Pool (NASDAQ:POOL) PT Lowered to $350.00

Pool (NASDAQ:POOL) had its price target decreased by Stephens from $425.00 to $350.00 in a research note issued to investors on Tuesday, Benzinga reports. Stephens currently has an overweight rating on the specialty retailer’s stock.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus lowered their price objective on Pool from $370.00 to $360.00 and set a hold rating for the company in a research note on Monday, April 29th. Oppenheimer lowered their price objective on Pool from $416.00 to $356.00 and set an outperform rating for the company in a research note on Tuesday. Robert W. Baird lowered their price objective on Pool from $380.00 to $305.00 and set a neutral rating for the company in a research note on Tuesday. Wells Fargo & Company lowered their price objective on Pool from $360.00 to $290.00 and set an equal weight rating for the company in a research note on Tuesday. Finally, Loop Capital lowered their price objective on Pool from $415.00 to $370.00 and set a hold rating for the company in a research note on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $328.00.

Pool Trading Down 0.1 %

POOL opened at $307.33 on Tuesday. The stock has a market cap of $11.78 billion, a PE ratio of 24.05, a PEG ratio of 2.30 and a beta of 1.02. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average of $355.38 and a 200-day moving average of $377.78. Pool has a 52 week low of $299.24 and a 52 week high of $422.73.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The firm 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 company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.46 EPS. Equities research analysts predict that Pool will post 10.94 earnings per share for the current fiscal year.

Pool Increases Dividend

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

Institutional Trading of Pool

Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Pool by 56.7% in the third quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock worth $308,156,000 after acquiring an additional 313,190 shares during the period. Blair William & Co. IL grew its holdings in shares of Pool by 6.0% in the first quarter. Blair William & Co. IL now owns 843,650 shares of the specialty retailer’s stock worth $340,413,000 after acquiring an additional 47,640 shares during the period. Wasatch Advisors LP grew its holdings in shares of Pool by 9.6% in the first quarter. Wasatch Advisors LP now owns 525,004 shares of the specialty retailer’s stock worth $211,839,000 after acquiring an additional 45,953 shares during the period. Northern Trust Corp grew its holdings in shares of Pool by 8.2% in the third quarter. Northern Trust Corp now owns 442,142 shares of the specialty retailer’s stock worth $157,447,000 after acquiring an additional 33,664 shares during the period. Finally, London Co. of Virginia grew its holdings in shares of Pool by 0.9% in the third quarter. London Co. of Virginia now owns 395,867 shares of the specialty retailer’s stock worth $140,968,000 after acquiring an additional 3,597 shares during the period. Institutional investors 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.