Pool (NASDAQ:POOL) Downgraded by StockNews.com to Sell

Pool (NASDAQ:POOL - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Sunday.

Other research analysts also recently issued reports about the company. Stifel Nicolaus lifted their target price on Pool from $335.00 to $340.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Wells Fargo & Company lifted their price objective on shares of Pool from $330.00 to $370.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. 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 report on Friday, October 25th. Oppenheimer lifted their target price on shares of Pool from $380.00 to $386.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Finally, Robert W. Baird raised their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Pool presently has an average rating of "Hold" and a consensus target price of $369.25.

Pool Stock Up 0.2 %

POOL traded up $0.72 during trading on Friday, reaching $350.26. 329,854 shares of the stock were exchanged, compared to its average volume of 323,826. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The stock's 50 day moving average price is $355.98 and its two-hundred day moving average price is $353.86. Pool has a twelve month low of $293.51 and a twelve month high of $422.73. The stock has a market cap of $13.33 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 1.83 and a beta of 1.03.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business earned $3.50 EPS. Pool's revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts expect that Pool will post 11.03 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in Pool by 22.7% during the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer's stock worth $474,886,000 after acquiring an additional 232,914 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 last quarter. Wasatch Advisors LP increased its position in Pool by 0.6% during 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 valued at approximately $152,249,000. Finally, Dimensional Fund Advisors LP boosted its position in Pool by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 296,063 shares of the specialty retailer's stock valued at $90,992,000 after buying an additional 23,396 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

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.