalization of $12.84 billion, a PE ratio of 29.02, a PEG ratio of 2.20 and a beta of 1.01. Pool has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a 50 day moving average price of $362.19 and a 200 day moving average price of $352.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping the consensus estimate of $3.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.50 earnings per share. On average, research analysts anticipate that Pool will post 11.02 earnings per share for the current fiscal year.

Institutional Trading of Pool

A number of institutional investors and hedge funds have recently modified their holdings of POOL. Heritage Family Offices LLP grew its holdings in Pool by 2.2% during the third quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock valued at $482,000 after purchasing an additional 28 shares during the period. CWM LLC boosted its position in shares of Pool by 3.7% during the third quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock worth $293,000 after purchasing an additional 28 shares in the last quarter. Aurora Investment Counsel grew its holdings in shares of Pool by 0.6% in the 2nd quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock valued at $1,542,000 after buying an additional 30 shares during the period. Summit Trail Advisors LLC increased its position in shares of Pool by 4.8% in the 2nd quarter. Summit Trail Advisors LLC now owns 678 shares of the specialty retailer’s stock valued at $208,000 after buying an additional 31 shares in the last quarter. Finally, Perennial Investment Advisors LLC raised its stake in Pool by 2.8% during the 2nd quarter. Perennial Investment Advisors LLC now owns 1,219 shares of the specialty retailer’s stock worth $375,000 after buying an additional 33 shares during the period. 98.99% of the stock is owned by 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.