Pool (NASDAQ:POOL) Price Target Raised to $436.00 at Oppenheimer

Pool (NASDAQ:POOL) had its price target lifted by Oppenheimer from $407.00 to $436.00 in a research note released on Thursday, Benzinga reports. They currently have an outperform rating on the specialty retailer’s stock.

Other equities analysts have also recently issued reports about the company. Loop Capital cut Pool from a buy rating to a hold rating and boosted their target price for the stock from $380.00 to $415.00 in a research report on Monday, January 8th. Wells Fargo & Company initiated coverage on Pool in a research report on Tuesday, December 19th. They set an equal weight rating and a $400.00 target price for the company. Stifel Nicolaus restated a hold rating and set a $370.00 target price on shares of Pool in a research report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft cut Pool from a buy rating to a hold rating and reduced their target price for the stock from $371.00 to $368.00 in a research report on Friday, December 8th. Finally, TheStreet cut Pool from a b rating to a c+ rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Pool has a consensus rating of Hold and a consensus price target of $388.63.

Pool Price Performance

Shares of NASDAQ POOL opened at $403.50 on Thursday. The stock has a market cap of $15.62 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 3.74 and a beta of 1.01. Pool has a fifty-two week low of $307.77 and a fifty-two week high of $422.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.58 and a current ratio of 2.36. The stock has a fifty day moving average of $393.06 and a 200-day moving average of $368.53.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.79 earnings per share. Equities research analysts anticipate that Pool will post 13.27 earnings per share for the current year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Wednesday, March 13th. Pool’s dividend payout ratio is currently 33.03%.

Insider Buying and Selling

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the sale, the general counsel now directly owns 8,622 shares in the company, valued at approximately $3,457,422. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pool

A number of institutional investors have recently bought and sold shares of the stock. New York Life Investment Management LLC raised its holdings in Pool by 0.5% in the 3rd quarter. New York Life Investment Management LLC now owns 5,687 shares of the specialty retailer’s stock worth $2,025,000 after purchasing an additional 30 shares during the period. Great Lakes Advisors LLC raised its holdings in Pool by 1.2% in the 4th quarter. Great Lakes Advisors LLC now owns 2,724 shares of the specialty retailer’s stock worth $1,086,000 after purchasing an additional 31 shares during the period. Cresset Asset Management LLC raised its holdings in Pool by 7.2% in the 1st quarter. Cresset Asset Management LLC now owns 479 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 32 shares during the period. CIBC Asset Management Inc raised its holdings in Pool by 0.6% in the 1st quarter. CIBC Asset Management Inc now owns 5,695 shares of the specialty retailer’s stock worth $1,950,000 after purchasing an additional 33 shares during the period. Finally, Assetmark Inc. raised its holdings in Pool by 12.2% in the 3rd quarter. Assetmark Inc. now owns 321 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 35 shares during the period. 98.99% of the stock is owned by institutional investors.

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.