The Price Target for Pool Corporation has been revised upwards by a research firm, indicating a potential upside for the stock. The current price target for the specialty retailer is $315.00, with an expected potential upside of 1.23% from the current price.
Recent Developments in Pool Corporation’s Stock
Wells Fargo & Company Lowers the Price Target
Wells Fargo & Company, a renowned financial services company, has lowered the price target for Pool Corporation from $360.00 to $315.00 in a research note issued on Monday. The brokerage firm has an “equal weight” rating on the stock, which suggests a neutral stance on the company’s performance.
- Deutsche Bank Aktiengesellschaft initiated coverage on Pool Corporation in a research report on Tuesday, April 1st, with a “hold” rating and a target price of $344.00.
- StockNews.com cut Pool Corporation from a “hold” rating to a “sell” rating in a research note on Friday, February 28th.
- Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, and three have issued a buy rating to the company’s stock.
Analysts’ Consensus Rating and Price Target
According to data from MarketBeat.com, Pool Corporation presently has a consensus rating of “Hold” and a consensus target price of $360.33. This indicates that the majority of analysts expect the company to perform moderately, with a potential upside of around 1.23% from the current price.
Pool Corporation’s Stock Performance
Pool Corporation’s stock traded down $0.11 during mid-day trading on Monday, hitting $311.16. A total of 11,648 shares of the company’s stock were traded, compared to its average volume of 377,003.
| Financial Metrics | Values |
|---|---|
| Quick Ratio | 0.77 |
| Current Ratio | 2.05 |
| Debt-to-Equity Ratio | 0.71 |
| Market Cap | $11.74 billion |
| PE Ratio | 27.64 |
| Price-to-Earnings-Growth Ratio | 2.03 |
| Beta | 1.13 |
Insider Activity
Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool Corporation’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the completion of the sale, the director now directly owns 62,577 shares in the company, valued at approximately $21,651,642. This trade represents a 13.78% decrease in their position.
- SVP Jennifer M. Neil sold 1,223 shares of Pool Corporation’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $315.00, for a total value of $385,245.00.
Institutional Trading of Pool Corporation
Several institutional investors have recently made changes to their positions in Pool Corporation’s stock. Raymond James Financial Inc. purchased a new stake in Pool Corporation in the 4th quarter worth approximately $116,833,000. GAMMA Investing LLC raised its holdings in shares of Pool Corporation by 33,549.5% during the first quarter. JPMorgan Chase & Co. boosted its position in Pool Corporation by 22.7% during the third quarter. Wellington Management Group LLP grew its stake in Pool Corporation by 27.5% in the fourth quarter. Berkshire Hathaway Inc increased its position in Pool Corporation by 48.2% in the 4th quarter.
- 98.99% of the stock is currently owned by institutional investors and hedge funds.
About Pool Corporation
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. The company’s stock has been the subject of several research reports, with Wells Fargo & Company lowering the price target from $360.00 to $315.00. Pool Corporation’s stock has been traded down $0.11 during mid-day trading on Monday, hitting $311.16. The company has a quick ratio of 0.77, a current ratio of 2.05, and a debt-to-equity ratio of 0.71. Pool Corporation has a market cap of $11.74 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 2.03, and a beta of 1.13. The company has a one-year low of $284.28 and a one-year high of $395.60. The firm has a 50-day moving average price of $330.78 and a 200-day moving average price of $349.07. The company has a consensus rating of “Hold” and a consensus target price of $360.33. According to data from MarketBeat.com, Pool Corporation is expected to post 11.32 EPS for the current year. Pool Corporation’s stock performance has been influenced by several factors, including insider activity and institutional trading. Director De La Mesa Manuel J. SVP Jennifer M. The shares were sold at an average price of $315.00, for a total value of $385,245.00. Several institutional investors have recently made changes to their positions in Pool Corporation’s stock. The company’s stock has been traded down $0.11 during mid-day trading on Monday, hitting $311.16. The company’s market cap is $11.74 billion, and the PE ratio is 27.64. The price-to-earnings-growth ratio is 2.03, and the beta is 1.13. Institutional investors have been actively involved in Pool Corporation’s stock, with several firms making significant changes to their positions. The company’s stock has been influenced by several factors, including insider activity and institutional trading. In conclusion, Pool Corporation’s stock has been influenced by several factors, including insider activity and institutional trading.
