Pool Corporation (NASDAQ:POOL) Given Average Recommendation of “Hold” by Brokerages

Pool Corporation (NASDAQ:POOL) has earned a consensus rating of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $308.00.

POOL has been the topic of a number of recent analyst reports. William Blair reissued a “market perform” rating on shares of Pool in a research note on Wednesday, October 15th. Guggenheim began coverage on Pool in a report on Wednesday, October 8th. They set a “neutral” rating on the stock. Robert W. Baird set a $320.00 price objective on shares of Pool and gave the stock an “outperform” rating in a research note on Monday, January 12th. Wells Fargo & Company decreased their price objective on shares of Pool from $320.00 to $250.00 and set an “equal weight” rating for the company in a report on Monday, December 15th. Finally, Cfra upgraded shares of Pool from a “hold” rating to a “buy” rating and set a $304.00 target price on the stock in a report on Monday, December 22nd.

Pool Trading Down 1.2%

Shares of NASDAQ:POOL opened at $255.38 on Friday. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $9.51 billion, a PE ratio of 23.28, a P/E/G ratio of 4.55 and a beta of 1.23. Pool has a 1 year low of $226.10 and a 1 year high of $374.74. The firm has a fifty day moving average price of $244.93 and a 200 day moving average price of $280.68.

Hedge Funds Weigh In On Pool

Several large investors have recently made changes to their positions in the business. Clearstead Trust LLC acquired a new stake in Pool in the 2nd quarter valued at approximately $25,000. Root Financial Partners LLC acquired a new stake in shares of Pool in the third quarter worth $29,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Pool in the second quarter worth $30,000. Chilton Capital Management LLC bought a new position in Pool during the second quarter worth $30,000. Finally, MUFG Securities EMEA plc acquired a new position in Pool during the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

About Pool

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.