Pool Co. (NASDAQ:POOL) Receives $369.25 Average Price Target from Brokerages

Pool Co. (NASDAQ:POOL - Get Free Report) has received a consensus recommendation of "Hold" from the eight brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $369.25.

Several analysts recently commented on POOL shares. Stifel Nicolaus lifted their price objective on Pool from $335.00 to $340.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Oppenheimer upped their price target on shares of Pool from $380.00 to $386.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Wells Fargo & Company raised their price objective on shares of Pool from $330.00 to $370.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. Loop Capital boosted their target price on shares of Pool from $345.00 to $395.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Finally, StockNews.com upgraded shares of Pool from a "sell" rating to a "hold" rating in a research note on Saturday, November 2nd.

Pool Stock Performance

Shares of Pool stock traded up $8.10 during trading on Friday, hitting $349.04. 814,189 shares of the company's stock traded hands, compared to its average volume of 348,915. Pool has a 1 year low of $293.51 and a 1 year high of $422.73. The business has a 50-day simple moving average of $366.41 and a 200-day simple moving average of $352.77. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The stock has a market capitalization of $13.28 billion, a P/E ratio of 30.04, a PEG ratio of 2.20 and a beta of 1.01.

Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business posted $3.50 earnings per share. The business's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, analysts forecast that Pool will post 11.02 EPS for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.38%. Pool's dividend payout ratio is 41.31%.

Institutional Trading of Pool

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Pool by 1.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer's stock worth $646,291,000 after purchasing an additional 33,955 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Pool by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer's stock worth $362,196,000 after acquiring an additional 6,232 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Pool by 1.3% during the 2nd quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer's stock valued at $262,678,000 after acquiring an additional 11,059 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Pool by 0.6% in the third quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer's stock valued at $213,020,000 after purchasing an additional 3,428 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Pool by 26.6% in the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer's stock worth $133,125,000 after purchasing an additional 90,951 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

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.