Pool (POOL) Lifted to Strong-Buy at BidaskClub

Pool (NASDAQ:POOL) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

A number of other research analysts have also recently issued reports on POOL. Robert W. Baird reissued a “buy” rating and set a $158.00 price target on shares of Pool in a research report on Friday, February 16th. Stephens set a $160.00 price target on shares of Pool and gave the company a “hold” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research raised shares of Pool from a “hold” rating to a “buy” rating and set a $161.00 price target for the company in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Pool has a consensus rating of “Buy” and an average target price of $147.60.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ POOL opened at $146.22 on Friday. Pool has a 1 year low of $97.25 and a 1 year high of $150.26. The stock has a market cap of $5,906.70, a P/E ratio of 36.65 and a beta of 0.87. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.43 and a quick ratio of 0.76.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, February 15th. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Pool had a net margin of 6.87% and a return on equity of 70.46%. The company had revenue of $510.18 million during the quarter. During the same period last year, the business earned $0.06 earnings per share. The company’s revenue was up 14.6% on a year-over-year basis. research analysts forecast that Pool will post 5.48 earnings per share for the current fiscal year.

In other Pool news, VP Arthur D. Cook sold 48,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $148.00, for a total transaction of $7,104,000.00. Following the completion of the sale, the vice president now directly owns 103,633 shares in the company, valued at approximately $15,337,684. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Romain Kenneth G. St sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $145.96, for a total transaction of $5,838,400.00. Following the sale, the insider now owns 105,308 shares of the company’s stock, valued at $15,370,755.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,000 shares of company stock valued at $18,685,004. 7.00% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in POOL. Russell Investments Group Ltd. increased its stake in Pool by 40.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 108,695 shares of the specialty retailer’s stock valued at $11,758,000 after purchasing an additional 31,218 shares in the last quarter. Nordea Investment Management AB increased its stake in Pool by 34.0% during the 3rd quarter. Nordea Investment Management AB now owns 20,850 shares of the specialty retailer’s stock valued at $2,255,000 after purchasing an additional 5,294 shares in the last quarter. Legal & General Group Plc increased its stake in Pool by 10.3% during the 3rd quarter. Legal & General Group Plc now owns 36,279 shares of the specialty retailer’s stock valued at $3,925,000 after purchasing an additional 3,380 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Pool by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,016,708 shares of the specialty retailer’s stock valued at $217,804,000 after purchasing an additional 49,607 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Pool by 6.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 226,463 shares of the specialty retailer’s stock valued at $24,497,000 after purchasing an additional 13,463 shares in the last quarter. Institutional investors and hedge funds own 95.70% of the company’s stock.

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About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; 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 landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.

Analyst Recommendations for Pool (NASDAQ:POOL)

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