Pool (NASDAQ:POOL) Price Target Raised to $335.00 at Stifel Nicolaus

Pool (NASDAQ:POOL) had its price objective lifted by analysts at Stifel Nicolaus from $310.00 to $335.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the specialty retailer’s stock. Stifel Nicolaus’ price objective points to a potential downside of 4.93% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Robert W. Baird increased their target price on shares of Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Oppenheimer increased their target price on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group increased their target price on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Company raised their price objective on shares of Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $350.00.

Pool Stock Up 0.4 %

Shares of POOL traded up $1.55 during midday trading on Friday, reaching $352.37. The stock had a trading volume of 8,468 shares, compared to its average volume of 362,710. Pool has a 1-year low of $293.51 and a 1-year high of $422.73. The company’s fifty day simple moving average is $336.66 and its two-hundred day simple moving average is $363.86. The company has a market cap of $13.51 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 2.53 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.09. Pool had a net margin of 8.58% and a return on equity of 32.85%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the business earned $5.89 EPS. The company’s revenue was down 4.7% on a year-over-year basis. Equities research analysts expect that Pool will post 10.98 earnings per share for the current year.

Institutional Trading of Pool

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tortoise Investment Management LLC grew its holdings in shares of Pool by 68.9% during the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of Pool by 232.4% during the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after buying an additional 79 shares in the last quarter. VisionPoint Advisory Group LLC grew its holdings in shares of Pool by 11,800.0% during the fourth quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock worth $47,000 after buying an additional 118 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Pool by 26.2% during the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after buying an additional 43 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of Pool during the second quarter worth about $74,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.