Pool Co. (NASDAQ:POOL) Given Average Rating of “Hold” by Brokerages

Pool Co. (NASDAQ:POOL) has received an average recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $369.11.

POOL has been the subject of several analyst reports. Robert W. Baird lifted their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Oppenheimer increased their price target on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note 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 research note on Friday, October 25th. Finally, Wells Fargo & Company increased their target price on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th.

Pool Stock Up 6.4 %

NASDAQ:POOL opened at $390.03 on Tuesday. The company has a market cap of $14.84 billion, a price-to-earnings ratio of 33.57, a P/E/G ratio of 2.22 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The stock’s fifty day moving average price is $365.93 and its two-hundred day moving average price is $352.20. Pool has a 52-week low of $293.51 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.50 earnings per share. On average, analysts anticipate that Pool will post 11 EPS for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 1.23%. Pool’s payout ratio is 41.31%.

Institutional Trading of Pool

A number of large investors have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC lifted 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 buying an additional 33,955 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 lifted its position in Pool by 1.3% in the 2nd 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 stake in Pool by 0.6% in the 3rd quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer’s stock worth $213,020,000 after purchasing an additional 3,428 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings 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. 98.99% of the stock is owned by 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.