Pool (NASDAQ:POOL) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft started coverage on shares of Pool (NASDAQ:POOL) in a report issued on Tuesday. The firm set a “hold” rating and a $344.00 price target on the specialty retailer’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 8.29% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Wells Fargo & Company reduced their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Pool currently has a consensus rating of “Hold” and an average price target of $365.33.

Pool Price Performance

Shares of POOL stock traded down $0.67 on Tuesday, reaching $317.68. The company had a trading volume of 13,712 shares, compared to its average volume of 367,110. The stock has a market capitalization of $11.95 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The business’s 50-day moving average is $339.95 and its 200 day moving average is $353.40. Pool has a one year low of $293.51 and a one year high of $403.61.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. The business had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. Equities research analysts forecast that Pool will post 11.32 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the transaction, the director now owns 62,577 shares in the company, valued at $21,651,642. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Pool by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 4,443,451 shares of the specialty retailer’s stock worth $1,514,950,000 after buying an additional 21,870 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Pool by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after purchasing an additional 232,914 shares during the last quarter. Wellington Management Group LLP raised its stake in Pool by 27.5% in the fourth quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer’s stock valued at $355,435,000 after purchasing an additional 224,674 shares in the last quarter. Geode Capital Management LLC lifted its position in Pool by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 977,862 shares of the specialty retailer’s stock valued at $332,566,000 after purchasing an additional 13,519 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Pool by 6.2% in the 4th quarter. Invesco Ltd. now owns 763,817 shares of the specialty retailer’s stock worth $260,416,000 after buying an additional 44,884 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

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.