Equities researchers at The Goldman Sachs Group began coverage on shares of Pool (NASDAQ:POOL) in a research note issued on Tuesday, Analyst Price Targets reports. The brokerage set a “buy” rating and a $535.00 price target on the specialty retailer’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 25.05% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $410.00 price objective on shares of Pool in a report on Wednesday, May 5th. Zacks Investment Research lowered Pool from a “buy” rating to a “hold” rating and set a $362.00 target price on the stock. in a research report on Wednesday, March 17th. Robert W. Baird lifted their target price on shares of Pool from $360.00 to $444.00 and gave the company an “outperform” rating in a research report on Friday, April 23rd. Finally, Loop Capital upped their price target on shares of Pool from $390.00 to $405.00 and gave the stock a “hold” rating in a research report on Monday, April 26th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $395.50.
Shares of NASDAQ:POOL opened at $427.83 on Tuesday. The business has a 50-day moving average price of $400.23 and a 200-day moving average price of $362.09. The stock has a market cap of $17.17 billion, a price-to-earnings ratio of 53.61 and a beta of 0.72. Pool has a 52-week low of $229.18 and a 52-week high of $449.44. The company has a quick ratio of 0.94, a current ratio of 2.21 and a debt-to-equity ratio of 0.56.
Pool (NASDAQ:POOL) last issued its quarterly earnings data on Wednesday, April 21st. The specialty retailer reported $2.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $1.27. Pool had a return on equity of 70.48% and a net margin of 8.85%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $825.73 million. During the same quarter in the previous year, the firm posted $0.71 EPS. The company’s revenue for the quarter was up 56.6% on a year-over-year basis. As a group, equities analysts anticipate that Pool will post 8.43 EPS for the current fiscal year.
In related news, Vice Chairman De La Mesa Manuel J. Perez sold 17,106 shares of the stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $428.20, for a total transaction of $7,324,789.20. Following the completion of the transaction, the insider now owns 70,342 shares of the company’s stock, valued at approximately $30,120,444.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Romain Kenneth G. St sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $413.17, for a total value of $5,164,625.00. Following the completion of the sale, the vice president now directly owns 96,487 shares in the company, valued at approximately $39,865,533.79. The disclosure for this sale can be found here. Insiders have sold a total of 48,916 shares of company stock valued at $20,984,285 in the last 90 days. Insiders own 4.00% of the company’s stock.
A number of large investors have recently modified their holdings of POOL. First Horizon Corp boosted its stake in shares of Pool by 4.1% in the 1st quarter. First Horizon Corp now owns 613 shares of the specialty retailer’s stock valued at $211,000 after buying an additional 24 shares during the period. First Horizon Advisors Inc. lifted its holdings in Pool by 7.6% during the 1st quarter. First Horizon Advisors Inc. now owns 424 shares of the specialty retailer’s stock worth $146,000 after buying an additional 30 shares during the last quarter. Hartford Investment Management Co. increased its holdings in shares of Pool by 0.6% in the 1st quarter. Hartford Investment Management Co. now owns 5,181 shares of the specialty retailer’s stock valued at $1,789,000 after acquiring an additional 32 shares during the last quarter. Perennial Investment Advisors LLC lifted its stake in Pool by 4.9% during the fourth quarter. Perennial Investment Advisors LLC now owns 772 shares of the specialty retailer’s stock worth $288,000 after purchasing an additional 36 shares during the last quarter. Finally, F3Logic LLC boosted its holdings in Pool by 2.5% in the first quarter. F3Logic LLC now owns 1,502 shares of the specialty retailer’s stock valued at $516,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 90.62% of the company’s stock.
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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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