Pool Corporation (NASDAQ:POOL) Receives Average Rating of “Hold” from Analysts

Shares of Pool Corporation (NASDAQ:POOL) have been given an average recommendation of “Hold” by the twelve research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $311.1250.

A number of research firms recently weighed in on POOL. Stifel Nicolaus lowered their price objective on shares of Pool from $295.00 to $240.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Robert W. Baird set a $320.00 price target on Pool and gave the stock an “outperform” rating in a research note on Monday, January 12th. The Goldman Sachs Group dropped their price objective on Pool from $360.00 to $310.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a research note on Monday, December 29th. Finally, Wells Fargo & Company lifted their target price on Pool from $250.00 to $275.00 and gave the company a “cautious” rating in a research report on Wednesday, February 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Alpine Woods Capital Investors LLC purchased a new stake in Pool during the 4th quarter worth about $298,000. Mercer Global Advisors Inc. ADV grew its position in shares of Pool by 14.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,694 shares of the specialty retailer’s stock worth $387,000 after buying an additional 213 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Pool by 6.1% during the fourth quarter. Mackenzie Financial Corp now owns 1,150 shares of the specialty retailer’s stock worth $265,000 after buying an additional 66 shares during the period. Cim LLC lifted its stake in Pool by 7.8% in the fourth quarter. Cim LLC now owns 3,529 shares of the specialty retailer’s stock worth $807,000 after acquiring an additional 254 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in Pool by 439.8% in the fourth quarter. Empowered Funds LLC now owns 9,641 shares of the specialty retailer’s stock worth $2,205,000 after acquiring an additional 7,855 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Stock Performance

Shares of Pool stock opened at $255.33 on Thursday. The firm has a market cap of $9.51 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 4.50 and a beta of 1.22. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. Pool has a 52 week low of $226.10 and a 52 week high of $374.74. The business’s fifty day simple moving average is $250.48 and its 200-day simple moving average is $275.83.

Pool Company Profile

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.