Pool (NASDAQ:POOL) Given New $387.00 Price Target at KeyCorp

Pool (NASDAQ:POOL – Get Rating) had its price objective raised by analysts at KeyCorp from $345.00 to $387.00 in a report issued on Wednesday, The Fly reports. KeyCorp’s price objective would suggest a potential upside of 6.24% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Wednesday, January 11th. Bank of America started coverage on shares of Pool in a research note on Thursday, December 15th. They set an “underperform” rating and a $291.00 target price for the company. Stephens lowered their target price on shares of Pool from $400.00 to $340.00 in a research note on Wednesday, October 19th. The Goldman Sachs Group lowered their target price on shares of Pool from $410.00 to $360.00 and set a “buy” rating for the company in a research note on Friday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised shares of Pool from a “hold” rating to a “buy” rating and set a $417.00 target price for the company in a research note on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Pool has an average rating of “Hold” and a consensus price target of $396.09.

Pool Price Performance

POOL stock opened at $364.26 on Wednesday. The company has a fifty day moving average price of $325.00 and a 200-day moving average price of $335.23. The company has a market capitalization of $14.22 billion, a P/E ratio of 18.71, a PEG ratio of 2.55 and a beta of 0.84. Pool has a 52-week low of $278.10 and a 52-week high of $488.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.90 and a current ratio of 2.98.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Pool by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,424,510 shares of the specialty retailer’s stock valued at $1,870,904,000 after buying an additional 12,654 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Pool by 0.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 667,445 shares of the specialty retailer’s stock valued at $234,428,000 after buying an additional 2,061 shares during the last quarter. Pictet Asset Management SA grew its holdings in shares of Pool by 6.5% during the third quarter. Pictet Asset Management SA now owns 587,792 shares of the specialty retailer’s stock valued at $187,041,000 after buying an additional 36,019 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Pool by 4.9% during the third quarter. Blair William & Co. IL now owns 553,137 shares of the specialty retailer’s stock valued at $176,014,000 after buying an additional 25,942 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Pool by 7.6% during the second quarter. FMR LLC now owns 552,092 shares of the specialty retailer’s stock valued at $193,911,000 after buying an additional 39,123 shares during the last quarter. 98.15% of the stock is currently owned by institutional investors and hedge funds.

Pool Company Profile

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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.