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

Pool (NASDAQ:POOL) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

A number of other research firms 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 company an “equal weight” rating in a report on Monday, October 7th. Robert W. Baird raised their target price on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Loop Capital boosted their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Stifel Nicolaus raised 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. Finally, Oppenheimer lifted their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Pool presently has an average rating of “Hold” and a consensus target price of $369.25.

Pool Stock Up 1.1 %

Shares of NASDAQ POOL opened at $351.65 on Tuesday. The firm’s 50-day moving average is $365.74 and its two-hundred day moving average is $352.82. The company has a market capitalization of $13.38 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. Pool has a 12-month low of $293.51 and a 12-month high of $422.73. 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, beating analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. Pool’s quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts anticipate that Pool will post 11.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Pool

Several institutional investors have recently bought and sold shares of the business. Taylor Frigon Capital Management LLC lifted its holdings in shares of Pool by 0.8% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock valued at $1,089,000 after acquiring an additional 28 shares in the last quarter. Heritage Family Offices LLP grew its stake in shares of Pool by 2.2% in the third quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock valued at $482,000 after buying an additional 28 shares in the last quarter. CWM LLC raised its holdings in shares of Pool by 3.7% during the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock valued at $293,000 after buying an additional 28 shares during the period. Aurora Investment Counsel lifted its position in Pool by 0.6% during the 2nd quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock worth $1,542,000 after acquiring an additional 30 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its holdings in Pool by 4.8% in the 2nd quarter. Summit Trail Advisors LLC now owns 678 shares of the specialty retailer’s stock worth $208,000 after acquiring an additional 31 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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.