Pool (NASDAQ:POOL) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Pool (NASDAQ:POOL) from a sell rating to a hold rating in a research report released on Friday morning.

A number of other equities research analysts have also recently commented on POOL. Loop Capital raised their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company increased their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Oppenheimer boosted their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Robert W. Baird increased their target price on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus boosted their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $369.25.

Pool Price Performance

NASDAQ POOL opened at $344.25 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The business’s fifty day moving average is $354.33 and its 200 day moving average is $356.67. The company has a market capitalization of $13.10 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03. Pool has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of POOL. Sierra Ocean LLC purchased a new stake in Pool during the fourth quarter valued at $30,000. Brooklyn Investment Group bought a new position in shares of Pool in the 3rd quarter valued at about $31,000. Wilmington Savings Fund Society FSB purchased a new position in Pool in the third quarter worth about $60,000. YANKCOM Partnership bought a new stake in Pool during the fourth quarter worth approximately $61,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Pool by 101.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 164 shares during the period. 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.