Pool Co. (NASDAQ:POOL) Given Average Rating of “Hold” by Brokerages

Pool Co. (NASDAQ:POOL) has received an average rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $347.22.

A number of research analysts have commented on POOL shares. The Goldman Sachs Group raised their price target on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Stephens decreased their price target on Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Oppenheimer boosted their target price on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus dropped their target price on shares of Pool from $360.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, July 18th.

Pool Price Performance

Shares of NASDAQ:POOL opened at $358.52 on Friday. The firm has a market capitalization of $13.72 billion, a PE ratio of 28.05, a PEG ratio of 2.53 and a beta of 1.00. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. Pool has a 1-year low of $293.51 and a 1-year high of $422.73. The business’s 50 day moving average is $335.53 and its 200-day moving average is $364.63.

Pool (NASDAQ:POOL) last posted 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. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.89 earnings per share. Sell-side analysts predict that Pool will post 10.98 earnings per share for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.34%. Pool’s dividend payout ratio (DPR) is currently 37.56%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of POOL. International Assets Investment Management LLC raised its position in shares of Pool by 30,047.2% during the fourth quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock worth $73,322,000 after acquiring an additional 183,288 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Pool by 25.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,991 shares of the specialty retailer’s stock valued at $1,193,000 after purchasing an additional 603 shares during the period. Cerity Partners LLC bought a new position in shares of Pool in the 4th quarter valued at about $444,000. Louisiana State Employees Retirement System acquired a new stake in shares of Pool during the 4th quarter worth approximately $917,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Pool by 5.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,936 shares of the specialty retailer’s stock worth $2,765,000 after buying an additional 346 shares during the last quarter. 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.