Pool Co. (NASDAQ:POOL) Receives Average Recommendation of “Hold” from Analysts

Pool Co. (NASDAQ:POOL) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $369.11.

Several equities research analysts have recently weighed in on POOL shares. Oppenheimer raised their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Robert W. Baird boosted their price objective 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. Loop Capital increased their target price on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price target on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company upped their price objective on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th.

Pool Trading Down 0.3 %

NASDAQ POOL opened at $375.97 on Tuesday. Pool has a 52 week low of $293.51 and a 52 week high of $422.73. The firm has a 50 day moving average of $367.35 and a two-hundred day moving average of $352.37. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $14.31 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the firm posted $3.50 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. As a group, research analysts expect that Pool will post 10.98 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.28%. The ex-dividend date was Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is presently 41.31%.

Institutional Trading of Pool

Hedge funds have recently added to or reduced their stakes in the stock. Taylor Frigon Capital Management LLC raised its stake in shares of Pool by 0.8% during the second quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock worth $1,089,000 after purchasing an additional 28 shares during the last quarter. Heritage Family Offices LLP raised its position in Pool by 2.2% during the 3rd quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock worth $482,000 after buying an additional 28 shares during the last quarter. CWM LLC lifted its stake in shares of Pool by 3.7% in the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock worth $293,000 after acquiring an additional 28 shares during the period. Aurora Investment Counsel boosted its holdings in shares of Pool by 0.6% in the second quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock valued at $1,542,000 after acquiring an additional 30 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in shares of Pool by 1.3% during the second quarter. First Citizens Bank & Trust Co. now owns 2,405 shares of the specialty retailer’s stock worth $739,000 after acquiring an additional 31 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

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.