Pool Corporation (NASDAQ:POOL) Given Consensus Rating of “Hold” by Analysts

Pool Corporation (NASDAQ:POOL) has received a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $308.00.

Several research firms have recently weighed in on POOL. Wells Fargo & Company reduced their price objective on Pool from $320.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Monday, December 15th. Stifel Nicolaus lowered their price target on shares of Pool from $295.00 to $240.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Guggenheim assumed coverage on Pool in a research note on Wednesday, October 8th. They set a “neutral” rating for the company. The Goldman Sachs Group decreased their price objective on shares of Pool from $360.00 to $310.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Finally, William Blair reaffirmed a “market perform” rating on shares of Pool in a report on Wednesday, October 15th.

Pool Stock Down 0.5%

Shares of POOL opened at $254.09 on Friday. Pool has a fifty-two week low of $226.10 and a fifty-two week high of $374.74. The firm has a market cap of $9.46 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 4.50 and a beta of 1.23. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. The company’s fifty day moving average is $245.21 and its two-hundred day moving average is $280.27.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Berkshire Hathaway Inc boosted its holdings in shares of Pool by 136.3% in the second quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock valued at $1,008,196,000 after acquiring an additional 1,994,885 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in Pool by 43.9% during the third quarter. Deprince Race & Zollo Inc. now owns 40,719 shares of the specialty retailer’s stock worth $12,626,000 after purchasing an additional 12,424 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Pool by 224.7% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 61,696 shares of the specialty retailer’s stock worth $17,983,000 after purchasing an additional 42,696 shares during the period. Geneva Capital Management LLC boosted its stake in Pool by 11.1% during the 2nd quarter. Geneva Capital Management LLC now owns 96,966 shares of the specialty retailer’s stock valued at $28,264,000 after purchasing an additional 9,673 shares in the last quarter. Finally, Achmea Investment Management B.V. increased its position in shares of Pool by 37.5% during the 2nd quarter. Achmea Investment Management B.V. now owns 4,480 shares of the specialty retailer’s stock valued at $1,305,000 after purchasing an additional 1,221 shares during the period. 98.99% of the stock is currently owned by institutional investors.

About Pool

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.