Stephens Has Lowered Expectations for Pool (NASDAQ:POOL) Stock Price

Pool (NASDAQ:POOL - Get Free Report) had its price target dropped by equities research analysts at Stephens from $400.00 to $350.00 in a report released on Monday,Benzinga reports. The firm currently has an "overweight" rating on the specialty retailer's stock. Stephens' target price would indicate a potential upside of 18.23% from the stock's current price.

POOL has been the topic of a number of other research reports. StockNews.com lowered Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Stifel Nicolaus dropped their target price on Pool from $340.00 to $330.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on shares of Pool from $360.00 to $315.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Pool in a research note on Tuesday, April 1st. They set a "hold" rating and a $344.00 price objective for the company. Finally, Robert W. Baird cut their price target on shares of Pool from $325.00 to $310.00 and set a "neutral" rating for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Pool presently has a consensus rating of "Hold" and an average target price of $348.33.

Pool Trading Up 1.5 %

Shares of Pool stock traded up $4.44 during mid-day trading on Monday, hitting $296.03. The stock had a trading volume of 48,131 shares, compared to its average volume of 381,196. Pool has a 12-month low of $284.28 and a 12-month high of $395.60. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The firm has a market cap of $11.17 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. The firm has a 50-day moving average of $323.54 and a two-hundred day moving average of $344.42.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $1.32 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 business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.10 billion. Sell-side analysts forecast that Pool will post 11.32 earnings per share for the current year.

Insider Activity

In related news, SVP Jennifer M. Neil sold 1,223 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $315.00, for a total value of $385,245.00. Following the completion of the sale, the senior vice president now directly owns 9,667 shares in the company, valued at approximately $3,045,105. This represents a 11.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction dated Monday, February 24th. The shares were 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 position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Hedge Funds Weigh In On Pool

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AdvisorNet Financial Inc lifted its position in Pool by 7.8% in the 1st quarter. AdvisorNet Financial Inc now owns 468 shares of the specialty retailer's stock valued at $149,000 after purchasing an additional 34 shares during the last quarter. Second Line Capital LLC raised its position in shares of Pool by 4.1% during the 4th quarter. Second Line Capital LLC now owns 888 shares of the specialty retailer's stock worth $303,000 after buying an additional 35 shares in the last quarter. Tidal Investments LLC increased its position in shares of Pool by 0.5% during the 4th quarter. Tidal Investments LLC now owns 6,696 shares of the specialty retailer's stock valued at $2,283,000 after purchasing an additional 35 shares during the period. PUREfi Wealth LLC boosted its holdings in Pool by 5.2% during the first quarter. PUREfi Wealth LLC now owns 773 shares of the specialty retailer's stock worth $246,000 after buying an additional 38 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Pool by 20.3% during the first quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer's stock valued at $72,000 after buying an additional 38 shares in the last quarter. 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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