Pool (NASDAQ:POOL) Upgraded to “Hold” at DA Davidson

Pool (NASDAQ:POOL) was upgraded by equities researchers at DA Davidson to a “hold” rating in a research report issued on Monday,Zacks.com reports.

POOL has been the topic of a number of other reports. Oppenheimer reduced their target price on shares of Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Robert W. Baird set a $260.00 price objective on Pool in a research note on Friday, July 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft set a $185.00 price objective on Pool in a report on Friday, July 24th. Finally, Zacks Research upgraded Pool from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $233.10.

Pool Trading Down 1.0%

NASDAQ POOL opened at $186.36 on Monday. The stock has a market cap of $6.77 billion, a PE ratio of 17.14, a PEG ratio of 2.55 and a beta of 1.06. Pool has a 12 month low of $172.68 and a 12 month high of $336.15. The company’s 50-day moving average price is $200.23 and its 200-day moving average price is $206.24. The company has a current ratio of 2.67, a quick ratio of 0.91 and a debt-to-equity ratio of 1.05.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.05. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.82 billion. Pool had a net margin of 7.40% and a return on equity of 32.74%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $5.17 EPS. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Equities research analysts forecast that Pool will post 10.94 earnings per share for the current year.

Pool declared that its Board of Directors has initiated a stock buyback plan on Wednesday, April 29th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the specialty retailer to purchase up to 7.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Pool

Large investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its holdings in Pool by 20,918.8% during the second quarter. California State Teachers Retirement System now owns 8,205,097 shares of the specialty retailer’s stock worth $1,763,275,000 after buying an additional 8,166,060 shares during the period. BlackRock Inc. bought a new position in shares of Pool in the 2nd quarter worth $866,576,000. Wellington Management Group LLP lifted its stake in shares of Pool by 16.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock worth $794,825,000 after purchasing an additional 357,643 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Pool by 3,831.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,001,987 shares of the specialty retailer’s stock valued at $457,955,000 after purchasing an additional 1,951,070 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Pool by 1.8% in the fourth quarter. Morgan Stanley now owns 1,371,772 shares of the specialty retailer’s stock worth $313,794,000 after purchasing an additional 23,736 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Company Profile

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.