Robert W. Baird Believes Pool Corp (NASDAQ: POOL) Still Has Room to Grow

By Carrie Williams

Robert W. Baird analyst David Manthey reiterated a Buy rating on Pool Corp (NASDAQ: POOL) yesterday and set a price target of $158. The company’s shares opened today at $146.75, close to its 52-week high of $149.88.

According to TipRanks.com, Manthey is a 4-star analyst with an average return of 14.5% and a 75.3% success rate. Manthey covers the Services sector, focusing on stocks such as Foundation Building Materials Inc, Houston Wire & Cable Company, and Anixter International Inc.

Pool Corp has an analyst consensus of Moderate Buy, with a price target consensus of $158.

Based on Pool Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $510 million and quarterly net profit of $25.67 million. In comparison, last year the company earned revenue of $445 million and had a net profit of $2.62 million.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2017, Robert Sledd, a Director at POOL sold 7,200 shares for a total of $943,344.

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 provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.