Pool Co. (NASDAQ:POOL – Get Rating) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $446.80.
A number of research analysts have recently issued reports on POOL shares. The Goldman Sachs Group dropped their price target on shares of Pool from $560.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, June 23rd. Stephens decreased their price objective on shares of Pool to $400.00 in a report on Tuesday, July 26th. Robert W. Baird downgraded shares of pool from an “outperform” rating to a “neutral” rating and set a $398.00 price objective on the stock. in a report on Thursday, July 14th. KeyCorp decreased their price objective on shares of Pool from $570.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, July 28th. Finally, TheStreet raised shares of Pool from a “c+” rating to a “b” rating in a report on Thursday, June 2nd.
Insider Buying and Selling at Pool
In other news, CFO Hart Melanie Housey sold 2,500 shares of pool stock in a transaction on Friday, August 12th. The stock was sold at an average price of $384.01, for a total value of $960,025.00. Following the completion of the sale, the chief financial officer now owns 10,721 shares of the company’s stock, valued at $4,116,971.21. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.00% of the company’s stock.
Institutional Investors Weigh In On Pool
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A number of hedge funds and other institutional investors have recently made changes to their positions in POOL. Mercer Global Advisors Inc. ADV grew its position in shares of Pool by 59.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,293 shares of the specialty retailer’s stock valued at $732,000 after purchasing an additional 480 shares during the period. M&T Bank Corp boosted its holdings in Pool by 6.0% in the fourth quarter. M&T Bank Corp now owns 1,388 shares of the specialty retailer’s stock valued at $786,000 after acquiring an additional 79 shares during the last quarter. American Century Companies Inc. boosted its holdings in Pool by 21.9% in the fourth quarter. American Century Companies Inc. now owns 4,832 shares of the specialty retailer’s stock valued at $2,735,000 after acquiring an additional 869 shares during the last quarter. Northern Trust Corp boosted its holdings in Pool by 4.1% in the fourth quarter. Northern Trust Corp now owns 486,436 shares of the specialty retailer’s stock valued at $275,323,000 after acquiring an additional 19,161 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Pool by 25.5% in the fourth quarter. ProShare Advisors LLC now owns 9,141 shares of the specialty retailer’s stock valued at $5,173,000 after acquiring an additional 1,856 shares during the last quarter. Hedge funds and other institutional investors own 91.88% of the company’s stock.
Pool trading down 3.7%
NASDAQ POOL opened at $360.63 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.00 and a current ratio of 2.77. The firm has a market cap of $14.28 billion, a PE ratio of 18.75, a P/E/G ratio of 2.07 and a beta of 0.88. Pool has a one year low of $324.14 and a one year high of $582.27. The firm’s fifty day moving average is $365.06 and its two-hundred day moving average is $405.72.
Pool (NASDAQ:POOL – Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The specialty retailer reported $7.59 EPS for the quarter, beating analysts’ consensus estimates of $7.40 by $0.19. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.13 billion. Pool had a net margin of 13.17% and a return on equity of 68.34%. Pool’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business posted $6.37 earnings per share. Analysts expect that Pool will post 18.37 earnings per share for the current year.
Pool Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Wednesday, August 10th. Pool’s dividend payout ratio (DPR) is currently 20.80%.
Pool Company Profiles
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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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