Pool Co. (NASDAQ:POOL) Receives Average Recommendation of “Hold” from Analysts

Shares of Pool Co. (NASDAQ:POOL) have earned a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $347.22.

A number of research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday. Robert W. Baird lifted their target price on Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research note on Friday. Bank of America cut their target price on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 25th. Stephens cut their target price on Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. Finally, The Goldman Sachs Group lifted their target price on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday.

Institutional Trading of Pool

A number of hedge funds and other institutional investors have recently modified their holdings of POOL. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Pool during the fourth quarter valued at $28,000. Stuart Chaussee & Associates Inc. lifted its holdings in shares of Pool by 250.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 55 shares during the last quarter. CVA Family Office LLC purchased a new stake in shares of Pool during the fourth quarter valued at $34,000. Lindbrook Capital LLC lifted its holdings in shares of Pool by 73.7% during the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 42 shares during the last quarter. Finally, VisionPoint Advisory Group LLC lifted its holdings in shares of Pool by 11,800.0% during the fourth quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Trading Up 3.3 %

NASDAQ:POOL opened at $371.82 on Wednesday. Pool has a 12-month low of $293.51 and a 12-month high of $422.73. The firm has a market capitalization of $14.25 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.71 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.56. The business has a 50 day simple moving average of $336.23 and a 200 day simple moving average of $368.38.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm posted $5.89 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts predict that Pool will post 11.04 EPS for the current year.

Pool Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, May 15th. This is an increase from Pool’s previous quarterly dividend of $1.10. Pool’s payout ratio is currently 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.