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

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

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pool in a research report on Monday, December 29th. Cfra raised Pool from a “hold” rating to a “buy” rating and set a $304.00 price target for the company in a report on Monday, December 22nd. Stifel Nicolaus dropped their price target on shares of Pool from $295.00 to $240.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Wells Fargo & Company raised their price objective on shares of Pool from $250.00 to $275.00 and gave the stock a “cautious” rating in a report on Wednesday, February 11th. Finally, The Goldman Sachs Group reduced their price objective on shares of Pool from $360.00 to $310.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th.

Pool Stock Performance

Shares of POOL stock opened at $255.33 on Thursday. The company has a market cap of $9.51 billion, a P/E ratio of 23.28, a PEG ratio of 4.50 and a beta of 1.22. The firm has a fifty day moving average price of $250.48 and a 200 day moving average price of $275.83. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. Pool has a 12 month low of $226.10 and a 12 month high of $374.74.

Hedge Funds Weigh In On Pool

Hedge funds have recently made changes to their positions in the company. Berkshire Hathaway Inc increased its position in Pool by 136.3% during the second quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock worth $1,008,196,000 after buying an additional 1,994,885 shares during the period. Wellington Management Group LLP grew its position in shares of Pool by 16.2% during the third quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock worth $794,825,000 after acquiring an additional 357,643 shares during the last quarter. Morgan Stanley increased its holdings in shares of Pool by 1.8% in the 4th quarter. Morgan Stanley now owns 1,371,772 shares of the specialty retailer’s stock valued at $313,794,000 after acquiring an additional 23,736 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Pool by 2,435.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,290,958 shares of the specialty retailer’s stock valued at $295,307,000 after purchasing an additional 1,240,041 shares during the last quarter. Finally, Invesco Ltd. raised its position in Pool by 11.1% in the 2nd quarter. Invesco Ltd. now owns 699,628 shares of the specialty retailer’s stock valued at $203,928,000 after purchasing an additional 70,075 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

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.