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

Shares of Pool Co. (NASDAQ:POOL) have been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $369.11.

Several equities analysts recently weighed in on POOL shares. Stifel Nicolaus boosted their price objective on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Wells Fargo & Company upped their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Loop Capital raised their price objective on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Oppenheimer upped their target price on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, Robert W. Baird raised their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th.

Pool Stock Up 6.4 %

POOL opened at $390.03 on Tuesday. The firm has a market cap of $14.84 billion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The business has a 50 day moving average price of $365.93 and a 200 day moving average price of $352.20. Pool has a twelve month low of $293.51 and a twelve month high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. Pool’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.50 EPS. Research analysts forecast that Pool will post 11 EPS for the current year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Wednesday, November 13th. Pool’s payout ratio is 41.31%.

Institutional Trading of Pool

Large investors have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Pool by 1.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock worth $646,291,000 after buying an additional 33,955 shares in the last quarter. Geode Capital Management LLC increased its holdings in Pool by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer’s stock valued at $362,196,000 after purchasing an additional 6,232 shares in the last quarter. Blair William & Co. IL raised its position in Pool by 1.3% in the 2nd quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock valued at $262,678,000 after purchasing an additional 11,059 shares during the last quarter. Wasatch Advisors LP raised its position in Pool by 0.6% in the 3rd quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer’s stock valued at $213,020,000 after purchasing an additional 3,428 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Pool by 26.6% in the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock worth $133,125,000 after purchasing an additional 90,951 shares in the last quarter. 98.99% of the stock is currently owned by 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.