Shares of Pool Corporation (NASDAQ:POOL) have been given a consensus recommendation of “Buy” by the six research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $127.00.
POOL has been the topic of several research analyst reports. Zacks Investment Research cut Pool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. BidaskClub raised Pool Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Johnson Rice raised Pool Corporation from an “accumulate” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Sidoti raised Pool Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $119.00 to $131.00 in a research note on Friday, September 15th.
Several institutional investors and hedge funds have recently bought and sold shares of POOL. FNY Partners Fund LP purchased a new position in shares of Pool Corporation during the first quarter valued at approximately $126,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Pool Corporation by 1,198.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the specialty retailer’s stock valued at $134,000 after buying an additional 1,055 shares during the period. Huntington National Bank increased its stake in shares of Pool Corporation by 27.9% during the second quarter. Huntington National Bank now owns 1,481 shares of the specialty retailer’s stock valued at $174,000 after buying an additional 323 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of Pool Corporation during the second quarter valued at approximately $188,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Pool Corporation by 13.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,606 shares of the specialty retailer’s stock valued at $189,000 after buying an additional 185 shares during the period. 92.14% of the stock is currently owned by hedge funds and other institutional investors.
Pool Corporation (POOL) traded down 0.19% during trading on Tuesday, hitting $107.68. The company’s stock had a trading volume of 215,228 shares. The firm has a 50 day moving average of $104.62 and a 200 day moving average of $115.15. Pool Corporation has a 12 month low of $88.65 and a 12 month high of $124.26. The firm has a market cap of $4.44 billion, a P/E ratio of 27.99 and a beta of 0.92.
Pool Corporation (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $2.21 EPS for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.03). Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%. The company had revenue of $988.16 million during the quarter. During the same quarter in the prior year, the business earned $1.98 earnings per share. Pool Corporation’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts predict that Pool Corporation will post $4.11 earnings per share for the current year.
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About Pool Corporation
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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