Pool Co. (NASDAQ:POOL) Receives $369.11 Average PT from Analysts

Shares of Pool Co. (NASDAQ:POOL) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $369.11.

Several brokerages have recently weighed in on POOL. Robert W. Baird upped their price objective on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Loop Capital boosted their target price on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company boosted their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Oppenheimer increased their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Empower Advisory Group LLC grew its position in Pool by 5.5% during the third quarter. Empower Advisory Group LLC now owns 179,808 shares of the specialty retailer’s stock valued at $67,752,000 after buying an additional 9,359 shares during the period. Bancreek Capital Management LP grew its holdings in Pool by 11.9% during the third quarter. Bancreek Capital Management LP now owns 17,665 shares of the specialty retailer’s stock valued at $6,656,000 after purchasing an additional 1,881 shares during the period. Geneva Capital Management LLC increased its position in Pool by 3.0% in the third quarter. Geneva Capital Management LLC now owns 91,822 shares of the specialty retailer’s stock worth $34,599,000 after buying an additional 2,662 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Pool by 4.1% in the third quarter. Victory Capital Management Inc. now owns 29,605 shares of the specialty retailer’s stock valued at $11,155,000 after buying an additional 1,173 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Pool during the 3rd quarter valued at $1,129,000. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

POOL stock opened at $369.29 on Friday. The firm has a market cap of $14.05 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $361.58 and a 200-day moving average price of $352.58. Pool has a 1-year low of $293.51 and a 1-year high of $422.73.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.50 earnings per share. As a group, equities research analysts expect that Pool will post 11.01 earnings per share for the current year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.30%. Pool’s dividend payout ratio is currently 41.31%.

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.