Stephens Lowers Pool (NASDAQ:POOL) Price Target to $350.00

Pool (NASDAQ:POOL) had its target price decreased by analysts at Stephens from $400.00 to $350.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the specialty retailer’s stock. Stephens’ price target would indicate a potential upside of 19.09% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company cut their target price on Pool from $360.00 to $315.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Stifel Nicolaus dropped their target price on shares of Pool from $340.00 to $330.00 and set a “hold” rating on the stock in a research note on Wednesday, April 23rd. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of Pool in a report on Tuesday, April 1st. They issued a “hold” rating and a $344.00 price target on the stock. Finally, Robert W. Baird cut their price objective on Pool from $325.00 to $310.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and an average target price of $336.22.

Pool Stock Up 0.9 %

NASDAQ:POOL opened at $293.90 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. Pool has a one year low of $284.28 and a one year high of $395.60. The company has a market cap of $11.09 billion, a PE ratio of 26.05, a P/E/G ratio of 2.03 and a beta of 1.13. The firm’s 50 day simple moving average is $321.54 and its 200 day simple moving average is $343.56.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.10). Pool had a net margin of 8.18% and a return on equity of 31.11%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the company posted $1.85 EPS. The business’s revenue was down 4.4% compared to the same quarter last year. On average, research analysts anticipate that Pool will post 11.32 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Jennifer M. Neil sold 1,223 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $315.00, for a total value of $385,245.00. Following the transaction, the senior vice president now owns 9,667 shares in the company, valued at approximately $3,045,105. This represents a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the transaction, the director now owns 62,577 shares of the company’s stock, valued at $21,651,642. This represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Pool

Large investors have recently made changes to their positions in the stock. Rakuten Securities Inc. grew its position in shares of Pool by 2,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 69 shares during the period. Whipplewood Advisors LLC boosted its stake in Pool by 471.4% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer’s stock worth $25,000 after buying an additional 66 shares during the period. City Holding Co. bought a new stake in Pool in the first quarter worth about $26,000. Atala Financial Inc bought a new stake in shares of Pool during the fourth quarter worth $29,000. Finally, Sierra Ocean LLC purchased a new position in shares of Pool during the fourth quarter worth approximately $30,000. 98.99% of the stock is currently owned by institutional investors.

Pool Company Profile

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; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.