Pool Co. (NASDAQ:POOL) Receives $369.11 Average Target Price from Brokerages

Shares of Pool Co. (NASDAQ:POOL) have been assigned an average rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $369.11.

A number of equities analysts recently weighed in on POOL shares. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Oppenheimer upped their price target on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Loop Capital lifted their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Stifel Nicolaus upped their target price on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company lifted their price target on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th.

Pool Trading Down 0.5 %

Pool stock opened at $376.83 on Tuesday. 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. The business’s fifty day simple moving average is $366.85 and its two-hundred day simple moving average is $352.52. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 2.37 and a beta of 1.01.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. Pool’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.50 EPS. As a group, equities analysts predict that Pool will post 10.98 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders 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 dividend on an annualized basis and a yield of 1.27%. Pool’s dividend payout ratio is currently 41.31%.

Institutional Investors Weigh In On Pool

A number of hedge funds have recently modified their holdings of POOL. Brooklyn Investment Group bought a new position in Pool in the 3rd quarter worth $31,000. Tortoise Investment Management LLC increased its position in Pool by 68.9% in the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after buying an additional 79 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Pool in the third quarter worth about $60,000. Finally, UMB Bank n.a. lifted its position in shares of Pool by 26.2% during the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after buying an additional 43 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

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.