Pool (NASDAQ:POOL) Given New $370.00 Price Target at Loop Capital

Pool (NASDAQ:POOL) had its price objective lowered by Loop Capital from $415.00 to $370.00 in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a hold rating on the specialty retailer’s stock.

Several other research analysts have also recently issued reports on POOL. Oppenheimer reduced their price objective on Pool from $436.00 to $416.00 and set an outperform rating for the company in a research note on Monday, April 29th. TheStreet cut Pool from a b rating to a c+ rating in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus reduced their price objective on Pool from $370.00 to $360.00 and set a hold rating for the company in a research note on Monday, April 29th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Pool has a consensus rating of Hold and a consensus price target of $382.80.

Pool Price Performance

Shares of POOL stock opened at $337.89 on Tuesday. Pool has a 1-year low of $308.45 and a 1-year high of $422.73. The stock’s 50-day moving average is $363.12 and its 200 day moving average is $379.99. The company has a market cap of $12.95 billion, a P/E ratio of 26.44, a PEG ratio of 3.56 and a beta of 1.02. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56.

Pool (NASDAQ:POOL) last issued 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). Pool had a net margin of 9.17% and a return on equity of 35.49%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the business earned $2.46 EPS. Pool’s revenue for the quarter was down 7.1% compared to the same quarter last year. Research analysts predict that Pool will post 13.02 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. Investors of record on Thursday, May 16th were given a dividend of $1.20 per share. This is a boost from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a yield of 1.42%. The ex-dividend date was Wednesday, May 15th. Pool’s dividend payout ratio (DPR) is currently 37.56%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its holdings in Pool by 2.5% in the third quarter. PNC Financial Services Group Inc. now owns 8,247 shares of the specialty retailer’s stock valued at $2,937,000 after purchasing an additional 200 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Pool by 73.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 15,275 shares of the specialty retailer’s stock worth $5,376,000 after acquiring an additional 6,485 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Pool by 4.1% in the third quarter. Kestra Advisory Services LLC now owns 1,924 shares of the specialty retailer’s stock worth $685,000 after acquiring an additional 76 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Pool by 8.9% in the third quarter. Rafferty Asset Management LLC now owns 4,293 shares of the specialty retailer’s stock worth $1,529,000 after acquiring an additional 352 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of Pool in the third quarter worth approximately $217,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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.