Pool Stock (Pool) Receives Brokers’ Consensus Recommendation of “Hold”

Pool-Stock

Pool stock (NASDAQ:POOL) has gotten an average rating of “Moderate Buy” from the thirteen analysts that are now following the company. 

Five research analysts gave the stock a hold rating, while five gave it a buy recommendation. The average twelve-month price estimate set by brokerages in the previous year is $446.80.

Market Analysis

Several research companies have recently published papers about POOL. Pool stock (NASDAQ:POOL) was downgraded from “outperform” to “neutral” by Robert W. Baird, who set a $398.00 price objective for the business. In a research study on Thursday, July 14th, Pool stock was first covered by StockNews.com in a research report on Wednesday. They assigned the stock a “hold” rating. 

In a research report issued on Thursday, July 28th, KeyCorp reduced their price objective on Pool stock from $570.00 to $465.00 and gave the company an “overweight” rating. Stephens reduced their price target on Pool shares to $400.00 in a research report on Tuesday, July 26th. Finally, in a research report issued on Thursday, June 23rd, The Goldman Sachs Group reduced their price target on Pool’s shares from $560.00 to $450.00 and gave the company a “buy” rating.

POOL Stock: Insider Trading

In other Pool stock (NASDAQ:POOL) news, CFO Hart Melanie Housey sold 2,500 shares of the company’s stock on Friday, August 12th. The shares were sold for a total of $960,025.00 at an average price of $384.01. The sale results in the chief financial officer owning 10,721 shares of the company’s stock, valued at $4,116,971.21. The transaction was revealed in a legal file with the Securities and Exchange Commission, which is accessible on the SEC website. Insiders hold 3.00% of the stock in the business.

Pool Stock Performance

Pool stock (NASDAQ:POOL) started at $317.12 on Thursday. The company’s 50-day moving average is $347.56, and its 200-day moving average is $375.45. The debt-to-equity ratio is 1.28, the current ratio is 2.77, and the quick ratio is 1.00. Pool stock (NASDAQ:POOL) has a market capitalization of $12.56 billion, a P/E ratio of 16.49, a PEG ratio of 1.74, and a beta of 0.88. Pool’s one-year low is $308.74, and its one-year high is $582.27.

Pool (NASDAQ:POOL) most recently reported quarterly earnings on Thursday, July 21st. The specialty retailer announced $7.59 EPS for the quarter, $0.19 more than analysts’ expected forecasts of $7.40. During the quarter, sales were $2.06 billion, compared to analyst projections of $2.13 billion. Pool had a 13.17% net margin and a 68.34% return on equity. Compared to the previous year’s quarter, the company’s sales increased by 15.0%. The company earned $6.37 per share over the same time the previous year. According to equity research experts, Pool is expected to earn $18.5 per share this year.

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About the author: Okoro Chinedu is a freelance writer specializing in health and finance, with a keen interest in cryptocurrency and blockchain technology. He has worked in content creation and digital journalism. Since 2019, he has written on various online platforms, and his work has been recognized by several important media sources and specialists in finance and crypto. In addition to writing, Chinedu enjoys reading, playing football, posing as a medical student, and traveling.