Oppenheimer Increases Pool (NASDAQ:POOL) Price Target to $380.00

Pool (NASDAQ:POOL - Get Free Report) had its price target lifted by analysts at Oppenheimer from $356.00 to $380.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an "outperform" rating on the specialty retailer's stock. Oppenheimer's price objective suggests a potential upside of 2.20% from the stock's current price.

A number of other analysts have also weighed in on the stock. Bank of America lowered their price target on shares of Pool from $338.00 to $290.00 and set an "underperform" rating for the company in a report on Tuesday, June 25th. Stifel Nicolaus lowered their price target on shares of Pool from $360.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, July 18th. Robert W. Baird raised their price target on shares of Pool from $305.00 to $377.00 and gave the company a "neutral" rating in a report on Friday. Loop Capital lowered their price target on shares of Pool from $370.00 to $305.00 and set a "hold" rating for the company in a report on Tuesday, June 25th. Finally, Stephens reduced their price objective on shares of Pool from $425.00 to $350.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $347.22.

Pool Price Performance

Shares of NASDAQ POOL traded up $11.88 during mid-day trading on Friday, hitting $371.82. 787,168 shares of the stock were exchanged, compared to its average volume of 373,632. The company has a market cap of $14.25 billion, a P/E ratio of 29.09, a PEG ratio of 2.41 and a beta of 1.00. The stock's fifty day simple moving average is $336.13 and its two-hundred day simple moving average is $368.69. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88. Pool has a twelve month low of $293.51 and a twelve month high of $422.73.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.98 earnings per share for the quarter, beating analysts' consensus estimates of $4.90 by $0.08. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. Pool's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $5.89 earnings per share. As a group, analysts forecast that Pool will post 10.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Pool

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Atomi Financial Group Inc. boosted its position in shares of Pool by 20.8% during the second quarter. Atomi Financial Group Inc. now owns 1,445 shares of the specialty retailer's stock worth $444,000 after purchasing an additional 249 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Pool during the second quarter worth $75,000. Bank of New York Mellon Corp boosted its position in shares of Pool by 26.6% during the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer's stock worth $133,125,000 after purchasing an additional 90,951 shares in the last quarter. Alta Capital Management LLC boosted its position in shares of Pool by 6.5% during the second quarter. Alta Capital Management LLC now owns 26,442 shares of the specialty retailer's stock worth $8,126,000 after purchasing an additional 1,611 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of Pool by 4.9% during the second quarter. Raymond James Trust N.A. now owns 2,103 shares of the specialty retailer's stock worth $646,000 after purchasing an additional 99 shares in the last quarter. 98.99% of the stock is owned by 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.