Pool (NASDAQ:POOL – Get Rating) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
A number of other research analysts have also commented on the company. The Goldman Sachs Group lowered their price target on Pool from $410.00 to $360.00 and set a “buy” rating on the stock in a report on Friday, October 21st. KeyCorp lowered their price target on Pool from $465.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, October 21st. Deutsche Bank Aktiengesellschaft lowered their price target on Pool from $431.00 to $368.00 and set a “hold” rating on the stock in a report on Thursday, October 20th. Stephens lowered their target price on Pool from $400.00 to $340.00 in a report on Wednesday, October 19th. Finally, Robert W. Baird lowered their target price on Pool from $398.00 to $368.00 and set a “neutral” rating on the stock in a report on Friday, October 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $397.50.
Pool floor performance
Pool stock opened at $307.79 on Wednesday. The stock has a market cap of $12.02 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 1.56 and a beta of 0.81. The company has a current ratio of 2.98, a quick ratio of 0.90 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average of $319.89 and a 200-day moving average of $358.24. Pool has a 52 week low of $278.10 and a 52 week high of $582.27.
Pool (NASDAQ:POOL – Get Rating) last announced its quarterly earnings data on Thursday, October 20th. The specialty retailer reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.65 by $0.13. Pool had a return on equity of 65.81% and a net margin of 12.81%. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the business posted $4.51 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, analysts expect that pool will post 18.71 EPS for the current fiscal year.
Insider Activity at Pool
In other pool news, CFO Hart Melanie Housey sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $384.01, for a total transaction of $960,025.00. Following the completion of the sale, the chief financial officer now directly owns 10,721 shares in the company, valued at approximately $4,116,971.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Pool
A number of institutional investors have recently bought and sold shares of the business. OLD National Bancorp IN raised its stake in shares of Pool by 3.8% during the 1st quarter. OLD National Bancorp IN now owns 757 shares of the specialty retailer’s stock worth $320,000 after purchasing an additional 28 shares in the last quarter. Sugarloaf Wealth Management LLC raised its stake in shares of Pool by 20.6% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 170 shares of the specialty retailer’s stock worth $60,000 after purchasing an additional 29 shares in the last quarter. Atria Investments LLC raised its stake in shares of Pool by 0.3% during the 1st quarter. Atria Investments LLC now owns 10,218 shares of the specialty retailer’s stock worth $4,321,000 after purchasing an additional 30 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Pool by 2.3% during the 2nd quarter. Foundations Investment Advisors LLC now owns 1,384 shares of the specialty retailer’s stock worth $516,000 after purchasing an additional 31 shares in the last quarter. Finally, Cresset Asset Management LLC raised its stake in shares of Pool by 7.2% during the 1st quarter. Cresset Asset Management LLC now owns 479 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 32 shares in the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.
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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Pool, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Pool wasn’t on the list.
While Pool currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here