Robert W. Baird Lowers Pool (NASDAQ:POOL) Price Target to $550.00

Pool (NASDAQ:POOLGet Rating) had its price target decreased by equities researchers at Robert W. Baird from $600.00 to $550.00 in a note issued to investors on Friday, The Fly reports. Robert W. Baird’s target price points to a potential upside of 28.75% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. StockNews.com assumed coverage on shares of Pool in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $550.00 price objective on shares of Pool in a research report on Thursday, December 30th. Longbow Research raised shares of Pool from a “neutral” rating to a “buy” rating and set a $550.00 price objective on the stock in a research report on Tuesday. Loop Capital raised their price objective on shares of Pool from $455.00 to $465.00 in a research report on Friday. Finally, Zacks Investment Research lowered shares of Pool from a “buy” rating to a “hold” rating and set a $594.00 price objective on the stock. in a research report on Monday, January 3rd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Pool has a consensus rating of “Buy” and a consensus target price of $538.80.

NASDAQ POOL opened at $427.19 on Friday. The company has a 50 day simple moving average of $444.67 and a 200-day simple moving average of $489.68. 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 firm has a market capitalization of $17.14 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89. Pool has a 52-week low of $401.51 and a 52-week high of $582.27.

Pool (NASDAQ:POOLGet Rating) last posted its quarterly earnings results on Thursday, April 21st. The specialty retailer reported $4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $1.30. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.27 billion. Pool had a net margin of 12.29% and a return on equity of 70.81%. The firm’s revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.42 earnings per share. On average, analysts predict that Pool will post 17.55 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Frontier Wealth Management LLC grew its holdings in Pool by 0.4% during the fourth quarter. Frontier Wealth Management LLC now owns 5,425 shares of the specialty retailer’s stock valued at $3,071,000 after purchasing an additional 23 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Pool by 0.8% in the third quarter. Daiwa Securities Group Inc. now owns 3,015 shares of the specialty retailer’s stock worth $1,310,000 after acquiring an additional 24 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Pool by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 5,264 shares of the specialty retailer’s stock worth $2,287,000 after acquiring an additional 26 shares during the last quarter. American National Bank grew its stake in shares of Pool by 52.0% in the first quarter. American National Bank now owns 76 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 26 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Pool by 1.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,609 shares of the specialty retailer’s stock worth $1,103,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 91.12% of the company’s stock.

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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