Wells Fargo & Company Lowers Pool (NASDAQ:POOL) Price Target to $290.00

Pool (NASDAQ:POOL) had its target price lowered by stock analysts at Wells Fargo & Company from $360.00 to $290.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 7.13% from the stock’s previous close.

POOL has been the subject of a number of other research reports. Robert W. Baird cut their price objective on shares of Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a report on Tuesday. Stifel Nicolaus reduced their price objective on Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Oppenheimer dropped their target price on Pool from $436.00 to $416.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Finally, Loop Capital reduced their price target on Pool from $415.00 to $370.00 and set a “hold” rating on the stock in a report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $328.00.

Pool Stock Performance

Shares of NASDAQ:POOL opened at $312.28 on Tuesday. The business’s 50 day moving average price is $357.56 and its 200-day moving average price is $378.61. Pool has a 1 year low of $299.24 and a 1 year high of $422.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. The firm has a market capitalization of $11.97 billion, a PE ratio of 24.44, a P/E/G ratio of 3.75 and a beta of 1.02.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period last year, the firm earned $2.46 EPS. As a group, equities research analysts expect that Pool will post 11.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Pool in the 4th quarter valued at approximately $28,000. Stuart Chaussee & Associates Inc. increased its holdings in Pool by 250.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 55 shares during the last quarter. CVA Family Office LLC purchased a new stake in Pool in the fourth quarter valued at approximately $34,000. Lindbrook Capital LLC lifted its stake in Pool by 73.7% during the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 42 shares in the last quarter. Finally, VisionPoint Advisory Group LLC boosted its position in shares of Pool by 11,800.0% during the fourth quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock worth $47,000 after buying an additional 118 shares during the period. Institutional investors and hedge funds own 98.99% 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; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.