Pool (NASDAQ:POOL) Reaches New 12-Month Low at $296.48

Pool Co. (NASDAQ:POOL) hit a new 52-week low during trading on Tuesday . The stock traded as low as $296.48 and last traded at $296.90, with a volume of 146276 shares changing hands. The stock had previously closed at $304.48.

Analysts Set New Price Targets

POOL has been the subject of several recent research reports. Stephens lowered their price target on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. Wells Fargo & Company lowered their price target on Pool from $360.00 to $290.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Robert W. Baird decreased their target price on Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a research report on Tuesday, June 25th. Loop Capital decreased their target price on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday, June 25th. Finally, Bank of America decreased their target price on Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. One investment 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $328.00.

Pool Stock Up 6.2 %

The stock has a market cap of $12.16 billion, a P/E ratio of 24.83, a PEG ratio of 2.24 and a beta of 1.00. The business has a 50-day simple moving average of $343.71 and a 200-day simple moving average of $372.63. 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 issued its quarterly 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). Pool had a return on equity of 35.49% and a net margin of 9.17%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the firm earned $2.46 earnings per share. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. Analysts expect that Pool Co. will post 10.94 EPS for the current year.

Pool Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This is a positive change from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.51%. Pool’s payout ratio is 37.56%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Wedmont Private Capital lifted its holdings in shares of Pool by 5.4% during the first quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer’s stock worth $236,000 after buying an additional 30 shares during the last quarter. Czech National Bank raised its stake in shares of Pool by 0.4% in the first quarter. Czech National Bank now owns 6,805 shares of the specialty retailer’s stock valued at $2,746,000 after purchasing an additional 30 shares in the last quarter. TIAA Trust National Association raised its stake in shares of Pool by 4.2% in the first quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock valued at $301,000 after purchasing an additional 30 shares in the last quarter. Great Lakes Advisors LLC raised its stake in shares of Pool by 1.2% in the fourth quarter. Great Lakes Advisors LLC now owns 2,724 shares of the specialty retailer’s stock valued at $1,086,000 after purchasing an additional 31 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Pool by 39.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 36 shares in 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.