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Berenberg Bank Sticks to Their Buy Rating for Pool (POOL)

Berenberg Bank analyst Alexander Leach maintained a Buy rating on Pool (POOLResearch Report) today and set a price target of $557.00. The company’s shares closed last Thursday at $452.72.

According to TipRanks.com, Leach is ranked #5721 out of 7805 analysts.

Pool has an analyst consensus of Moderate Buy, with a price target consensus of $554.00, implying a 19.1% upside from current levels. In a report issued on February 9, Robert W. Baird also maintained a Buy rating on the stock with a $555.00 price target.

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Based on Pool’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.41 billion and net profit of $185 million. In comparison, last year the company earned revenue of $1.14 billion and had a net profit of $119 million.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of POOL in relation to earlier this year. Most recently, in November 2021, Manuel Perez De La Mesa, the Vice Chairman of POOL sold 22,021 shares for a total of $12,734,360.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also offers non-discretionary pool maintenance products such as chemicals and replacement parts; discretionary products like packaged pool kits, whole goods, irrigation, and landscape products, including a complete line of commercial and residential irrigation products and parts, power equipment for the professional landscape market; specialty products such as outdoor lighting, grills, and outdoor kitchen components; and golf irrigation and water management products. The company was founded in 1993 and is headquartered in Covington, LA.

Read More on POOL:

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