Pool (NASDAQ:POOL) PT Lowered to $400.00 at Stephens

Pool (NASDAQ:POOL – Get Rating) had its price target decreased by Stephens to $400.00 in a research report report published on Tuesday morning, Stock Target Advisor reports.

A number of other equities analysts have also commented on the company. Stifel Nicolaus dropped their price objective on Pool from $490.00 to $415.00 in a research note on Friday, July 22nd. Longbow Research upgraded Pool from a neutral rating to a buy rating and set a $550.00 price objective on the stock in a research note on Tuesday, April 19th. Loop Capital dropped their price objective on Pool from $465.00 to $370.00 and set a hold rating on the stock in a research note on Thursday, June 23rd. The Goldman Sachs Group dropped their price objective on Pool from $560.00 to $450.00 and set a buy rating on the stock in a research note on Thursday, June 23rd. Finally, TheStreet upgraded Pool from a c+ rating to ab rating in a research note on Thursday, June 2nd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Pool has a consensus rating of Hold and a consensus target price of $452.44.

Pool price performance

NASDAQ POOL opened at $343.15 on Tuesday. Pool has a fifty-two week low of $324.14 and a fifty-two week high of $582.27. The stock’s 50-day moving average is $374.51 and its two-hundred day moving average is $420.33. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.77 and a quick ratio of 1.00. The firm has a market cap of $13.75 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92.

Pool (NASDAQ:POOL – Get Rating) last posted its earnings results on Thursday, July 21st. The specialty retailer reported $7.63 earnings per share for the quarter, beating the consensus estimate of $7.40 by $0.23. Pool had a return on equity of 68.34% and a net margin of 13.17%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the company earned $6.37 earnings per share. The business’s revenue was up 15.0% compared to the same quarter last year. On average, analysts anticipate that pool will post 18.52 earnings per share for the current fiscal year.

Pool Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 27th. Investors of record on Monday, May 16th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.17%. This is a positive change from Pool’s previous quarterly dividend of $0.80. The ex-dividend date was Friday, May 13th. Pool’s payout ratio is currently 20.80%.

Insider Buying and Selling at Pool

In related news, CEO Peter D. Arvan acquired 500 shares of the firm’s stock in a transaction on Wednesday, May 18th. The shares were bought at an average cost of $387.08 per share, with a total value of $193,540.00. Following the completion of the acquisition, the chief executive officer now owns 61,825 shares of the company’s stock, valued at $23,931,221. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Peter D. Arvan acquired 500 shares of the firm’s stock in a transaction on Wednesday, May 18th. The shares were bought at an average cost of $387.08 per share, with a total value of $193,540.00. Following the completion of the acquisition, the chief executive officer now owns 61,825 shares of the company’s stock, valued at $23,931,221. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Martha S. Gervasi acquired 300 shares of the firm’s stock in a transaction on Friday, May 6th. The shares were bought at an average cost of $391.86 per share, for a total transaction of $117,558.00. Following the completion of the acquisition, the director now directly owns 808 shares of the company’s stock, valued at approximately $316,622.88. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Pool by 1.8% in the 1st quarter. BlackRock Inc. now owns 4,512,465 shares of the specialty retailer’s stock worth $1,908,095,000 after acquiring an additional 80,027 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Pool by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,424,510 shares of the specialty retailer’s stock worth $1,870,904,000 after acquiring an additional 12,654 shares in the last quarter. State Street Corp boosted its holdings in shares of Pool by 4.1% in the 4th quarter. State Street Corp now owns 1,713,981 shares of the specialty retailer’s stock worth $970,113,000 after acquiring an additional 68,052 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Pool by 4.9% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,341,674 shares of the specialty retailer’s stock worth $759,391,000 after acquiring an additional 62,820 shares in the last quarter. Finally, Select Equity Group LP boosted its holdings in shares of Pool by 14.7% in the 1st quarter. Select Equity Group LP now owns 966,232 shares of the specialty retailer’s stock worth $408,571,000 after acquiring an additional 123,545 shares in the last quarter. 91.88% of the stock is owned by institutional investors and hedge funds.

About Pool

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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.

Further Reading

Analyst Recommendations for Pool (NASDAQ:POOL)

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