Pool (NASDAQ:POOL) Cut to Sell at StockNews.com

StockNews.com cut shares of Pool (NASDAQ:POOL) from a hold rating to a sell rating in a research report report published on Saturday morning.

Several other research firms also recently weighed in on POOL. Oppenheimer boosted their target price on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company cut their price objective on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Robert W. Baird raised their target price on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Loop Capital lifted their price target 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. Finally, Stifel Nicolaus increased their price objective on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $368.00.

Pool Trading Up 0.8 %

POOL opened at $334.32 on Friday. The stock has a 50-day moving average of $349.22 and a 200 day moving average of $356.99. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. Pool has a 12 month low of $293.51 and a 12 month high of $422.73. The firm has a market cap of $12.72 billion, a P/E ratio of 28.77, a P/E/G ratio of 1.92 and a beta of 1.03.

Hedge Funds Weigh In On Pool

A number of institutional investors have recently modified their holdings of POOL. International Assets Investment Management LLC grew its stake in Pool by 37,863.6% in the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after purchasing an additional 137,445 shares in the last quarter. Versor Investments LP bought a new position in shares of Pool during the 3rd quarter worth $720,000. Parnassus Investments LLC increased its stake in shares of Pool by 3.5% during the third quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock valued at $77,142,000 after buying an additional 6,987 shares during the period. Sumitomo Life Insurance Co. increased its stake in shares of Pool by 1.7% during the third quarter. Sumitomo Life Insurance Co. now owns 5,121 shares of the specialty retailer’s stock valued at $1,930,000 after buying an additional 85 shares during the period. Finally, National Bank of Canada FI raised its holdings in shares of Pool by 46.6% in the third quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock valued at $5,869,000 after acquiring an additional 4,954 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

About Pool

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.