Pool Co. (NASDAQ:POOL) Plans Quarterly Dividend of $1.20

Pool Co. (NASDAQ:POOL) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Shareholders of record on Thursday, August 15th will be given a dividend of 1.20 per share by the specialty retailer on Thursday, August 29th. This represents a $4.80 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, August 15th.

Pool has increased its dividend payment by an average of 23.4% annually over the last three years and has raised its dividend every year for the last 14 years. Pool has a payout ratio of 39.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Pool to earn $12.30 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 39.0%.

Pool Stock Up 1.1 %

Shares of Pool stock opened at $347.90 on Wednesday. Pool has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $335.01 and its 200 day moving average is $366.07. The company has a market cap of $13.33 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 2.61 and a beta of 1.00.

Pool (NASDAQ:POOL) last announced its earnings results 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 during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $5.89 EPS. Research analysts anticipate that Pool will post 10.95 EPS for the current year.

Analysts Set New Price Targets

POOL has been the topic of several research reports. The Goldman Sachs Group raised their target price on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Stephens dropped their price objective on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. Loop Capital reduced their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a report on Tuesday, June 25th. Robert W. Baird lifted their price target on shares of Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company upped their price objective on Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Pool presently has a consensus rating of “Hold” and an average price target of $347.22.

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.