Bank of America Issues Pessimistic Forecast for Pool (NASDAQ:POOL) Stock Price

Pool (NASDAQ:POOL) had its price target lowered by research analysts at Bank of America from $226.00 to $206.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “underperform” rating on the specialty retailer’s stock. Bank of America‘s price objective suggests a potential upside of 4.91% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company dropped their price objective on Pool from $230.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Stifel Nicolaus raised their target price on shares of Pool from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings lowered shares of Pool from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Finally, Zacks Research raised shares of Pool from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Pool presently has an average rating of “Hold” and a consensus target price of $262.00.

Pool Price Performance

NASDAQ:POOL opened at $196.36 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.55 and a current ratio of 1.87. The stock’s 50-day simple moving average is $195.36 and its 200 day simple moving average is $217.05. The company has a market cap of $7.16 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.55 and a beta of 1.05. Pool has a 52-week low of $172.68 and a 52-week high of $345.00.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $1.43 EPS for the quarter, beating the consensus estimate of $1.34 by $0.09. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Pool had a return on equity of 32.37% and a net margin of 7.57%.The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.32 earnings per share. Pool has set its FY 2026 guidance at 10.870-11.170 EPS. As a group, sell-side analysts forecast that Pool will post 11.07 EPS for the current fiscal year.

Pool announced that its board has initiated a stock repurchase plan on Wednesday, April 29th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Pool news, Director De La Mesa Manuel J. Perez bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $175.95 per share, with a total value of $1,759,500.00. Following the acquisition, the director owned 40,108 shares of the company’s stock, valued at $7,057,002.60. The trade was a 33.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John E. Stokely purchased 1,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were acquired at an average cost of $193.06 per share, with a total value of $193,060.00. Following the acquisition, the director directly owned 16,230 shares in the company, valued at approximately $3,133,363.80. The trade was a 6.57% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 21,989 shares of company stock valued at $4,042,747. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Pool

Institutional investors and hedge funds have recently modified their holdings of the stock. Clearstead Advisors LLC lifted its stake in shares of Pool by 100.0% during the 4th quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer’s stock worth $28,000 after buying an additional 61 shares during the last quarter. Private Trust Co. NA grew its stake in Pool by 78.6% in the 4th quarter. Private Trust Co. NA now owns 125 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 55 shares during the last quarter. Elevation Wealth Partners LLC grew its stake in Pool by 2,660.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 133 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Pool in the 2nd quarter valued at about $30,000. Finally, Covestor Ltd raised its holdings in Pool by 348.4% in the 4th quarter. Covestor Ltd now owns 139 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 108 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.