Pool Co. (NASDAQ:POOL) Receives $368.00 Average Price Target from Analysts

Shares of Pool Co. (NASDAQ:POOL) have been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $368.00.

A number of brokerages have recently commented on POOL. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Saturday, February 8th. Wells Fargo & Company cut their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Stifel Nicolaus upped their price target on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Loop Capital lifted 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. Finally, Oppenheimer increased their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th.

Pool Trading Up 1.2 %

NASDAQ:POOL opened at $344.28 on Friday. 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’s 50 day moving average is $346.40 and its 200 day moving average is $356.19. The stock has a market capitalization of $13.10 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03.

Institutional Investors Weigh In On Pool

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rakuten Securities Inc. raised its holdings in shares of Pool by 2,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 69 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Pool in the 3rd quarter worth approximately $31,000. Atala Financial Inc bought a new stake in shares of Pool in the 4th quarter worth approximately $29,000. Sierra Ocean LLC purchased a new stake in shares of Pool in the 4th quarter valued at $30,000. Finally, Private Trust Co. NA grew its holdings in shares of Pool by 76.9% during the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 60 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other 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.