Loop Capital Trims Pool (NASDAQ:POOL) Target Price to $370.00

Pool (NASDAQ:POOL - Free Report) had its target price decreased by Loop Capital from $415.00 to $370.00 in a research note released on Tuesday morning, Benzinga reports. Loop Capital currently has a hold rating on the specialty retailer's stock.

A number of other equities research analysts have also recently commented on the stock. TheStreet cut shares of Pool from a b rating to a c+ rating in a report on Thursday, February 22nd. Oppenheimer reduced their price target on shares of Pool from $436.00 to $416.00 and set an outperform rating for the company in a report on Monday, April 29th. Finally, Stifel Nicolaus reduced their price target on shares of Pool from $370.00 to $360.00 and set a hold rating for the company in a report on Monday, April 29th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Pool presently has an average rating of Hold and a consensus price target of $382.80.

Pool Trading Down 1.5 %

NASDAQ POOL traded down $5.29 during mid-day trading on Tuesday, reaching $337.89. 312,739 shares of the stock were exchanged, compared to its average volume of 326,572. Pool has a one year low of $308.45 and a one year high of $422.73. The stock has a 50 day simple moving average of $364.37 and a 200-day simple moving average of $380.13. The stock has a market cap of $12.95 billion, a P/E ratio of 26.44, a P/E/G ratio of 3.56 and a beta of 1.02. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56.

Pool (NASDAQ:POOL - Get Free Report) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $1.13 billion. During the same period in the prior year, the business earned $2.46 EPS. Pool's quarterly revenue was down 7.1% on a year-over-year basis. On average, analysts anticipate that Pool will post 13.02 EPS for the current year.

Pool Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a dividend of $1.20 per share. This is a boost from Pool's previous quarterly dividend of $1.10. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Wednesday, May 15th. Pool's dividend payout ratio (DPR) is currently 37.56%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC purchased a new position in Pool during the fourth quarter worth about $28,000. Stuart Chaussee & Associates Inc. boosted its holdings in Pool by 250.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 55 shares during the last quarter. CVA Family Office LLC purchased a new position in Pool during the fourth quarter worth about $34,000. Lindbrook Capital LLC raised its position in Pool by 73.7% in 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 during the period. Finally, VisionPoint Advisory Group LLC raised its position 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 acquiring an additional 118 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Company Profile

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.