Pool (NASDAQ:POOL) Stock Rating Upgraded by Longbow Research

Pool (NASDAQ:POOLGet Rating) was upgraded by investment analysts at Longbow Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

Other research analysts also recently issued research reports about the company. Robert W. Baird upped their target price on Pool from $555.00 to $600.00 and gave the stock an “outperform” rating in a report on Friday, February 18th. Jefferies Financial Group reiterated a “hold” rating and set a $550.00 target price on shares of Pool in a report on Thursday, December 30th. Zacks Investment Research downgraded Pool from a “buy” rating to a “hold” rating and set a $594.00 target price on the stock. in a report on Monday, January 3rd. Berenberg Bank reiterated a “buy” rating and set a $519.00 target price on shares of Pool in a report on Tuesday, March 8th. Finally, Stifel Nicolaus started coverage on Pool in a report on Monday, April 4th. They set a “buy” rating and a $485.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pool has a consensus rating of “Buy” and a consensus price target of $551.44.

Shares of NASDAQ:POOL opened at $410.49 on Tuesday. Pool has a 1 year low of $380.69 and a 1 year high of $582.27. The company has a market cap of $16.47 billion, a PE ratio of 25.69, a P/E/G ratio of 2.36 and a beta of 0.89. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.38 and a quick ratio of 0.58. The stock’s 50-day moving average is $446.20 and its 200 day moving average is $490.57.

Pool (NASDAQ:POOLGet Rating) last announced its quarterly earnings results on Thursday, February 17th. The specialty retailer reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.33. Pool had a return on equity of 70.81% and a net margin of 12.29%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $958.59 million. During the same quarter in the previous year, the business earned $1.45 EPS. Pool’s revenue was up 23.4% compared to the same quarter last year. Analysts expect that Pool will post 17.55 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of POOL. Amundi Pioneer Asset Management Inc. boosted its stake in Pool by 9.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 6,022 shares of the specialty retailer’s stock valued at $994,000 after purchasing an additional 500 shares during the last quarter. Stephens Inc. AR boosted its stake in Pool by 24.9% during the 3rd quarter. Stephens Inc. AR now owns 616 shares of the specialty retailer’s stock valued at $268,000 after purchasing an additional 123 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Pool by 5.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 7,499 shares of the specialty retailer’s stock valued at $3,258,000 after purchasing an additional 374 shares during the last quarter. Nordea Investment Management AB boosted its stake in Pool by 108.5% during the 3rd quarter. Nordea Investment Management AB now owns 74,290 shares of the specialty retailer’s stock valued at $33,278,000 after purchasing an additional 38,657 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Pool by 51.2% during the 3rd quarter. SG Americas Securities LLC now owns 18,995 shares of the specialty retailer’s stock valued at $8,252,000 after purchasing an additional 6,435 shares during the last quarter. Institutional investors and hedge funds own 91.12% of the company’s stock.

About Pool (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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