Pool (NASDAQ:POOL) Upgraded at DA Davidson

Key Points

• DA Davidson upgraded Pool to a “hold” rating, adding to a mixed analyst outlook. MarketBeat’s consensus rating is “Hold,” with an average price target of $233.10.
• Pool shares opened at $186.36, near the lower end of their 52-week range of $172.68 to $336.15. The company recently reported quarterly EPS of $5.38, slightly above analyst expectations, while revenue rose 2.2% year over year to $1.82 billion.
• The board authorized a $600 million share-repurchase program, allowing Pool to buy back up to 7.8% of its outstanding shares; institutional investors own approximately 98.99% of the stock.

Pool (NASDAQ:POOL - Get Free Report) was upgraded by equities research analysts at DA Davidson to a "hold" rating in a report released on Monday,Zacks.com reports.

Several other analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $185.00 target price on Pool in a research report on Friday, July 24th. Wall Street Zen upgraded Pool from a "sell" rating to a "hold" rating in a research note on Monday, April 27th. Bank of America cut their price objective on shares of Pool from $226.00 to $206.00 and set an "underperform" rating for the company in a report on Monday, July 20th. Weiss Ratings reissued a "sell (d+)" rating on shares of Pool in a report on Tuesday, August 11th. Finally, Oppenheimer dropped their target price on shares of Pool from $280.00 to $227.00 and set an "outperform" rating for the company in a research report on Friday, July 24th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $233.10.

Pool Stock Performance

Shares of NASDAQ POOL opened at $186.36 on Monday. The stock has a market cap of $6.77 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. Pool has a 1 year low of $172.68 and a 1 year high of $336.15. The firm has a fifty day moving average price of $200.23 and a 200-day moving average price of $206.24. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.67 and a quick ratio of 0.91.

Pool (NASDAQ:POOL - Get Free Report) last issued its earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.05. Pool had a net margin of 7.40% and a return on equity of 32.74%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm posted $5.17 EPS. Pool's quarterly revenue was up 2.2% compared to the same quarter last year. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Equities analysts anticipate that Pool will post 10.94 earnings per share for the current fiscal year.

Pool announced that its Board of Directors has initiated a share repurchase plan on Wednesday, April 29th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to purchase up to 7.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

Institutional Trading of Pool

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its stake in Pool by 20,918.8% during the second quarter. California State Teachers Retirement System now owns 8,205,097 shares of the specialty retailer's stock worth $1,763,275,000 after buying an additional 8,166,060 shares during the period. BlackRock Inc. bought a new stake in shares of Pool in the 2nd quarter worth about $866,576,000. Wellington Management Group LLP boosted its stake in shares of Pool by 16.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer's stock worth $794,825,000 after purchasing an additional 357,643 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Pool by 3,831.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,001,987 shares of the specialty retailer's stock worth $457,955,000 after purchasing an additional 1,951,070 shares during the period. Finally, Morgan Stanley boosted its position in shares of Pool by 1.8% during the fourth quarter. Morgan Stanley now owns 1,371,772 shares of the specialty retailer's stock valued at $313,794,000 after buying an additional 23,736 shares during the period. Hedge funds and other institutional investors own 98.99% of the company's stock.

Pool Company Profile

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation's extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company's product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.

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