Shares of Pool Corporation (NASDAQ:POOL) have been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $127.00.
Several research firms have recently commented on POOL. Zacks Investment Research downgraded Pool Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub downgraded Pool Corporation from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Johnson Rice upgraded Pool Corporation from an “accumulate” rating to a “buy” rating in a report on Monday, July 24th. Finally, Sidoti upgraded Pool Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $119.00 to $131.00 in a report on Friday, September 15th.
A number of institutional investors have recently bought and sold shares of POOL. FNY Partners Fund LP bought a new stake in shares of Pool Corporation in the 1st quarter worth approximately $126,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Pool Corporation by 1,198.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the specialty retailer’s stock worth $134,000 after purchasing an additional 1,055 shares in the last quarter. Huntington National Bank boosted its position in shares of Pool Corporation by 27.9% in the 2nd quarter. Huntington National Bank now owns 1,481 shares of the specialty retailer’s stock worth $174,000 after purchasing an additional 323 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Pool Corporation in the 2nd quarter worth approximately $188,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Pool Corporation by 13.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,606 shares of the specialty retailer’s stock worth $189,000 after purchasing an additional 185 shares in the last quarter. 92.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of Pool Corporation (NASDAQ POOL) traded up 5.20% during midday trading on Friday, hitting $117.72. The stock had a trading volume of 703,758 shares. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 30.60 and a beta of 0.92. The firm’s 50-day moving average price is $107.80 and its 200-day moving average price is $113.91. Pool Corporation has a 1-year low of $90.51 and a 1-year high of $124.26.
Pool Corporation (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.16. The firm had revenue of $743.40 million for the quarter, compared to the consensus estimate of $729.77 million. Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. Analysts forecast that Pool Corporation will post $4.06 earnings per share for the current year.
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About Pool Corporation
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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