Pool (NASDAQ:POOL) PT Lowered to $310.00 at Stifel Nicolaus

Pool (NASDAQ:POOL) had its price objective cut by Stifel Nicolaus from $360.00 to $310.00 in a report published on Thursday morning, Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

A number of other equities analysts also recently commented on POOL. Stephens lowered their price objective on Pool from $425.00 to $350.00 and set an overweight rating for the company in a research report on Tuesday, June 25th. Wells Fargo & Company dropped their price objective on shares of Pool from $360.00 to $290.00 and set an equal weight rating on the stock in a research report on Tuesday, June 25th. Loop Capital lowered their price target on Pool from $370.00 to $305.00 and set a hold rating for the company in a report on Tuesday, June 25th. Bank of America cut their price objective on shares of Pool from $338.00 to $290.00 and set an underperform rating on the stock in a report on Tuesday, June 25th. Finally, Oppenheimer dropped their target price on shares of Pool from $416.00 to $356.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Pool currently has an average rating of Hold and a consensus price target of $321.75.

Pool Price Performance

POOL opened at $328.52 on Thursday. The firm has a market cap of $12.59 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 2.42 and a beta of 1.00. Pool has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. The stock’s 50-day moving average price is $339.05 and its 200 day moving average price is $369.61.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The firm’s revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.46 EPS. As a group, sell-side analysts expect that Pool will post 10.95 earnings per share for the current year.

Pool Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.46%. This is a boost from Pool’s previous quarterly dividend of $1.10. Pool’s dividend payout ratio (DPR) is currently 37.56%.

Hedge Funds Weigh In On Pool

Several hedge funds have recently added to or reduced their stakes in POOL. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Pool in the fourth quarter valued at approximately $28,000. Stuart Chaussee & Associates Inc. grew its holdings in Pool by 250.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 55 shares during the last quarter. CVA Family Office LLC purchased a new position in Pool during the fourth quarter worth $34,000. Lindbrook Capital LLC raised its holdings in shares of Pool by 73.7% in the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 42 shares during the last quarter. Finally, VisionPoint Advisory Group LLC lifted its position in shares of Pool by 11,800.0% in the fourth quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 118 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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.