Brokerages Set Pool Co. (NASDAQ:POOL) PT at $350.00

Pool Co. (NASDAQ:POOL) has earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $354.44.

POOL has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday. Bank of America dropped their price objective on Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a report on Tuesday, June 25th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research report on Tuesday. Oppenheimer upped their price objective on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Loop Capital decreased their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC grew its position 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 acquiring an additional 33,955 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Pool by 1.3% during the second quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock worth $262,678,000 after purchasing an additional 11,059 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Pool by 9.6% during the first quarter. Wasatch Advisors LP now owns 525,004 shares of the specialty retailer’s stock worth $211,839,000 after purchasing an additional 45,953 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Pool by 26.6% in the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after buying an additional 90,951 shares during the period. Finally, American Century Companies Inc. raised its holdings in Pool by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock valued at $132,244,000 after buying an additional 37,598 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Stock Performance

NASDAQ POOL opened at $365.74 on Monday. The stock has a market cap of $14.02 billion, a PE ratio of 28.62, a P/E/G ratio of 2.73 and a beta of 1.01. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. The firm has a 50-day moving average of $356.21 and a 200-day moving average of $356.07. Pool has a 52-week low of $293.51 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm earned $5.89 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that Pool will post 10.99 EPS for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.31%. Pool’s payout ratio is currently 37.56%.

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.