Pool Co. (NASDAQ:POOL) Given Consensus Recommendation of “Hold” by Analysts

Shares of Pool Co. (NASDAQ:POOL) have earned an average rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $369.25.

POOL has been the subject of a number of research reports. Oppenheimer raised their price target on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Robert W. Baird increased their price target on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Loop Capital boosted their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus upped their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th.

Pool Stock Up 2.4 %

Shares of NASDAQ:POOL opened at $349.04 on Friday. Pool has a 1 year low of $293.51 and a 1 year high of $422.73. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The business’s 50-day moving average is $366.41 and its 200-day moving average is $352.77. The company has a market capitalization of $13.28 billion, a price-to-earnings ratio of 30.04, a P/E/G ratio of 2.20 and a beta of 1.01.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.50 earnings per share. Equities research analysts predict that Pool will post 11.02 earnings per share for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.38%. Pool’s dividend payout ratio (DPR) is currently 41.31%.

Hedge Funds Weigh In On Pool

Several large investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC lifted its position in shares of Pool by 44.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock worth $81,981,000 after buying an additional 66,791 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Pool during the third quarter valued at approximately $765,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Pool during the third quarter valued at approximately $217,000. Tidal Investments LLC lifted its holdings in Pool by 57.8% during the third quarter. Tidal Investments LLC now owns 6,661 shares of the specialty retailer’s stock worth $2,510,000 after acquiring an additional 2,441 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Pool in the third quarter worth $60,000. 98.99% of the stock is currently owned by 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.