Pool (NASDAQ:POOL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $170.00 price target on the specialty retailer’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 10.52% from the stock’s current price.

According to Zacks, “Shares of Pool have outperformed the industry in a year’s time. In fact, third-quarter 2018 marked the 33rd consecutive quarter of year-over-year sales growth for Pool. Top-line growth can be primarily attributed to improved performance of its base business. Notably, the company should continue benefiting in the near term, backed by base business sales growth and favorable trends in the housing market. Pool also raised its full-year guidance. In addition, continuous growth in remodel and replacement sectors of its business is a major positive. The company’s leading market share position and opportunistic expansion strategies position it well for revenue growth. Nonetheless, seasonality of Pool’s business and macroeconomic headwinds due to expanded global presence create headwinds.”

POOL has been the subject of a number of other research reports. BidaskClub lowered shares of Pool from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 4th. Jefferies Financial Group started coverage on shares of Pool in a research note on Friday, October 12th. They issued a “hold” rating and a $145.00 price objective for the company. Finally, Robert W. Baird decreased their price objective on shares of Pool from $163.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, October 19th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Pool currently has an average rating of “Hold” and an average price target of $157.40.

Pool stock traded up $2.08 during midday trading on Wednesday, reaching $153.82. The stock had a trading volume of 1,760 shares, compared to its average volume of 322,797. Pool has a twelve month low of $119.64 and a twelve month high of $175.87. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.18 and a current ratio of 3.29. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 38.55, a P/E/G ratio of 1.15 and a beta of 1.03.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 18th. The specialty retailer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. Pool had a net margin of 8.21% and a return on equity of 78.04%. The firm had revenue of $811.31 million during the quarter. During the same period in the prior year, the business posted $1.16 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts forecast that Pool will post 5.66 earnings per share for the current fiscal year.

In other Pool news, Director Robert C. Sledd sold 5,766 shares of Pool stock in a transaction on Monday, August 27th. The shares were sold at an average price of $162.96, for a total transaction of $939,627.36. Following the completion of the sale, the director now owns 23,246 shares of the company’s stock, valued at approximately $3,788,168.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Arthur D. Cook sold 2,000 shares of Pool stock in a transaction on Friday, August 24th. The shares were sold at an average price of $161.00, for a total transaction of $322,000.00. Following the sale, the insider now directly owns 55,357 shares of the company’s stock, valued at approximately $8,912,477. The disclosure for this sale can be found here. Insiders have sold a total of 17,766 shares of company stock valued at $2,902,727 in the last three months. Company insiders own 6.00% of the company’s stock.

Large investors have recently modified their holdings of the business. Morgan Stanley lifted its stake in shares of Pool by 175.9% in the 3rd quarter. Morgan Stanley now owns 173,252 shares of the specialty retailer’s stock valued at $28,913,000 after purchasing an additional 110,457 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Pool by 16,320.5% in the 3rd quarter. Rehmann Capital Advisory Group now owns 51,232 shares of the specialty retailer’s stock valued at $307,000 after purchasing an additional 50,920 shares during the last quarter. Paradigm Asset Management Co. LLC acquired a new stake in shares of Pool in the 3rd quarter valued at $100,000. Teachers Advisors LLC lifted its stake in shares of Pool by 4.7% in the 3rd quarter. Teachers Advisors LLC now owns 52,542 shares of the specialty retailer’s stock valued at $8,768,000 after purchasing an additional 2,350 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Pool by 5.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 9,756 shares of the specialty retailer’s stock valued at $1,628,000 after purchasing an additional 535 shares during the last quarter. 94.79% of the stock is owned by institutional investors.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.

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