Pool (NASDAQ:POOL) Rating Lowered to “Sell” at StockNews.com

Pool (NASDAQ:POOL) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

POOL has been the subject of a number of other research reports. Oppenheimer lifted their price target on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Loop Capital increased their price objective on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Stifel Nicolaus upped their price objective on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Robert W. Baird increased their price target on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $369.25.

Pool Stock Performance

Shares of POOL stock opened at $350.26 on Friday. The business’s 50-day moving average price is $355.49 and its 200-day moving average price is $354.58. Pool has a 12 month low of $293.51 and a 12 month high of $422.73. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 1.83 and a beta of 1.03.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.50 EPS. Equities research analysts forecast that Pool will post 11.03 EPS for the current year.

Hedge Funds Weigh In On Pool

Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Pool by 22.7% during the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after acquiring an additional 232,914 shares in the last quarter. Geode Capital Management LLC increased its position in Pool by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer’s stock valued at $362,196,000 after purchasing an additional 6,232 shares during the period. Wasatch Advisors LP raised its holdings in Pool by 0.6% in the 3rd quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer’s stock worth $213,020,000 after purchasing an additional 3,428 shares in the last quarter. Berkshire Hathaway Inc bought a new position in Pool in the 3rd quarter worth $152,249,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Pool by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 296,063 shares of the specialty retailer’s stock worth $90,992,000 after purchasing an additional 23,396 shares during the period. 98.99% of the stock is owned by institutional investors.

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.