Oppenheimer Trims Pool (NASDAQ:POOL) Target Price to $356.00

Pool (NASDAQ:POOL) had its price target cut by stock analysts at Oppenheimer from $416.00 to $356.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Oppenheimer’s price objective points to a potential upside of 14.00% from the company’s current price.

A number of other analysts have also issued reports on the company. Loop Capital lowered their price target on Pool from $415.00 to $370.00 and set a “hold” rating on the stock in a research note on Tuesday, June 18th. Robert W. Baird dropped their target price 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 decreased their price target on shares of Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. Finally, Wells Fargo & Company dropped their price objective on shares of Pool from $360.00 to $290.00 and set an “equal weight” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $328.00.

Pool Stock Up 0.5 %

POOL stock opened at $312.28 on Tuesday. The firm’s fifty day moving average is $357.56 and its 200 day moving average is $378.61. The firm has a market cap 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 has a one year low of $299.24 and a one year high of $422.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 9.17% and a return on equity of 35.49%. Pool’s revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the business earned $2.46 earnings per share. On average, research analysts forecast that Pool will post 11.24 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Pool during the 4th quarter valued at about $28,000. Stuart Chaussee & Associates Inc. grew its holdings in Pool by 250.0% in the fourth 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 period. CVA Family Office LLC acquired a new position in Pool during the fourth quarter worth approximately $34,000. Lindbrook Capital LLC raised 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 during the period. Finally, VisionPoint Advisory Group LLC boosted its holdings in shares of Pool by 11,800.0% in the 4th quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 118 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

About Pool

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.