William Blair Analysts Lift Earnings Estimates for Pool Co. (NASDAQ:POOL)

Pool Co. (NASDAQ:POOLGet Rating) – William Blair boosted their Q2 2022 earnings estimates for shares of Pool in a research report issued to clients and investors on Thursday, April 21st. William Blair analyst R. Merkel now forecasts that the specialty retailer will post earnings per share of $7.75 for the quarter, up from their previous forecast of $7.45.

Pool (NASDAQ:POOLGet Rating) last posted its quarterly earnings results on Thursday, April 21st. The specialty retailer reported $4.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.11 by $1.30. Pool had a net margin of 12.95% and a return on equity of 69.76%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company posted $2.42 EPS. The business’s revenue for the quarter was up 33.2% on a year-over-year basis.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Pool from a “buy” rating to a “hold” rating and set a $594.00 price objective on the stock. in a research report on Monday, January 3rd. TheStreet lowered shares of Pool from a “b” rating to a “c+” rating in a report on Thursday. Edward Jones assumed coverage on shares of Pool in a report on Tuesday, April 12th. They issued a “hold” rating on the stock. StockNews.com assumed coverage on shares of Pool in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Jefferies Financial Group restated a “hold” rating and issued a $550.00 target price on shares of Pool in a report on Thursday, December 30th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $538.80.

Pool stock opened at $415.74 on Monday. Pool has a 52 week low of $401.51 and a 52 week high of $582.27. The company has a quick ratio of 0.58, a current ratio of 2.50 and a debt-to-equity ratio of 1.26. The firm’s 50-day simple moving average is $443.97 and its 200 day simple moving average is $490.11. The firm has a market capitalization of $16.68 billion, a PE ratio of 23.14, a P/E/G ratio of 2.28 and a beta of 0.89.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 10th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Wednesday, March 9th. Pool’s dividend payout ratio is currently 17.81%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Frontier Wealth Management LLC increased its position in Pool by 0.4% during the 4th quarter. Frontier Wealth Management LLC now owns 5,425 shares of the specialty retailer’s stock worth $3,071,000 after purchasing an additional 23 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Pool by 0.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,015 shares of the specialty retailer’s stock worth $1,310,000 after purchasing an additional 24 shares in the last quarter. Mutual of America Capital Management LLC increased its position in Pool by 0.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 5,264 shares of the specialty retailer’s stock worth $2,287,000 after purchasing an additional 26 shares in the last quarter. American National Bank increased its position in Pool by 52.0% during the 1st quarter. American National Bank now owns 76 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 26 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Pool by 1.0% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,609 shares of the specialty retailer’s stock worth $1,103,000 after purchasing an additional 26 shares in the last quarter. 91.12% of the stock is owned by hedge funds and other institutional investors.

About Pool (Get Rating)

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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Earnings History and Estimates for Pool (NASDAQ:POOL)

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