Pool (NASDAQ:POOL) Upgraded at TheStreet

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

Several other analysts have also recently weighed in on POOL. Robert W. Baird reduced their price target on Pool from $600.00 to $550.00 in a report on Friday, April 22nd. StockNews.com started coverage on Pool in a report on Thursday, March 31st. They set a “hold” rating on the stock. Edward Jones started coverage on Pool in a report on Tuesday, April 12th. They set a “hold” rating on the stock. Longbow Research upgraded Pool from a “neutral” rating to a “buy” rating and set a $550.00 price target on the stock in a report on Tuesday, April 19th. Finally, Berenberg Bank restated a “buy” rating and set a $519.00 price target on shares of Pool in a report on Tuesday, March 8th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $539.22.

Pool stock opened at $407.27 on Thursday. Pool has a 12-month low of $377.52 and a 12-month high of $582.27. The company has a quick ratio of 0.79, a current ratio of 2.50 and a debt-to-equity ratio of 1.26. The business’s 50-day moving average price is $412.28 and its two-hundred day moving average price is $469.87. The stock has a market cap of $16.32 billion, a PE ratio of 22.66, a P/E/G ratio of 2.24 and a beta of 0.88.

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

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

Several hedge funds have recently bought and sold shares of the company. Frontier Wealth Management LLC grew its stake in shares of Pool by 0.4% during the 4th quarter. Frontier Wealth Management LLC now owns 5,425 shares of the specialty retailer’s stock worth $3,071,000 after acquiring an additional 23 shares during the period. American National Bank grew its stake 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 acquiring an additional 26 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Pool by 1.0% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,609 shares of the specialty retailer’s stock worth $1,103,000 after purchasing an additional 26 shares in the last quarter. Signaturefd LLC lifted its holdings in Pool by 7.5% during the 4th quarter. Signaturefd LLC now owns 402 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 28 shares in the last quarter. Finally, OLD National Bancorp IN lifted its holdings in Pool by 3.8% during the 1st quarter. OLD National Bancorp IN now owns 757 shares of the specialty retailer’s stock worth $320,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 91.88% 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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