Pool (NASDAQ:POOL) Price Target Increased to $330.00 by Analysts at Wells Fargo & Company

Pool (NASDAQ:POOL) had its price objective hoisted by Wells Fargo & Company from $285.00 to $330.00 in a research note released on Friday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the specialty retailer’s stock.

A number of other research analysts also recently commented on POOL. Oppenheimer reduced their price objective on shares of Pool from $416.00 to $356.00 and set an outperform rating on the stock in a research note on Tuesday, June 25th. Robert W. Baird increased their price target on shares of Pool from $305.00 to $377.00 and gave the stock a neutral rating in a research report on Friday. 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 report on Tuesday, June 25th. Stephens cut their price objective 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, Stifel Nicolaus decreased their target price on Pool from $360.00 to $310.00 and set a hold rating for the company in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $347.22.

Pool Stock Down 0.7 %

Shares of NASDAQ POOL opened at $369.13 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. Pool has a 1 year low of $293.51 and a 1 year high of $422.73. The stock’s 50-day simple moving average is $336.23 and its 200-day simple moving average is $368.38. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 2.72 and a beta of 1.00.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.09. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. Pool’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $5.89 EPS. As a group, equities analysts anticipate that Pool will post 11.04 earnings per share for the current fiscal year.

Pool Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.30%. This is a boost from Pool’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, May 15th. Pool’s dividend payout ratio is presently 37.56%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Taylor Frigon Capital Management LLC increased its position in Pool by 0.8% in the second quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock worth $1,089,000 after buying an additional 28 shares during the period. Wedmont Private Capital grew its position in shares of Pool by 5.4% during the first quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer’s stock worth $236,000 after acquiring an additional 30 shares during the last quarter. Czech National Bank increased its holdings in shares of Pool by 0.4% in the 1st quarter. Czech National Bank now owns 6,805 shares of the specialty retailer’s stock worth $2,746,000 after acquiring an additional 30 shares during the period. TIAA Trust National Association lifted its position in Pool by 4.2% in the 1st quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock valued at $301,000 after purchasing an additional 30 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its stake in Pool by 1.2% during the 4th quarter. Great Lakes Advisors LLC now owns 2,724 shares of the specialty retailer’s stock valued at $1,086,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Company Profile

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.