Brokerages Set Pool Co. (NASDAQ:POOL) Price Target at $347.22

Pool Co. (NASDAQ:POOL) has earned an average rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $347.22.

Several research firms recently weighed in on POOL. Loop Capital cut their price objective on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. Wells Fargo & Company upped their price objective on Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Oppenheimer upped their price target on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Stephens reduced their price objective on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. Finally, StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th.

Pool Price Performance

Shares of POOL stock opened at $346.10 on Friday. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $13.27 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 2.53 and a beta of 1.00. The firm’s 50 day moving average is $335.00 and its 200-day moving average is $364.96. Pool has a 1 year low of $293.51 and a 1 year high of $422.73.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.90 by $0.09. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.89 earnings per share. Sell-side analysts forecast that Pool will post 10.95 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be issued a $1.20 dividend. The ex-dividend date is Thursday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.39%. Pool’s payout ratio is 37.56%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Regal Investment Advisors LLC grew its stake in shares of Pool by 31.8% during the 2nd quarter. Regal Investment Advisors LLC now owns 713 shares of the specialty retailer’s stock valued at $219,000 after purchasing an additional 172 shares during the period. Wallace Advisory Group LLC grew its position in shares of Pool by 3.9% during the 2nd quarter. Wallace Advisory Group LLC now owns 1,369 shares of the specialty retailer’s stock valued at $421,000 after acquiring an additional 52 shares during the period. Magnolia Capital Advisors LLC grew its position in shares of Pool by 8.9% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 683 shares of the specialty retailer’s stock valued at $210,000 after acquiring an additional 56 shares during the period. Ascent Group LLC increased its stake in shares of Pool by 17.6% in the 2nd quarter. Ascent Group LLC now owns 1,511 shares of the specialty retailer’s stock worth $464,000 after purchasing an additional 226 shares in the last quarter. Finally, SkyView Investment Advisors LLC bought a new position in Pool in the 2nd quarter worth $308,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

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.