Pool Corporation (NASDAQ:POOL) had its price objective boosted by Wedbush from $109.00 to $120.00 in a research note released on Tuesday morning. Wedbush currently has an outperform rating on the stock.
Separately, Zacks Investment Research upgraded shares of Pool Corporation from a hold rating to a buy rating and set a $111.00 target price for the company in a research report on Tuesday, November 15th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Pool Corporation has a consensus rating of Buy and an average target price of $104.25.
Pool Corporation (NASDAQ:POOL) opened at 110.22 on Tuesday. Pool Corporation has a 52-week low of $76.26 and a 52-week high of $110.59. The company has a market capitalization of $4.56 billion, a P/E ratio of 32.04 and a beta of 0.88. The firm has a 50-day moving average of $105.97 and a 200 day moving average of $100.16.
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Several large investors have recently made changes to their positions in the stock. Stifel Financial Corp raised its stake in shares of Pool Corporation by 1.7% in the second quarter. Stifel Financial Corp now owns 9,174 shares of the company’s stock worth $863,000 after buying an additional 155 shares in the last quarter. Amalgamated Bank raised its stake in shares of Pool Corporation by 48.1% in the second quarter. Amalgamated Bank now owns 7,075 shares of the company’s stock worth $709,000 after buying an additional 2,298 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Pool Corporation during the second quarter worth about $265,000. Paloma Partners Management Co raised its stake in shares of Pool Corporation by 3,146.3% in the second quarter. Paloma Partners Management Co now owns 103,266 shares of the company’s stock worth $9,710,000 after buying an additional 100,085 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new stake in shares of Pool Corporation during the second quarter worth about $8,980,000. 91.32% of the stock is 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 also a distributor of irrigation and landscape products in the United States. The Company operates over 340 sales centers in North America, Europe, South America and Australia through its over four distribution networks, such as SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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