Pool (NASDAQ:POOL) Price Target Raised to $335.00 at Stifel Nicolaus

Pool (NASDAQ:POOL) had its price target boosted by Stifel Nicolaus from $310.00 to $335.00 in a report released on Friday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the specialty retailer’s stock.

Several other research analysts have also recently issued reports on the company. Stephens dropped their target price on Pool from $425.00 to $350.00 and set an overweight rating on the stock in a research report on Tuesday, June 25th. Bank of America cut their target price on shares of Pool from $338.00 to $290.00 and set an underperform rating for the company in a research report on Tuesday, June 25th. Wells Fargo & Company increased their price target on shares of Pool from $285.00 to $330.00 and gave the stock an equal weight rating in a research report on Friday, July 26th. Oppenheimer boosted their price objective on shares of Pool from $356.00 to $380.00 and gave the company an outperform rating in a research report on Friday, July 26th. Finally, Loop Capital reduced their price objective on Pool from $370.00 to $305.00 and set a hold rating for the company in a research note on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $350.00.

Pool Price Performance

POOL opened at $351.62 on Friday. The company’s 50-day simple moving average is $336.93 and its two-hundred day simple moving average is $363.57. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. The stock has a market capitalization of $13.48 billion, a P/E ratio of 27.51, a P/E/G ratio of 2.53 and a beta of 1.00. Pool has a 52-week low of $293.51 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.09. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company posted $5.89 earnings per share. As a group, analysts predict that Pool will post 10.98 EPS for the current year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $1.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.37%. Pool’s payout ratio is 37.56%.

Institutional Trading of Pool

Several institutional investors and hedge funds have recently added to or reduced their stakes in POOL. International Assets Investment Management LLC grew its holdings in Pool by 30,047.2% during the 4th quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock valued at $73,322,000 after buying an additional 183,288 shares in the last quarter. Mather Group LLC. purchased a new position in Pool during the fourth quarter valued at $201,000. Kestra Private Wealth Services LLC bought a new stake in Pool in the 4th quarter valued at $461,000. Savant Capital LLC purchased a new stake in Pool in the 4th quarter worth $217,000. Finally, Natixis Advisors L.P. boosted its holdings in shares of Pool by 3.3% during the 4th quarter. Natixis Advisors L.P. now owns 30,550 shares of the specialty retailer’s stock valued at $12,180,000 after purchasing an additional 978 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

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.