Pool (NASDAQ:POOL) Price Target Raised to $436.00

Pool (NASDAQ:POOL) had its target price upped by stock analysts at Oppenheimer from $407.00 to $436.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Oppenheimer’s price target indicates a potential upside of 5.16% from the company’s current price.

Other analysts have also issued research reports about the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $370.00 target price on shares of Pool in a report on Tuesday, March 5th. Loop Capital lowered shares of Pool from a “buy” rating to a “hold” rating and upped their target price for the stock from $380.00 to $415.00 in a report on Monday, January 8th. Wells Fargo & Company started coverage on shares of Pool in a report on Tuesday, December 19th. They set an “equal weight” rating and a $400.00 target price on the stock. TheStreet lowered shares of Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Pool from a “buy” rating to a “hold” rating and decreased their price target for the stock from $371.00 to $368.00 in a report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $388.63.

Pool Stock Up 3.0 %

POOL opened at $414.62 on Thursday. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77. The stock has a market cap of $16.05 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 3.74 and a beta of 1.01. Pool has a twelve month low of $307.77 and a twelve month high of $422.73. The company’s 50-day moving average price is $392.73 and its two-hundred day moving average price is $368.29.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Pool had a net margin of 9.44% and a return on equity of 37.94%. The company’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.79 earnings per share. As a group, equities analysts expect that Pool will post 13.27 earnings per share for the current year.

Insider Buying and Selling at Pool

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the transaction, the general counsel now directly owns 8,622 shares in the company, valued at $3,457,422. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Pool

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Pool by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,424,510 shares of the specialty retailer’s stock valued at $1,870,904,000 after buying an additional 12,654 shares during the last quarter. BlackRock Inc. grew its stake in shares of Pool by 2.5% during the 2nd quarter. BlackRock Inc. now owns 3,745,914 shares of the specialty retailer’s stock worth $1,403,369,000 after purchasing an additional 93,012 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Pool by 3.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,845,204 shares of the specialty retailer’s stock worth $657,077,000 after purchasing an additional 63,413 shares during the period. State Street Corp grew its stake in shares of Pool by 3.7% during the 2nd quarter. State Street Corp now owns 1,510,384 shares of the specialty retailer’s stock worth $565,850,000 after purchasing an additional 54,292 shares during the period. Finally, Select Equity Group L.P. grew its stake in shares of Pool by 10.3% during the 4th quarter. Select Equity Group L.P. now owns 1,502,159 shares of the specialty retailer’s stock worth $454,148,000 after purchasing an additional 139,946 shares during the period. 98.99% of the stock is 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.