Pool Co. (NASDAQ:POOL) Receives $369.25 Average Target Price from Brokerages

Shares of Pool Co. (NASDAQ:POOL) have earned a consensus recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $369.25.

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research note on Tuesday. Loop Capital boosted their price target on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Oppenheimer raised their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company increased their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th.

Pool Stock Performance

Pool stock opened at $347.84 on Friday. The stock has a market cap of $13.24 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 2.20 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The stock’s 50 day simple moving average is $366.00 and its two-hundred day simple moving average is $352.75. Pool has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the company posted $3.50 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis. As a group, analysts expect that Pool will post 11.02 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Wednesday, November 13th. Pool’s payout ratio is currently 41.31%.

Institutional Investors Weigh In On Pool

Several large investors have recently bought and sold shares of POOL. Brooklyn Investment Group purchased a new stake in shares of Pool during the 3rd quarter valued at about $31,000. Tortoise Investment Management LLC boosted its holdings in Pool by 68.9% in the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 42 shares during the last quarter. Crewe Advisors LLC grew its position in Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Pool during the 3rd quarter valued at $60,000. Finally, UMB Bank n.a. lifted its holdings in shares of Pool by 26.2% during the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after buying an additional 43 shares during the period. 98.99% of the stock is currently owned by institutional investors.

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.