Pool (NASDAQ:POOL) Given New $305.00 Price Target at Loop Capital

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

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

Pool Trading Down 1.5 %

Shares of Pool stock opened at $307.57 on Tuesday. 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 has a 12-month low of $299.24 and a 12-month high of $422.73. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 3.75 and a beta of 1.02. The firm’s 50-day moving average price is $356.45 and its two-hundred day moving average price is $378.12.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a return on equity of 35.49% and a net margin of 9.17%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business posted $2.46 EPS. The business’s revenue was down 7.1% on a year-over-year basis. On average, analysts forecast that Pool will post 11.24 earnings per share for the current fiscal year.

Pool Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders 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 boost from Pool’s previous quarterly dividend of $1.10. Pool’s dividend payout ratio is 37.56%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC bought a new stake in Pool in the fourth quarter worth approximately $28,000. Stuart Chaussee & Associates Inc. increased its stake in shares of Pool by 250.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 55 shares in the last quarter. CVA Family Office LLC bought a new position in Pool during the fourth quarter worth $34,000. Lindbrook Capital LLC boosted its stake in Pool by 73.7% during the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 42 shares in the last quarter. Finally, VisionPoint Advisory Group LLC grew its holdings in Pool by 11,800.0% in the fourth quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 118 shares during the period. 98.99% of the stock is owned by institutional investors.

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.