Pool Co. to Issue Quarterly Dividend of $1.20 (NASDAQ:POOL)

Pool Co. (NASDAQ:POOL) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Wednesday, November 13th will be given a dividend of 1.20 per share by the specialty retailer on Wednesday, November 27th. This represents a $4.80 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Wednesday, November 13th.

Pool has increased its dividend payment by an average of 23.4% per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Pool has a payout ratio of 39.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pool to earn $12.04 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 39.9%.

Pool Price Performance

Shares of NASDAQ POOL opened at $361.64 on Friday. 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 firm’s 50-day simple moving average is $360.80 and its 200 day simple moving average is $352.76. The stock has a market cap of $13.84 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 2.21 and a beta of 1.01. Pool has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

Pool (NASDAQ:POOL) last announced its 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. 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 analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Pool’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, research analysts anticipate that Pool will post 11.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Oppenheimer boosted their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday. Stifel Nicolaus upped their target price on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a report on Monday. Robert W. Baird lifted their price target on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Loop Capital upped their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Pool currently has an average rating of “Hold” and an average target price of $369.11.

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.