Pool (NASDAQ:POOL) Downgraded by TheStreet to “C+”

Pool (NASDAQ:POOLGet Rating) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a research report issued on Thursday, TheStreetRatingsTable reports.

Several other research analysts have also issued reports on the stock. Stifel Nicolaus began coverage on shares of Pool in a research report on Monday, April 4th. They issued a “buy” rating and a $485.00 price target on the stock. Edward Jones began coverage on shares of Pool in a research report on Tuesday, April 12th. They issued a “hold” rating on the stock. Robert W. Baird decreased their price target on shares of Pool from $600.00 to $550.00 in a research report on Friday. Berenberg Bank restated a “buy” rating and issued a $519.00 price target on shares of Pool in a research report on Tuesday, March 8th. Finally, Loop Capital lifted their price target on shares of Pool from $455.00 to $465.00 and gave the stock a “hold” rating in a research report on Friday. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $538.80.

NASDAQ POOL opened at $415.74 on Thursday. Pool has a 12 month low of $401.51 and a 12 month high of $582.27. 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 $16.68 billion, a PE ratio of 26.02, a P/E/G ratio of 2.36 and a beta of 0.89. The company’s 50 day simple moving average is $443.97 and its 200 day simple moving average is $489.51.

Pool (NASDAQ:POOLGet Rating) last posted its quarterly earnings data on Thursday, April 21st. The specialty retailer reported $4.41 EPS for the quarter, beating the Zacks’ consensus estimate of $3.11 by $1.30. Pool had a net margin of 12.29% and a return on equity of 70.81%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business earned $2.42 earnings per share. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. Sell-side analysts anticipate that Pool will post 17.55 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in Pool in the 3rd quarter worth approximately $26,000. Total Clarity Wealth Management Inc. increased its position in Pool by 150.0% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 50 shares of the specialty retailer’s stock worth $28,000 after buying an additional 30 shares during the period. American National Bank grew its holdings in shares of Pool by 52.0% during the 1st quarter. American National Bank now owns 76 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 26 shares in the last quarter. Monolith Advisors acquired a new stake in shares of Pool during the 4th quarter worth approximately $32,000. Finally, Allworth Financial LP grew its holdings in shares of Pool by 241.7% during the 1st quarter. Allworth Financial LP now owns 82 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 58 shares in the last quarter. 91.12% of the stock is currently owned by institutional investors and hedge funds.

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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