Pool (NASDAQ:POOL) Earns Hold (C-) Rating from Weiss Ratings

Key Points

• Pool Corporation's stock has received a "hold (C-)" rating from Weiss Ratings, indicating a cautious outlook from analysts.
• Wells Fargo raised its target price for Pool from $300 to $320, while Robert W. Baird increased its target from $310 to $340, reflecting positive sentiment among analysts.
• The company's recent earnings exceeded expectations with $5.17 EPS, slightly surpassing the consensus estimate of $5.12, and the revenue showed a modest year-over-year increase of 0.9%.

Pool (NASDAQ:POOL - Get Free Report)'s stock had its "hold (c-)" rating reiterated by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other equities analysts have also issued reports on POOL. Wells Fargo & Company lifted their target price on Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Wall Street Zen upgraded Pool from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Robert W. Baird lifted their target price on Pool from $310.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. KeyCorp began coverage on Pool in a research note on Tuesday, September 30th. They issued a "sector weight" rating on the stock. Finally, Guggenheim began coverage on Pool in a research note on Wednesday. They set a "neutral" rating on the stock. Two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Pool presently has an average rating of "Hold" and an average target price of $342.14.

Pool Stock Performance

POOL stock opened at $301.72 on Wednesday. The business has a 50-day moving average price of $315.21 and a 200 day moving average price of $308.25. Pool has a 1-year low of $282.22 and a 1-year high of $395.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87. The company has a market capitalization of $11.26 billion, a P/E ratio of 27.83, a PEG ratio of 4.17 and a beta of 1.11.

Pool (NASDAQ:POOL - Get Free Report) last posted its earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.05. Pool had a return on equity of 30.99% and a net margin of 7.79%.The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the firm earned $4.99 earnings per share. The firm's quarterly revenue was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, equities research analysts forecast that Pool will post 11.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Pool

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Pool by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer's stock worth $1,418,646,000 after purchasing an additional 12,795 shares during the period. Berkshire Hathaway Inc lifted its holdings in shares of Pool by 136.3% during the second quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer's stock worth $1,008,196,000 after purchasing an additional 1,994,885 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Pool by 2.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer's stock worth $716,422,000 after purchasing an additional 50,566 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Pool by 3.6% during the first quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer's stock worth $409,054,000 after purchasing an additional 44,897 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Pool by 1.1% during the first quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer's stock worth $335,562,000 after purchasing an additional 11,552 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

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.

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