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

Shares of Pool Co. (NASDAQ:POOL) have received an average rating of “Hold” from the nine analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $350.00.

Several equities analysts have recently issued reports on POOL shares. Bank of America lowered their price target on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Stephens dropped their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 25th. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Oppenheimer lifted their price target on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus raised their price objective on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research note on Friday, August 30th.

Pool Stock Up 0.7 %

Shares of Pool stock opened at $358.49 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. Pool has a 1-year low of $293.51 and a 1-year high of $422.73. The business’s fifty day moving average price is $345.49 and its two-hundred day moving average price is $360.16. The company has a market capitalization of $13.74 billion, a P/E ratio of 28.05, a PEG ratio of 2.54 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 for the quarter, topping the consensus estimate of $4.90 by $0.09. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.89 earnings per share. As a group, research analysts forecast that Pool will post 10.99 EPS for the current year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s payout ratio is 37.56%.

Institutional Investors Weigh In On Pool

A number of institutional investors have recently bought and sold shares of POOL. Private Advisor Group LLC increased its stake in shares of Pool by 21.4% in the fourth quarter. Private Advisor Group LLC now owns 1,071 shares of the specialty retailer’s stock worth $427,000 after acquiring an additional 189 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Pool during the 4th quarter worth about $180,000. BNP Paribas Financial Markets lifted its holdings in shares of Pool by 9.4% during the 4th quarter. BNP Paribas Financial Markets now owns 44,628 shares of the specialty retailer’s stock valued at $17,794,000 after buying an additional 3,853 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of Pool by 14,183.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 857 shares of the specialty retailer’s stock valued at $342,000 after buying an additional 851 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Pool in the fourth quarter worth approximately $650,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.