Pool (NASDAQ:POOL) Now Covered by Analysts at Loop Capital

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Analysts at Loop Capital initiated coverage on shares of Pool (NASDAQ:POOL) in a research note issued on Monday, January 6th, MarketBeat reports. The firm set a “hold” rating and a $227.00 price target on the specialty retailer’s stock. Loop Capital’s price objective indicates a potential upside of 4.60% from the stock’s previous close.

Other analysts also recently issued reports about the stock. BidaskClub upgraded shares of Pool from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Zacks Investment Research downgraded shares of Pool from a “buy” rating to a “hold” rating and set a $228.00 price objective on the stock. in a research report on Monday, October 21st. Robert W. Baird lifted their price objective on shares of Pool from $192.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. ValuEngine downgraded shares of Pool from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Stephens boosted their price target on shares of Pool from $187.00 to $196.00 and gave the stock an “equal weight” rating in a research report on Monday, September 23rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $219.20.

NASDAQ:POOL traded down $0.63 during trading hours on Monday, reaching $217.02. 1,852 shares of the company were exchanged, compared to its average volume of 162,399. The stock has a 50 day simple moving average of $211.55 and a 200 day simple moving average of $201.13. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 1.38 and a beta of 0.86. Pool has a 52-week low of $147.61 and a 52-week high of $228.19. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.68 and a quick ratio of 0.98.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 17th. The specialty retailer reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.17. The business had revenue of $898.50 million during the quarter, compared to analyst estimates of $883.54 million. Pool had a net margin of 8.24% and a return on equity of 82.52%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $1.66 EPS. On average, analysts predict that Pool will post 5.84 EPS for the current fiscal year.

In related news, Vice Chairman De La Mesa Manuel J. Perez sold 15,274 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $211.53, for a total transaction of $3,230,909.22. Following the transaction, the insider now owns 63,038 shares of the company’s stock, valued at $13,334,428.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark W. Joslin sold 5,000 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $214.84, for a total transaction of $1,074,200.00. Following the transaction, the chief financial officer now directly owns 120,920 shares in the company, valued at approximately $25,978,452.80. The disclosure for this sale can be found here. Insiders sold a total of 30,274 shares of company stock worth $6,456,309 in the last ninety days. Corporate insiders own 6.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. increased its holdings in Pool by 9.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 6,022 shares of the specialty retailer’s stock valued at $994,000 after buying an additional 500 shares during the period. Prudential Financial Inc. increased its holdings in Pool by 7.3% in the 2nd quarter. Prudential Financial Inc. now owns 25,293 shares of the specialty retailer’s stock valued at $4,831,000 after buying an additional 1,730 shares during the period. LPL Financial LLC increased its holdings in Pool by 7.6% in the 2nd quarter. LPL Financial LLC now owns 4,508 shares of the specialty retailer’s stock valued at $861,000 after buying an additional 318 shares during the period. M&T Bank Corp grew its holdings in shares of Pool by 2.3% in the 2nd quarter. M&T Bank Corp now owns 3,529 shares of the specialty retailer’s stock worth $673,000 after purchasing an additional 79 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Pool by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 559,903 shares of the specialty retailer’s stock worth $106,941,000 after purchasing an additional 8,619 shares during the last quarter. 93.38% of the stock is currently owned by institutional investors and hedge funds.

About Pool

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.

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