Pool (NASDAQ:POOL - Get Free Report) had its price target reduced by equities research analysts at Wells Fargo & Company from $360.00 to $315.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the specialty retailer's stock. Wells Fargo & Company's price objective indicates a potential upside of 2.86% from the stock's current price.
A number of other equities analysts also recently commented on POOL. StockNews.com downgraded Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of Pool in a research report on Tuesday, April 1st. They set a "hold" rating and a $344.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Pool currently has a consensus rating of "Hold" and a consensus target price of $360.33.
Read Our Latest Stock Analysis on Pool
Pool Price Performance
NASDAQ POOL traded up $4.90 on Monday, reaching $306.25. The company had a trading volume of 508,436 shares, compared to its average volume of 378,916. The stock has a market capitalization of $11.55 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. Pool has a 12 month low of $284.28 and a 12 month high of $395.60. The firm's 50 day moving average price is $328.44 and its 200 day moving average price is $347.54. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71.
Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. The company had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. As a group, equities analysts predict that Pool will post 11.32 earnings per share for the current year.
Insiders Place Their Bets
In related news, SVP Jennifer M. Neil sold 1,223 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the sale, the senior vice president now owns 9,667 shares in the company, valued at approximately $3,045,105. This trade represents a 11.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the sale, the director now directly owns 62,577 shares in the company, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.
Institutional Trading of Pool
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of Pool in the fourth quarter valued at approximately $116,833,000. GAMMA Investing LLC boosted its holdings in shares of Pool by 33,549.5% during the 1st quarter. GAMMA Investing LLC now owns 259,774 shares of the specialty retailer's stock valued at $82,699,000 after buying an additional 259,002 shares in the last quarter. JPMorgan Chase & Co. increased its position in Pool by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer's stock valued at $474,886,000 after buying an additional 232,914 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Pool by 27.5% in the fourth quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer's stock worth $355,435,000 after buying an additional 224,674 shares in the last quarter. Finally, Berkshire Hathaway Inc raised its position in Pool by 48.2% in the 4th quarter. Berkshire Hathaway Inc now owns 598,689 shares of the specialty retailer's stock worth $204,117,000 after buying an additional 194,632 shares during the last quarter. 98.99% of the stock is owned by institutional investors.
About Pool
(
Get Free Report)
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.
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