Loop Capital Trims Pool (NASDAQ:POOL) Target Price to $305.00

Pool (NASDAQ:POOL) had its target price lowered by Loop Capital from $370.00 to $305.00 in a report published on Tuesday morning, Benzinga reports. Loop Capital currently has a hold rating on the specialty retailer’s stock.

Other analysts have also recently issued research reports about the stock. Oppenheimer reduced their price objective on shares of Pool from $416.00 to $356.00 and set an outperform rating for the company in a research note on Tuesday. Wells Fargo & Company lowered their price target on Pool from $360.00 to $290.00 and set an equal weight rating on the stock in a report on Tuesday. Stifel Nicolaus lowered their target price on Pool from $370.00 to $360.00 and set a hold rating on the stock in a report on Monday, April 29th. Stephens decreased their price objective on shares of Pool from $425.00 to $350.00 and set an overweight rating on the stock in a research report on Tuesday. Finally, Robert W. Baird cut their target price on shares of Pool from $380.00 to $305.00 and set a neutral rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $328.00.

Pool Stock Down 1.5 %

Shares of NASDAQ:POOL opened at $307.57 on Tuesday. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 3.75 and a beta of 1.02. Pool has a fifty-two week low of $299.24 and a fifty-two week high of $422.73. The firm’s 50-day simple moving average is $356.45 and its 200-day simple moving average is $378.12. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.46 earnings per share. As a group, equities research analysts predict that Pool will post 11.24 earnings per share for the current year.

Pool Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, May 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.56%. This is a positive change from Pool’s previous quarterly dividend of $1.10. Pool’s dividend payout ratio (DPR) is 37.56%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in shares of Pool by 4.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,458 shares of the specialty retailer’s stock valued at $588,000 after purchasing an additional 61 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Pool by 4.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 29,893 shares of the specialty retailer’s stock worth $12,292,000 after buying an additional 1,349 shares during the last quarter. Aurora Investment Counsel grew its holdings in Pool by 0.7% in the 1st quarter. Aurora Investment Counsel now owns 4,988 shares of the specialty retailer’s stock valued at $2,013,000 after buying an additional 37 shares during the period. EULAV Asset Management increased its stake in shares of Pool by 10.3% during the 1st quarter. EULAV Asset Management now owns 187,261 shares of the specialty retailer’s stock valued at $75,560,000 after acquiring an additional 17,500 shares during the last quarter. Finally, Cetera Advisors LLC increased its stake in shares of Pool by 123.9% during the 1st quarter. Cetera Advisors LLC now owns 1,939 shares of the specialty retailer’s stock valued at $782,000 after acquiring an additional 1,073 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.