Pool Corporation (NASDAQ:POOL) Receives $308.00 Average Target Price from Brokerages

Shares of Pool Corporation (NASDAQ:POOL) have earned an average rating of “Hold” from the twelve brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $308.00.

A number of analysts recently commented on the company. Guggenheim assumed coverage on Pool in a research report on Wednesday, October 8th. They set a “neutral” rating for the company. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research note on Monday, December 29th. Wells Fargo & Company lowered their target price on Pool from $320.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Monday, December 15th. Stifel Nicolaus cut their price target on shares of Pool from $295.00 to $240.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Finally, The Goldman Sachs Group decreased their price objective on shares of Pool from $360.00 to $310.00 and set a “buy” rating for the company in a report on Tuesday, January 13th.

Pool Stock Down 0.6%

Shares of NASDAQ POOL opened at $264.46 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.57 and a quick ratio of 0.87. The company has a 50-day moving average price of $243.93 and a 200-day moving average price of $281.02. The stock has a market capitalization of $9.85 billion, a P/E ratio of 24.11, a P/E/G ratio of 4.68 and a beta of 1.23. Pool has a 1 year low of $226.10 and a 1 year high of $374.74.

Hedge Funds Weigh In On Pool

Several hedge funds have recently bought and sold shares of the company. Osborne Partners Capital Management LLC grew its position in Pool by 3.4% in the fourth quarter. Osborne Partners Capital Management LLC now owns 37,623 shares of the specialty retailer’s stock worth $8,606,000 after acquiring an additional 1,244 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Pool by 24.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,584 shares of the specialty retailer’s stock worth $2,421,000 after purchasing an additional 2,068 shares during the last quarter. Lecap Asset Management Ltd. purchased a new position in shares of Pool in the 4th quarter worth about $526,000. Private Trust Co. NA increased its position in shares of Pool by 78.6% during the 4th quarter. Private Trust Co. NA now owns 125 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 55 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Pool by 8.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,702 shares of the specialty retailer’s stock valued at $1,304,000 after purchasing an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

About Pool

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.