Pool (NASDAQ:POOL) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Pool (NASDAQ:POOL) from a sell rating to a hold rating in a research report released on Tuesday morning.

Several other equities research analysts also recently commented on POOL. Bank of America reduced their price target on shares of Pool from $338.00 to $290.00 and set an underperform 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. Stifel Nicolaus lifted their price target on Pool from $310.00 to $335.00 and gave the company a hold rating in a report on Friday, August 30th. The Goldman Sachs Group increased their price objective on Pool from $365.00 to $415.00 and gave the stock a buy rating in a research note on Friday, July 26th. Finally, Oppenheimer lifted their target price on Pool from $356.00 to $380.00 and gave the company an outperform rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Pool currently has a consensus rating of Hold and a consensus price target of $354.44.

Pool Stock Up 0.8 %

Shares of Pool stock opened at $365.28 on Tuesday. Pool has a 12-month low of $293.51 and a 12-month high of $422.73. The firm has a market capitalization of $13.98 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 2.68 and a beta of 1.01. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The stock’s fifty day moving average is $356.39 and its 200-day moving average is $355.82.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the business posted $5.89 EPS. Pool’s revenue was down 4.7% on a year-over-year basis. Equities analysts anticipate that Pool will post 10.98 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.31%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio is 40.47%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tortoise Investment Management LLC boosted its holdings in Pool by 68.9% in the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 42 shares in the last quarter. Crewe Advisors LLC boosted its stake in shares of Pool by 232.4% during the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 79 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Pool by 26.2% during the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after acquiring an additional 43 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of Pool in the 2nd quarter valued at approximately $74,000. Finally, Summit Securities Group LLC bought a new position in shares of Pool in the 2nd quarter valued at approximately $75,000. Institutional investors own 98.99% of the company’s stock.

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.