Pool Co. (NASDAQ:POOL) Receives $328.00 Average Target Price from Analysts

Shares of Pool Co. (NASDAQ:POOL) have earned a consensus rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $328.00.

Several research analysts have weighed in on the company. Stifel Nicolaus lowered their price target on Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Oppenheimer dropped their price target on shares of Pool from $416.00 to $356.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Robert W. Baird cut their price target on shares of Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a research note on Tuesday, June 25th. Bank of America lowered their price objective on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 25th. Finally, Stephens cut their target price on shares of Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th.

Pool Price Performance

NASDAQ POOL opened at $307.69 on Friday. The firm’s 50 day moving average is $354.21 and its 200-day moving average is $377.43. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $11.79 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00. Pool has a 12-month low of $299.24 and a 12-month high of $422.73.

Pool (NASDAQ:POOL) last issued 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). Pool had a net margin of 9.17% and a return on equity of 35.49%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the firm posted $2.46 earnings per share. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. Equities research analysts anticipate that Pool will post 10.94 earnings per share for the current fiscal year.

Pool Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a $1.20 dividend. This is an increase from Pool’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, May 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.56%. Pool’s dividend payout ratio is presently 37.56%.

Institutional Investors Weigh In On Pool

Hedge funds and other institutional investors have recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new position in Pool during the 4th quarter worth $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 worth $31,000 after purchasing an additional 55 shares in the last quarter. CVA Family Office LLC bought a new position in shares of Pool in the fourth quarter worth $34,000. Lindbrook Capital LLC raised its stake in Pool by 73.7% in the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 42 shares in the last quarter. Finally, VisionPoint Advisory Group LLC lifted its position in Pool by 11,800.0% during the fourth quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.