Pool Co. (NASDAQ:POOL) Receives $350.00 Consensus Price Target from Analysts

Shares of Pool Co. (NASDAQ:POOL) have been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $350.00.

POOL has been the topic of several research analyst reports. Stephens decreased their target price on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 25th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Oppenheimer upped their price objective on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Stifel Nicolaus boosted their price objective on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Finally, Bank of America lowered their price objective on Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th.

Institutional Trading of Pool

Institutional investors have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Pool by 1.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock worth $646,291,000 after acquiring an additional 33,955 shares in the last quarter. Blair William & Co. IL lifted its holdings in Pool by 1.3% in the second quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock worth $262,678,000 after acquiring an additional 11,059 shares during the last quarter. Wasatch Advisors LP boosted its stake in Pool by 9.6% in the first quarter. Wasatch Advisors LP now owns 525,004 shares of the specialty retailer’s stock valued at $211,839,000 after acquiring an additional 45,953 shares during the period. Bank of New York Mellon Corp boosted its stake in Pool by 26.6% in the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after acquiring an additional 90,951 shares during the period. Finally, American Century Companies Inc. lifted its stake in Pool by 9.6% in the second quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock valued at $132,244,000 after buying an additional 37,598 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Trading Up 2.8 %

NASDAQ POOL opened at $356.02 on Thursday. Pool has a 52 week low of $293.51 and a 52 week high of $422.73. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $13.62 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00. The firm has a 50 day moving average of $344.41 and a two-hundred day moving average of $360.88.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, beating analysts’ consensus estimates of $4.90 by $0.09. The business had revenue of $1.77 billion during 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 business’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $5.89 earnings per share. As a group, research analysts expect that Pool will post 10.99 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s dividend payout ratio (DPR) is 37.56%.

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.