Pool Co. (NASDAQ:POOL) Receives Consensus Rating of “Hold” from Analysts

Pool Co. (NASDAQ:POOL) has been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned 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.

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

Institutional Trading of Pool

Hedge funds have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC increased its stake in Pool by 1.6% during the 2nd 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 during the period. Geode Capital Management LLC increased its position in shares of Pool by 0.7% during the third quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer’s stock worth $362,196,000 after acquiring an additional 6,232 shares during the period. Blair William & Co. IL raised its stake in shares of Pool by 1.3% in the second quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock valued at $262,678,000 after acquiring an additional 11,059 shares in the last quarter. Wasatch Advisors LP boosted its holdings in Pool by 0.6% in the third 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 period. Finally, Bank of New York Mellon Corp grew its stake in Pool by 26.6% during 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 purchasing an additional 90,951 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Up 1.1 %

POOL stock opened at $351.65 on Friday. The company has a market cap of $13.38 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 2.20 and a beta of 1.01. The firm has a 50-day moving average of $365.74 and a two-hundred day moving average of $352.82. Pool has a 12 month low of $293.51 and a 12 month high of $422.73. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.50 earnings per share. As a group, analysts forecast that Pool will post 11.02 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently announced 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. This represents a $4.80 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is 41.31%.

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.