Pool (NASDAQ:POOL) PT Lowered to $450.00

Pool (NASDAQ:POOLGet Rating) had its target price decreased by equities research analysts at The Goldman Sachs Group from $560.00 to $450.00 in a research note issued to investors on Thursday, Stock Target Advisor reports. The firm currently has a “buy” rating on the specialty retailer’s stock. The Goldman Sachs Group’s price target points to a potential upside of 31.34% from the company’s current price.

Several other brokerages have also recently commented on POOL. Loop Capital dropped their target price on Pool from $465.00 to $370.00 and set a “hold” rating on the stock in a report on Thursday. Longbow Research raised Pool from a “neutral” rating to a “buy” rating and set a $550.00 target price on the stock in a report on Tuesday, April 19th. StockNews.com initiated coverage on Pool in a report on Thursday, March 31st. They set a “hold” rating on the stock. TheStreet raised Pool from a “c+” rating to a “b” rating in a report on Thursday, June 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a $519.00 price target on shares of Pool in a report on Tuesday, March 8th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Pool presently has a consensus rating of “Moderate Buy” and an average target price of $496.00.

Shares of NASDAQ POOL traded up $6.85 during midday trading on Thursday, hitting $342.63. 2,127 shares of the company’s stock were exchanged, compared to its average volume of 437,033. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.50 and a quick ratio of 0.79. The stock’s 50 day moving average price is $396.24 and its 200-day moving average price is $452.21. The firm has a market cap of $13.73 billion, a P/E ratio of 19.13, a PEG ratio of 1.80 and a beta of 0.88. Pool has a twelve month low of $324.14 and a twelve month high of $582.27.

Pool (NASDAQ:POOLGet Rating) last issued its quarterly earnings data on Thursday, April 21st. The specialty retailer reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $1.35. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.27 billion. Pool had a return on equity of 69.76% and a net margin of 12.95%. The business’s revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.42 earnings per share. On average, analysts expect that Pool will post 18.5 EPS for the current fiscal year.

In other news, CEO Peter D. Arvan acquired 500 shares of the company’s stock in a transaction dated Wednesday, May 18th. The stock was bought at an average price of $387.08 per share, with a total value of $193,540.00. Following the completion of the acquisition, the chief executive officer now owns 61,825 shares in the company, valued at approximately $23,931,221. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Martha S. Gervasi purchased 300 shares of the firm’s stock in a transaction dated Friday, May 6th. The shares were bought at an average cost of $391.86 per share, for a total transaction of $117,558.00. Following the completion of the purchase, the director now directly owns 808 shares of the company’s stock, valued at $316,622.88. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in POOL. Total Clarity Wealth Management Inc. raised its holdings in Pool by 150.0% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 50 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 30 shares during the period. American National Bank increased its stake in Pool by 52.0% in the 1st quarter. American National Bank now owns 76 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 26 shares during the last quarter. Allworth Financial LP increased its stake in Pool by 241.7% in the 1st quarter. Allworth Financial LP now owns 82 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 58 shares during the last quarter. Curi Wealth Management LLC grew its position in shares of Pool by 142.9% in the 1st quarter. Curi Wealth Management LLC now owns 85 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 50 shares during the period. Finally, Huntington National Bank grew its position in shares of Pool by 203.4% in the 1st quarter. Huntington National Bank now owns 88 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 59 shares during the period. 91.88% of the stock is currently owned by hedge funds and other institutional investors.

Pool Company Profile (Get Rating)

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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.

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