Pool (NASDAQ:POOL) Price Target Raised to $380.00

Pool (NASDAQ:POOL) had its price objective increased by investment analysts at Oppenheimer from $356.00 to $380.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Oppenheimer’s price objective indicates a potential upside of 1.78% from the company’s previous close.

Several other analysts have also recently commented on the company. Robert W. Baird increased their target price on Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a report on Friday. The Goldman Sachs Group raised their price target on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company raised their price target on Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday. Loop Capital decreased their price target on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. Finally, Stifel Nicolaus decreased their price target on Pool from $360.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Pool currently has an average rating of “Hold” and a consensus target price of $347.22.

Pool Price Performance

Shares of POOL stock traded up $13.42 during trading hours on Friday, hitting $373.36. 364,860 shares of the company’s stock were exchanged, compared to its average volume of 370,588. The stock’s 50-day moving average is $336.13 and its 200-day moving average is $368.69. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 2.41 and a beta of 1.00. Pool has a 52 week low of $293.51 and a 52 week high of $422.73.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $4.98 EPS for the quarter, topping the consensus estimate of $4.90 by $0.08. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.89 earnings per share. As a group, research analysts forecast that Pool will post 10.95 EPS for the current year.

Institutional Investors Weigh In On Pool

A number of hedge funds have recently modified their holdings of the business. Turtle Creek Wealth Advisors LLC acquired a new stake in Pool in the 4th quarter valued at approximately $28,000. Stuart Chaussee & Associates Inc. raised its position in Pool by 250.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 55 shares during the last quarter. CVA Family Office LLC acquired a new stake in Pool in the 4th quarter valued at approximately $34,000. Lindbrook Capital LLC raised its position in Pool by 73.7% in the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 42 shares during the last quarter. Finally, VisionPoint Advisory Group LLC raised its position in Pool by 11,800.0% in the 4th quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.