Berenberg Says Its Time To Hold Pool (NASDAQ:POOL). Will Stock Hit Their Target of $157?

June 21, 2018 - By Clifton Ray

Pool Corporation (NASDAQ:POOL) Logo

Investors sentiment increased to 1.07 in 2018 Q1. Its up 0.25, from 0.82 in 2017Q4. It is positive, as 16 investors sold Pool Corporation shares while 112 reduced holdings. 46 funds opened positions while 91 raised stakes. 36.18 million shares or 0.23% more from 36.10 million shares in 2017Q4 were reported.

Manufacturers Life Insur Communications The holds 64,901 shares. Waters Parkerson And Limited Liability Corporation accumulated 2,950 shares or 0.04% of the stock. Rice Hall James & Assoc Limited Liability Company stated it has 333,226 shares or 1.9% of all its holdings. Moreover, Wells Fargo Mn has 0.02% invested in Pool Corporation (NASDAQ:POOL) for 480,139 shares. Zebra Cap Limited Liability Com has 0.47% invested in Pool Corporation (NASDAQ:POOL) for 9,020 shares. Laurion Cap Mngmt Limited Partnership has invested 0% in Pool Corporation (NASDAQ:POOL). Ellington Grp Ltd Liability reported 0.03% of its portfolio in Pool Corporation (NASDAQ:POOL). Kj Harrison & Prtnrs reported 0.24% in Pool Corporation (NASDAQ:POOL). Lincoln owns 0.01% invested in Pool Corporation (NASDAQ:POOL) for 2,682 shares. New York-based Blackrock Incorporated has invested 0.02% in Pool Corporation (NASDAQ:POOL). Eagle Asset holds 0.92% of its portfolio in Pool Corporation (NASDAQ:POOL) for 1.16 million shares. Panagora Asset has invested 0% in Pool Corporation (NASDAQ:POOL). Utah Retirement Sys reported 7,200 shares stake. Barclays Public Ltd Com invested in 0% or 7,012 shares. Aqr Management Ltd Liability Com holds 0.01% or 37,477 shares.

Since February 20, 2018, it had 0 buys, and 10 insider sales for $31.80 million activity. Shares for $4.11 million were sold by PEREZ DE LA MESA MANUEL J. Joslin Mark W also sold $1.95M worth of Pool Corporation (NASDAQ:POOL) on Friday, May 11. STOKELY JOHN E also sold $1.48M worth of Pool Corporation (NASDAQ:POOL) shares. NEIL JENNIFER M also sold $824,095 worth of Pool Corporation (NASDAQ:POOL) on Thursday, April 26. Another trade for 48,000 shares valued at $7.10 million was sold by COOK ARTHUR D. 3,500 shares were sold by HOUSEY HART MELANIE, worth $517,821.

Why Has Berenberg Given Pool (NASDAQ:POOL) a $157 Price Target

Berenberg began its coverage for Pool (NASDAQ:POOL), this morning Wednesday, 20 June. The broker found the stock of POOL quite attractive and now has a price target of $157 with a key Hold rating.

Pool Corporation (NASDAQ:POOL) Ratings Coverage

Among 2 analysts covering Pool Corp (NASDAQ:POOL), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Pool Corp has $160.0 highest and $158.0 lowest target. $159’s average target is 1.36% above currents $156.86 stock price. Pool Corp had 2 analyst reports since February 15, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, February 15 by Robert W. Baird. The firm earned “Hold” rating on Thursday, February 15 by Stephens.

The stock increased 1.47% or $2.27 during the last trading session, reaching $156.86. About 191,404 shares traded. Pool Corporation (NASDAQ:POOL) has risen 20.11% since June 21, 2017 and is uptrending. It has outperformed by 7.54% the S&P500.

Analysts await Pool Corporation (NASDAQ:POOL) to report earnings on July, 19. They expect $2.84 EPS, up 28.51 % or $0.63 from last year’s $2.21 per share. POOL’s profit will be $114.93 million for 13.81 P/E if the $2.84 EPS becomes a reality. After $0.75 actual EPS reported by Pool Corporation for the previous quarter, Wall Street now forecasts 278.67 % EPS growth.

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. The company has market cap of $6.35 billion. The firm 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. It has a 33 P/E ratio. It also provides building materials for use in pool installations and remodeling, including concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones; and commercial products, such as ASME heaters, safety equipment, and commercial pumps and filters.

More notable recent Pool Corporation (NASDAQ:POOL) news were published by: Nasdaq.com which released: “Pool Corporation to Participate in UBS Global Industrials and Transportation Conference” on June 06, 2018, also Globenewswire.com with their article: “Pool Corporation to Participate in Oppenheimer’s 18th Annual Consumer Conference” published on June 12, 2018, Nasdaq.com published: “Pool Corporation to Participate in Deutsche Bank’s Global Industrials & Materials Summit” on May 30, 2018. More interesting news about Pool Corporation (NASDAQ:POOL) were released by: Globenewswire.com and their article: “Pool Corporation to Participate in Citi’s 2018 Small & Mid Cap Conference” published on May 31, 2018 as well as Nasdaq.com‘s news article titled: “Pool Corporation CFO to Present at KeyBanc Capital Markets’ Industrials & Basic Materials Conference” with publication date: May 24, 2018.

Pool Corporation (NASDAQ:POOL) Institutional Positions Chart

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