Pool (NASDAQ:POOL) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, BidAskClub reports.

POOL has been the subject of a number of other reports. Sidoti cut Pool from a “buy” rating to a “neutral” rating and set a $215.00 price target for the company. in a report on Friday, August 23rd. Robert W. Baird set a $192.00 price target on Pool and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Zacks Investment Research raised Pool from a “sell” rating to a “hold” rating and set a $209.00 price target for the company in a report on Monday, August 12th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $189.40.

POOL stock traded down $0.87 during midday trading on Wednesday, reaching $190.24. 4,538 shares of the company’s stock traded hands, compared to its average volume of 199,541. The company has a 50-day simple moving average of $194.84 and a two-hundred day simple moving average of $181.24. Pool has a 1-year low of $136.83 and a 1-year high of $204.97. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 1.37 and a beta of 0.90. The company has a quick ratio of 0.97, a current ratio of 2.35 and a debt-to-equity ratio of 2.30.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, July 18th. The specialty retailer reported $3.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.21 by $0.01. Pool had a return on equity of 82.89% and a net margin of 8.14%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm posted $2.80 EPS. The business’s revenue was up 6.0% on a year-over-year basis. Equities research analysts forecast that Pool will post 5.81 EPS for the current year.

In other Pool news, CAO Hart Melanie Housey sold 2,400 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $194.88, for a total value of $467,712.00. Following the transaction, the chief accounting officer now directly owns 12,684 shares in the company, valued at approximately $2,471,857.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark W. Joslin sold 1,429 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $200.00, for a total value of $285,800.00. Following the completion of the transaction, the chief financial officer now owns 140,356 shares in the company, valued at $28,071,200. The disclosure for this sale can be found here. Insiders sold a total of 48,965 shares of company stock worth $9,560,885 over the last quarter. Corporate insiders own 6.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in shares of Pool by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 404,749 shares of the specialty retailer’s stock worth $60,165,000 after purchasing an additional 27,737 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Pool in the 1st quarter worth $231,000. BNP Paribas Arbitrage SA boosted its position in shares of Pool by 121.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,442 shares of the specialty retailer’s stock worth $238,000 after purchasing an additional 792 shares during the last quarter. First Republic Investment Management Inc. boosted its position in shares of Pool by 4.0% in the 1st quarter. First Republic Investment Management Inc. now owns 5,039 shares of the specialty retailer’s stock worth $831,000 after purchasing an additional 194 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Pool by 1.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 44,948 shares of the specialty retailer’s stock worth $7,415,000 after purchasing an additional 770 shares during the last quarter. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Pool Company Profile

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.

Further Reading: Overbought

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