Oppenheimer Cuts Pool (NASDAQ:POOL) Price Target to $322.00

Pool (NASDAQ:POOL - Get Free Report) had its price objective dropped by stock analysts at Oppenheimer from $370.00 to $322.00 in a report issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the specialty retailer's stock. Oppenheimer's price target indicates a potential upside of 10.86% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the company. StockNews.com cut Pool from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Wells Fargo & Company dropped their price target on shares of Pool from $360.00 to $315.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Pool in a report on Tuesday, April 1st. They set a "hold" rating and a $344.00 price objective on the stock. Stephens cut their target price on shares of Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Robert W. Baird lowered their price objective on Pool from $325.00 to $310.00 and set a "neutral" rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Pool has an average rating of "Hold" and an average target price of $341.22.

Pool Stock Down 0.4 %

POOL traded down $1.14 on Monday, hitting $290.45. The company had a trading volume of 229,968 shares, compared to its average volume of 381,921. The stock has a fifty day moving average price of $323.54 and a 200-day moving average price of $344.42. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. Pool has a 12-month low of $284.28 and a 12-month high of $395.60. The stock has a market capitalization of $10.96 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 2.03 and a beta of 1.13.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.10). Pool had a net margin of 8.18% and a return on equity of 31.11%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company earned $1.85 EPS. The business's revenue was down 4.4% compared to the same quarter last year. Analysts predict that Pool will post 11.32 EPS for the current fiscal year.

Insider Buying and Selling

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the sale, the director now owns 62,577 shares of the company's stock, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jennifer M. Neil sold 1,223 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $315.00, for a total transaction of $385,245.00. Following the transaction, the senior vice president now directly owns 9,667 shares in the company, valued at approximately $3,045,105. This trade represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in POOL. Rakuten Securities Inc. grew its holdings in shares of Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 69 shares during the period. Whipplewood Advisors LLC increased its position in shares of Pool by 471.4% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer's stock valued at $25,000 after buying an additional 66 shares in the last quarter. City Holding Co. acquired a new position in shares of Pool during the 1st quarter worth $26,000. Atala Financial Inc purchased a new stake in shares of Pool in the 4th quarter worth about $29,000. Finally, Sierra Ocean LLC acquired a new stake in Pool in the 4th quarter valued at about $30,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.

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