Pool (NASDAQ:POOL) Price Target Lowered to $226.00 at Bank of America

Pool (NASDAQ:POOL) had its target price trimmed by Bank of America from $229.00 to $226.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has an underperform rating on the specialty retailer’s stock.

Several other research firms have also issued reports on POOL. Wells Fargo & Company reduced their target price on shares of Pool from $230.00 to $215.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a report on Monday, December 29th. The Goldman Sachs Group reduced their target price on shares of Pool from $360.00 to $310.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Oppenheimer reduced their target price on shares of Pool from $346.00 to $280.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Finally, Wall Street Zen lowered shares of Pool from a “hold” rating to a “sell” rating in a report on Sunday. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $273.67.

Pool Price Performance

NASDAQ POOL opened at $232.09 on Monday. The company has a 50-day moving average price of $219.45 and a 200-day moving average price of $243.95. The firm has a market capitalization of $8.52 billion, a P/E ratio of 21.41, a PEG ratio of 2.85 and a beta of 1.26. Pool has a 52 week low of $195.49 and a 52 week high of $345.00. The company has a quick ratio of 0.59, a current ratio of 2.24 and a debt-to-equity ratio of 1.00.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 19th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.15). The firm had revenue of $982.21 million during the quarter, compared to analysts’ expectations of $999.14 million. Pool had a return on equity of 31.49% and a net margin of 7.67%.The company’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 earnings per share. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. Equities research analysts anticipate that Pool will post 11.02 earnings per share for the current year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, March 12th. Pool’s dividend payout ratio (DPR) is 46.13%.

Insider Buying and Selling at Pool

In other Pool news, CFO Melanie M. Hart sold 2,750 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $220.00, for a total transaction of $605,000.00. Following the completion of the sale, the chief financial officer directly owned 18,039 shares of the company’s stock, valued at $3,968,580. This trade represents a 13.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director De La Mesa Manuel J. Perez acquired 5,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $205.00 per share, with a total value of $1,025,000.00. Following the completion of the acquisition, the director owned 110,108 shares in the company, valued at approximately $22,572,140. This represents a 4.76% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Pool

A number of institutional investors have recently added to or reduced their stakes in the stock. Amiral Gestion purchased a new stake in Pool during the 1st quarter valued at approximately $7,524,000. First National Bank Sioux Falls purchased a new stake in Pool during the 1st quarter valued at approximately $457,000. Campbell Newman Asset Management Inc. grew its holdings in Pool by 1.1% during the 1st quarter. Campbell Newman Asset Management Inc. now owns 4,840 shares of the specialty retailer’s stock valued at $979,000 after buying an additional 55 shares in the last quarter. Strong Tower Advisory Services grew its holdings in Pool by 9.0% during the 1st quarter. Strong Tower Advisory Services now owns 4,200 shares of the specialty retailer’s stock valued at $850,000 after buying an additional 347 shares in the last quarter. Finally, Genesis Private Wealth LLC bought a new position in shares of Pool during the 1st quarter valued at approximately $245,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

About Pool

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.