Pool (POOL) Rating Increased to Buy at BidaskClub

Pool (NASDAQ:POOL) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Robert W. Baird lifted their target price on Pool from $125.00 to $131.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Six analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $127.25.

Pool (POOL) opened at $128.86 on Friday. The firm has a market capitalization of $5,180.00, a PE ratio of 32.62 and a beta of 0.91. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.61 and a quick ratio of 1.03. Pool has a 52-week low of $97.25 and a 52-week high of $136.72.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 15th. The specialty retailer reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.11). Pool had a net margin of 6.19% and a return on equity of 69.28%. equities research analysts anticipate that Pool will post 4.07 earnings per share for the current year.

In other news, Director Robert C. Sledd sold 7,200 shares of Pool stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $131.02, for a total value of $943,344.00. Following the completion of the transaction, the director now owns 23,814 shares in the company, valued at approximately $3,120,110.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new position in shares of Pool in the 4th quarter valued at about $144,000. Polen Capital Management LLC purchased a new position in shares of Pool in the 3rd quarter valued at about $207,000. Eagle Boston Investment Management Inc. purchased a new position in shares of Pool in the 4th quarter valued at about $246,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Pool in the 3rd quarter valued at about $217,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Pool by 43.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,302 shares of the specialty retailer’s stock valued at $298,000 after buying an additional 696 shares during the period. Institutional investors and hedge funds own 94.49% of the company’s stock.

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Pool Company Profile

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

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