Pool (NASDAQ:POOL) Price Target Cut to $360.00 by Analysts at Wells Fargo & Company

Pool (NASDAQ:POOL) had its price objective cut by Wells Fargo & Company from $370.00 to $360.00 in a report released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the specialty retailer’s stock.

POOL has been the topic of several other research reports. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Oppenheimer raised their price target on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Stifel Nicolaus boosted their price objective on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Robert W. Baird raised their target price on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Loop Capital boosted their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $368.00.

Pool Stock Performance

Shares of NASDAQ:POOL opened at $339.35 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. Pool has a 12 month low of $293.51 and a 12 month high of $422.73. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 1.93 and a beta of 1.03. The firm’s 50-day moving average is $352.49 and its 200 day moving average is $357.08.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in POOL. Cetera Investment Advisers lifted its holdings in shares of Pool by 6.6% during the 2nd quarter. Cetera Investment Advisers now owns 7,522 shares of the specialty retailer’s stock valued at $2,312,000 after purchasing an additional 464 shares during the last quarter. Czech National Bank increased its position in Pool by 6.7% during the 3rd quarter. Czech National Bank now owns 7,793 shares of the specialty retailer’s stock valued at $2,936,000 after buying an additional 489 shares in the last quarter. GAMMA Investing LLC raised its stake in Pool by 24.8% in the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock valued at $151,000 after buying an additional 80 shares during the last quarter. Fulton Bank N.A. boosted its holdings in Pool by 39.8% in the third quarter. Fulton Bank N.A. now owns 2,228 shares of the specialty retailer’s stock worth $840,000 after acquiring an additional 634 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its stake in shares of Pool by 8.2% during the third quarter. Atomi Financial Group Inc. now owns 1,563 shares of the specialty retailer’s stock worth $589,000 after acquiring an additional 118 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

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.