Pool (NASDAQ:POOL) PT Raised to $380.00

Pool (NASDAQ:POOL) had its price objective lifted by Oppenheimer from $356.00 to $380.00 in a report released on Friday morning, Benzinga reports. They currently have an outperform rating on the specialty retailer’s stock.

POOL has been the subject of several other research reports. Stephens decreased their target price on Pool from $425.00 to $350.00 and set an overweight rating for the company in a research note on Tuesday, June 25th. Wells Fargo & Company lifted their price objective on shares of Pool from $285.00 to $330.00 and gave the stock an equal weight rating in a research note on Friday. Loop Capital dropped their target price on shares of Pool from $370.00 to $305.00 and set a hold rating on the stock in a report on Tuesday, June 25th. The Goldman Sachs Group raised their target price on shares of Pool from $365.00 to $415.00 and gave the stock a buy rating in a report on Friday. Finally, Robert W. Baird upped their price target on Pool from $305.00 to $377.00 and gave the company a neutral rating in a report on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $347.22.

Pool Stock Down 0.7 %

Shares of Pool stock opened at $369.13 on Friday. 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 $336.23 and its two-hundred day moving average price is $368.38. The company has a market capitalization of $14.15 billion, a P/E ratio of 28.88, a PEG ratio of 2.72 and a beta of 1.00.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.09. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The company’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $5.89 earnings per share. As a group, research analysts forecast that Pool will post 11.04 EPS for the current year.

Pool Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a dividend of $1.20 per share. This is an increase from Pool’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, May 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.30%. Pool’s payout ratio is currently 37.56%.

Institutional Investors Weigh In On Pool

Institutional investors have recently bought and sold shares of the business. Blair William & Co. IL lifted its position in shares of Pool by 6.0% in the first quarter. Blair William & Co. IL now owns 843,650 shares of the specialty retailer’s stock worth $340,413,000 after purchasing an additional 47,640 shares in the last quarter. Wasatch Advisors LP increased its stake in Pool by 9.6% in the 1st quarter. Wasatch Advisors LP now owns 525,004 shares of the specialty retailer’s stock valued at $211,839,000 after buying an additional 45,953 shares during the period. Bank of New York Mellon Corp lifted its position in Pool by 26.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock worth $133,125,000 after buying an additional 90,951 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Pool by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 335,844 shares of the specialty retailer’s stock valued at $133,904,000 after buying an additional 8,102 shares during the period. Finally, Baird Financial Group Inc. grew its holdings in shares of Pool by 12.6% during the 4th quarter. Baird Financial Group Inc. now owns 334,839 shares of the specialty retailer’s stock valued at $133,504,000 after acquiring an additional 37,348 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.