Pool (NASDAQ:POOL) Price Target Lowered to $350.00 at Stephens

Pool (NASDAQ:POOL) had its price objective decreased by Stephens from $425.00 to $350.00 in a report issued on Tuesday morning, Benzinga reports. Stephens currently has an overweight rating on the specialty retailer’s stock.

Several other analysts also recently weighed in on POOL. Stifel Nicolaus decreased their price target on shares of Pool from $370.00 to $360.00 and set a hold rating for the company in a research note on Monday, April 29th. Loop Capital decreased their price target on shares of Pool from $415.00 to $370.00 and set a hold rating for the company in a research note on Tuesday, June 18th. Oppenheimer decreased their price target on shares of Pool from $416.00 to $356.00 and set an outperform rating for the company in a research note on Tuesday. Wells Fargo & Company reduced their price objective on shares of Pool from $360.00 to $290.00 and set an equal weight rating for the company in a research note on Tuesday. Finally, Robert W. Baird reduced their price objective on shares of Pool from $380.00 to $305.00 and set a neutral rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $328.00.

Pool Trading Down 8.0 %

Shares of Pool stock opened at $310.74 on Tuesday. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 3.52 and a beta of 1.02. The business has a 50-day moving average price of $358.60 and a 200-day moving average price of $379.08. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. Pool has a twelve month low of $299.24 and a twelve month high of $422.73.

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

Pool Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a $1.20 dividend. This is a positive change from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Wednesday, May 15th. Pool’s payout ratio is currently 37.56%.

Hedge Funds Weigh In On Pool

Several institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in Pool by 4.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,458 shares of the specialty retailer’s stock worth $588,000 after purchasing an additional 61 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Pool by 4.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 29,893 shares of the specialty retailer’s stock valued at $12,292,000 after buying an additional 1,349 shares during the last quarter. Aurora Investment Counsel grew its holdings in shares of Pool by 0.7% during the first quarter. Aurora Investment Counsel now owns 4,988 shares of the specialty retailer’s stock valued at $2,013,000 after buying an additional 37 shares during the last quarter. EULAV Asset Management grew its holdings in shares of Pool by 10.3% during the first quarter. EULAV Asset Management now owns 187,261 shares of the specialty retailer’s stock valued at $75,560,000 after buying an additional 17,500 shares during the last quarter. Finally, Cetera Advisors LLC grew its holdings in shares of Pool by 123.9% during the first quarter. Cetera Advisors LLC now owns 1,939 shares of the specialty retailer’s stock valued at $782,000 after buying an additional 1,073 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Company Profile

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.