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

Pool (NASDAQ:POOL) had its target price decreased by investment analysts at Wells Fargo & Company from $360.00 to $290.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s target price would suggest a potential downside of 7.13% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus dropped their target price on Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Loop Capital dropped their price objective on shares of 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 decreased their target price on shares of Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Oppenheimer lowered their price target on shares of Pool from $436.00 to $416.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $328.00.

Pool Trading Up 0.5 %

Pool stock opened at $312.28 on Tuesday. The company has a 50 day moving average price of $357.56 and a 200 day moving average price of $378.61. 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 has a 52 week low of $299.24 and a 52 week high of $422.73. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 3.75 and a beta of 1.02.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share 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 analysts’ expectations of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.46 EPS. Research analysts forecast that Pool will post 11.24 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC bought a new stake in Pool during the 4th quarter valued at approximately $28,000. Stuart Chaussee & Associates Inc. boosted its position in shares of 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 acquiring an additional 55 shares during the period. CVA Family Office LLC acquired a new stake in shares of Pool in the fourth quarter worth $34,000. Lindbrook Capital LLC increased its position 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 acquiring an additional 42 shares during the period. Finally, VisionPoint Advisory Group LLC raised its stake in Pool by 11,800.0% during 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 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.