Sidoti Upgrades Pool Corporation (POOL) to Buy

Pool Corporation (NASDAQ:POOL) was upgraded by Sidoti from a “neutral” rating to a “buy” rating in a report issued on Friday.

A number of other brokerages also recently commented on POOL. Zacks Investment Research downgraded Pool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. BidaskClub upgraded Pool Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. Finally, Johnson Rice upgraded Pool Corporation from an “accumulate” rating to a “buy” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $125.67.

Shares of Pool Corporation (POOL) traded up 1.414% during mid-day trading on Friday, hitting $106.525. 131,571 shares of the stock traded hands. Pool Corporation has a one year low of $88.65 and a one year high of $124.26. The company has a market cap of $4.39 billion, a P/E ratio of 27.690 and a beta of 0.92. The stock has a 50 day moving average price of $104.81 and a 200-day moving average price of $115.38.

Pool Corporation (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.03). Pool Corporation had a net margin of 6.15% and a return on equity of 63.34%. The firm had revenue of $988.16 million during the quarter. During the same period last year, the business earned $1.98 EPS. The company’s revenue was up 7.5% on a year-over-year basis. On average, analysts forecast that Pool Corporation will post $4.21 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of POOL. FNY Partners Fund LP acquired a new position in Pool Corporation during the first quarter valued at $126,000. Northwestern Mutual Wealth Management Co. raised its position in Pool Corporation by 1,198.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the specialty retailer’s stock valued at $134,000 after buying an additional 1,055 shares during the period. Huntington National Bank raised its position in Pool Corporation by 27.9% during the second quarter. Huntington National Bank now owns 1,481 shares of the specialty retailer’s stock valued at $174,000 after buying an additional 323 shares during the period. Daiwa Securities Group Inc. acquired a new position in Pool Corporation during the second quarter valued at $188,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Pool Corporation by 13.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,606 shares of the specialty retailer’s stock valued at $189,000 after buying an additional 185 shares during the period. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

Pool Corporation Company Profile

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

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