Pool Co. (NASDAQ:POOL) Given Average Recommendation of “Hold” by Analysts

Shares of Pool Co. (NASDAQ:POOL – Get Rating) have received an average rating of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $392.27.

POOL has been the topic of a number of recent research reports. Robert W. Baird dropped their price objective on shares of Pool from $398.00 to $368.00 and set a “neutral” rating on the stock in a research note on Friday, October 21st. Stephens cut their price target on Pool from $400.00 to $340.00 in a research note on Wednesday, October 19th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research note on Wednesday, January 11th. KeyCorp dropped their target price on Pool from $465.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, October 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded Pool from a “hold” rating to a “buy” rating and set a $417.00 price target for the company in a report on Tuesday, January 10th.

Institutional Trading of Pool

Several hedge funds have recently made changes to their positions in POOL. TCI Wealth Advisors Inc. boosted its position in Pool by 143.8% during the second quarter. TCI Wealth Advisors Inc. now owns 78 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 46 shares during the period. SRS Capital Advisors Inc. raised its holdings in Pool by 226.5% during the 2nd quarter. SRS Capital Advisors Inc. now owns 111 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 77 shares during the period. Pinnacle Financial Partners Inc. purchased a new stake in shares of Pool during the third quarter worth $43,000. Fieldpoint Private Securities LLC boosted its holdings in shares of Pool by 70.0% in the second quarter. Fieldpoint Private Securities LLC now owns 136 shares of the specialty retailer’s stock worth $48,000 after acquiring an additional 56 shares during the period. Finally, IMA Wealth Inc. grew its position in shares of Pool by 204.1% in the second quarter. IMA Wealth Inc. now owns 149 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 100 shares in the last quarter. 98.15% of the stock is currently owned by institutional investors.

Pool Stock Up 2.3 %

Shares of NASDAQ:POOL opened at $352.74 on Friday. The firm has a market cap of $13.77 billion, a P/E ratio of 18.12, a PEG ratio of 2.47 and a beta of 0.84. Pool has a 52-week low of $278.10 and a 52-week high of $488.75. The business’s 50 day simple moving average is $324.27 and its two-hundred day simple moving average is $335.98. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.90 and a current ratio of 2.98.

Pool (NASDAQ:POOL – Get Rating) last issued its earnings results on Thursday, October 20th. The specialty retailer reported $4.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.55 by $0.21. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Pool had a return on equity of 65.81% and a net margin of 12.81%. Pool’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business earned $4.51 EPS. As a group, research analysts forecast that Pool will post 18.72 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Thursday, November 10th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $4.00 annualized dividend and a yield of 1.13%. Pool’s payout ratio is 20.54%.

Pool Company Profile

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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.