Analysts Set Pool Co. (NASDAQ:POOL) Target Price at $369.11

Pool Co. (NASDAQ:POOL) has been assigned a consensus rating of “Hold” from the nine analysts that are covering the firm, MarketBeat.com reports. One research 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 twelve-month price objective among analysts that have covered the stock in the last year is $369.11.

Several research firms have issued reports on POOL. Robert W. Baird boosted their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a report on Saturday. Stifel Nicolaus boosted their price objective on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group increased their target price on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Oppenheimer upped their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th.

Pool Trading Up 0.4 %

Shares of POOL opened at $363.06 on Friday. Pool has a twelve month low of $293.51 and a twelve month high of $422.73. The firm has a market capitalization of $13.82 billion, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 2.19 and a beta of 1.01. 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 stock’s fifty day simple moving average is $361.17 and its 200 day simple moving average is $352.55.

Pool (NASDAQ:POOL) last released 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. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the business posted $3.50 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Pool will post 11.01 earnings per share for the current year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s payout ratio is currently 41.31%.

Hedge Funds Weigh In On Pool

A number of hedge funds have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Pool by 1.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock valued at $646,291,000 after acquiring an additional 33,955 shares during the period. Blair William & Co. IL boosted its position in Pool by 1.3% during 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 period. Bank of New York Mellon Corp boosted its position 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 valued at $133,125,000 after purchasing an additional 90,951 shares during the period. American Century Companies Inc. grew its stake in Pool by 9.6% during the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock worth $132,244,000 after buying an additional 37,598 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Pool by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 343,382 shares of the specialty retailer’s stock worth $105,531,000 after buying an additional 12,152 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.