Pool Co. (NASDAQ:POOL) Given Consensus Recommendation of “Hold” by Brokerages

Pool Co. (NASDAQ:POOL) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $350.00.

POOL has been the topic of several research reports. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Oppenheimer lifted their price objective on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Wells Fargo & Company boosted their target price on Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Loop Capital lowered their target price on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday, June 25th. Finally, The Goldman Sachs Group lifted their price target on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, July 26th.

Institutional Trading of Pool

Several large investors have recently modified their holdings of POOL. Cim LLC raised its holdings in shares of Pool by 4.8% during the second quarter. Cim LLC now owns 2,907 shares of the specialty retailer’s stock valued at $893,000 after buying an additional 133 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Pool during the 2nd quarter valued at $3,762,000. Aurora Investment Counsel boosted its stake in shares of Pool by 0.6% during the 2nd quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock valued at $1,542,000 after buying an additional 30 shares during the period. Cetera Investment Advisers boosted its stake in shares of Pool by 6.6% during the 2nd quarter. Cetera Investment Advisers now owns 7,522 shares of the specialty retailer’s stock valued at $2,312,000 after buying an additional 464 shares during the period. Finally, Regal Investment Advisors LLC boosted its stake in shares of Pool by 31.8% during the 2nd quarter. Regal Investment Advisors LLC now owns 713 shares of the specialty retailer’s stock valued at $219,000 after buying an additional 172 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Trading Down 0.8 %

Shares of NASDAQ POOL opened at $368.93 on Thursday. The business has a fifty day moving average price of $348.41 and a 200 day moving average price of $360.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. Pool has a 1-year low of $293.51 and a 1-year high of $422.73. The stock has a market capitalization of $14.14 billion, a P/E ratio of 28.87, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.09. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $5.89 earnings per share. Equities research analysts expect that Pool will post 10.99 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.30%. Pool’s dividend payout ratio is currently 37.56%.

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.