Pool (NASDAQ:POOL) Price Target Lowered to $360.00 at Stifel Nicolaus

Pool (NASDAQ:POOL) had its price target cut by Stifel Nicolaus from $370.00 to $360.00 in a research note published on Monday morning, Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

Several other research firms have also recently weighed in on POOL. Loop Capital cut shares of Pool from a buy rating to a hold rating and lifted their price objective for the stock from $380.00 to $415.00 in a research report on Monday, January 8th. TheStreet downgraded Pool from a b rating to a c+ rating in a report on Thursday, February 22nd. Finally, Oppenheimer dropped their price target on Pool from $436.00 to $416.00 and set an outperform rating on the stock in a research report on Monday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Pool currently has an average rating of Hold and a consensus price target of $391.80.

Pool Stock Down 0.4 %

Shares of Pool stock opened at $369.61 on Monday. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. Pool has a 12-month low of $307.77 and a 12-month high of $422.73. The firm has a market capitalization of $14.23 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00. The stock’s fifty day moving average is $392.43 and its 200-day moving average is $374.24.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. Pool’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.46 earnings per share. Equities analysts anticipate that Pool will post 13.26 earnings per share for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Wednesday, March 13th. Pool’s dividend payout ratio is currently 34.43%.

Insider Transactions at Pool

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Pool during the 4th quarter valued at about $28,000. Stuart Chaussee & Associates Inc. lifted its stake in shares of Pool by 250.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock worth $31,000 after buying an additional 55 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Pool during the 4th quarter worth $34,000. Lindbrook Capital LLC boosted its holdings in shares of Pool by 73.7% during the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after buying an additional 42 shares during the period. Finally, Huntington National Bank grew its position in shares of Pool by 96.7% in the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.