Pool Co. (NASDAQ:POOL) Receives $359.22 Consensus Price Target from Analysts

Shares of Pool Co. (NASDAQ:POOL - Get Free Report) have been assigned an average rating of "Hold" from the nine research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $341.22.

Several research analysts have recently issued reports on the company. Oppenheimer reduced their price target on Pool from $370.00 to $322.00 and set an "outperform" rating on the stock in a research report on Monday. Wells Fargo & Company reduced their target price on Pool from $360.00 to $315.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Robert W. Baird lowered their price target on Pool from $325.00 to $310.00 and set a "neutral" rating for the company in a research note on Friday. Stephens reduced their price objective on shares of Pool from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Stifel Nicolaus decreased their price objective on shares of Pool from $340.00 to $330.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd.

Pool Trading Down 0.1 %

Shares of POOL traded down $0.26 during trading hours on Friday, hitting $291.33. 515,576 shares of the stock traded hands, compared to its average volume of 383,018. The business has a fifty day moving average of $323.54 and a 200-day moving average of $344.42. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $10.99 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. Pool has a 1-year low of $284.28 and a 1-year high of $395.60.

Pool (NASDAQ:POOL - Get Free Report) last issued its earnings results on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.10). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. Pool had a net margin of 8.18% and a return on equity of 31.11%. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the business posted $1.85 EPS. Analysts expect that Pool will post 11.32 EPS for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool's dividend payout ratio (DPR) is presently 45.03%.

Insider Buying and Selling

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the completion of the transaction, the director now directly owns 62,577 shares of the company's stock, valued at $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jennifer M. Neil sold 1,223 shares of Pool stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $315.00, for a total value of $385,245.00. Following the completion of the sale, the senior vice president now directly owns 9,667 shares in the company, valued at approximately $3,045,105. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pool

Large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Pool by 816.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer's stock worth $13,601,000 after purchasing an additional 36,403 shares in the last quarter. L. Roy Papp & Associates LLP acquired a new stake in Pool in the 4th quarter valued at $653,000. World Equity Group Inc. bought a new stake in Pool during the 4th quarter worth about $272,000. Landscape Capital Management L.L.C. boosted its stake in shares of Pool by 104.0% during the 4th quarter. Landscape Capital Management L.L.C. now owns 3,778 shares of the specialty retailer's stock worth $1,288,000 after buying an additional 1,926 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Pool by 28.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 49,056 shares of the specialty retailer's stock valued at $16,725,000 after acquiring an additional 10,880 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

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.