Pool Co. (NASDAQ:POOL) Receives Average Recommendation of “Hold” from Brokerages

Pool Co. (NASDAQ:POOLGet Free Report) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $369.25.

POOL has been the subject of several research analyst reports. Loop Capital upped their price target on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their price objective on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Robert W. Baird increased their target price on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Stifel Nicolaus raised 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.

Read Our Latest Analysis on Pool

Institutional Investors Weigh In On Pool

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its holdings in Pool by 37,863.6% in the 3rd quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after acquiring an additional 137,445 shares during the period. Toronto Dominion Bank lifted its position in shares of Pool by 16.1% during the second quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock worth $4,109,000 after purchasing an additional 1,858 shares in the last quarter. Versor Investments LP purchased a new position in shares of Pool in the third quarter valued at $720,000. Parnassus Investments LLC boosted its stake in shares of Pool by 3.5% in the third quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock valued at $77,142,000 after purchasing an additional 6,987 shares during the period. Finally, Sumitomo Life Insurance Co. grew its holdings in Pool by 1.7% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 5,121 shares of the specialty retailer’s stock valued at $1,930,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Price Performance

POOL stock opened at $339.68 on Wednesday. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 2.20 and a beta of 1.03. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. Pool has a 52-week low of $293.51 and a 52-week high of $422.73. The stock’s fifty day simple moving average is $357.39 and its 200-day simple moving average is $353.29.

Pool (NASDAQ:POOLGet Free Report) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company earned $3.50 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. Equities research analysts expect that Pool will post 11.02 EPS for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s dividend payout ratio is presently 41.31%.

About Pool

(Get Free Report

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.

Further Reading

Analyst Recommendations for Pool (NASDAQ:POOL)

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