Loop Capital Lowers Pool (NASDAQ:POOL) Price Target to $370.00

Pool (NASDAQ:POOL) had its target price cut by Loop Capital from $415.00 to $370.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

Several other research analysts have also recently issued reports on the company. Oppenheimer dropped their price target on Pool from $436.00 to $416.00 and set an outperform rating on the stock in a report on Monday, April 29th. TheStreet cut Pool from a b rating to a c+ rating in a report on Thursday, February 22nd. Finally, Stifel Nicolaus dropped their price target on Pool from $370.00 to $360.00 and set a hold rating on the stock in a report on Monday, April 29th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $382.80.

Pool Price Performance

Shares of NASDAQ:POOL opened at $337.89 on Tuesday. Pool has a 12 month low of $308.45 and a 12 month high of $422.73. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 3.56 and a beta of 1.02. The stock’s 50 day moving average price is $363.12 and its 200 day moving average price is $379.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. Pool’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.46 EPS. Equities research analysts anticipate that Pool will post 13.02 earnings per share for the current fiscal year.

Pool Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.42%. This is a boost from Pool’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, May 15th. Pool’s payout ratio is presently 37.56%.

Hedge Funds Weigh In On Pool

Several institutional investors and hedge funds have recently added to or reduced their stakes in POOL. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Pool during the 4th quarter valued at $28,000. Stuart Chaussee & Associates Inc. grew its holdings in shares of Pool by 250.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 55 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Pool during the 4th quarter valued at $34,000. Lindbrook Capital LLC grew its holdings in shares of Pool by 73.7% during the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 42 shares in the last quarter. Finally, VisionPoint Advisory Group LLC grew its holdings in shares of Pool by 11,800.0% during the 4th quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 118 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.