Pool Co. (POOL) Given Average Rating of “Buy” by Brokerages

Shares of Pool Co. (NASDAQ:POOL) have earned a consensus recommendation of “Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $127.25.

A number of analysts have recently issued reports on the company. BidaskClub lowered Pool from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Robert W. Baird lifted their price target on Pool from $125.00 to $131.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th.

Shares of Pool (POOL) opened at $130.55 on Monday. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.61 and a quick ratio of 1.03. The stock has a market capitalization of $5,243.80, a P/E ratio of 33.05 and a beta of 0.96. Pool has a 12 month low of $97.25 and a 12 month high of $133.06.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.02. The firm had revenue of $743.40 million for the quarter. Pool had a return on equity of 69.28% and a net margin of 6.19%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. research analysts predict that Pool will post 4.07 EPS for the current fiscal year.

In other Pool news, Director Robert C. Sledd sold 7,200 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $131.02, for a total transaction of $943,344.00. Following the completion of the sale, the director now directly owns 23,814 shares of the company’s stock, valued at approximately $3,120,110.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.00% of the company’s stock.

Several hedge funds have recently modified their holdings of POOL. BlackRock Inc. raised its stake in shares of Pool by 1.3% during the 2nd quarter. BlackRock Inc. now owns 3,302,906 shares of the specialty retailer’s stock worth $388,322,000 after buying an additional 42,148 shares in the last quarter. Amalgamated Bank raised its stake in shares of Pool by 24.9% during the 2nd quarter. Amalgamated Bank now owns 8,128 shares of the specialty retailer’s stock worth $956,000 after buying an additional 1,619 shares in the last quarter. Laurion Capital Management LP purchased a new position in shares of Pool during the 2nd quarter worth approximately $423,000. Thrivent Financial For Lutherans raised its stake in shares of Pool by 7.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 8,350 shares of the specialty retailer’s stock worth $982,000 after buying an additional 590 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Pool by 0.4% during the 2nd quarter. New York State Common Retirement Fund now owns 109,535 shares of the specialty retailer’s stock worth $12,878,000 after buying an additional 396 shares in the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.

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About Pool

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

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