Pool Corp. (NASDAQ:POOL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “For Pool Corp., third-quarter 2016 marked the company’s 26th consecutive quarter of year-over-year growth in sales, gross profit and operating earnings. Notably, the company should continue to benefit in the near term from base business sales growth and favorable trends in the housing market. Moreover, continually strong growth in the pool renovation category along with reasonable improvement in green segment sales (the Horizon segment), is a major positive. Further, stronger consumer discretionary spending along with a tight supply situation, point to consistently robust demand for the rest of 2016 and 2017. The company’s leading market share position and opportunistic expansion strategies position it well for revenue growth. However, seasonality of the company’s business and macroeconomic headwinds remain causes of concern.”

Separately, Wedbush assumed coverage on shares of Pool Corp. in a research note on Wednesday, August 24th. They set an “outperform” rating and a $115.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $97.40.

Analyst Recommendations for Pool Corp. (NASDAQ:POOL)

Pool Corp. (NASDAQ:POOL) traded up 0.48% on Friday, hitting $101.93. 72,777 shares of the stock were exchanged. The company has a 50-day moving average of $94.87 and a 200-day moving average of $95.17. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 29.63 and a beta of 0.90. Pool Corp. has a 12 month low of $72.40 and a 12 month high of $103.55.

Pool Corp. (NASDAQ:POOL) last announced its earnings results on Thursday, October 20th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. The firm had revenue of $691.40 million for the quarter, compared to analyst estimates of $693.02 million. Pool Corp. had a net margin of 5.86% and a return on equity of 58.92%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 EPS. On average, equities analysts predict that Pool Corp. will post $3.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Monday, November 7th. Pool Corp.’s payout ratio is currently 35.94%.

A number of large investors have recently bought and sold shares of POOL. Huntington National Bank boosted its position in shares of Pool Corp. by 0.5% in the second quarter. Huntington National Bank now owns 1,798 shares of the company’s stock valued at $169,000 after buying an additional 9 shares during the period. Capstone Asset Management Co. boosted its position in shares of Pool Corp. by 0.4% in the third quarter. Capstone Asset Management Co. now owns 4,896 shares of the company’s stock valued at $463,000 after buying an additional 20 shares during the period. Great Lakes Advisors LLC boosted its position in shares of Pool Corp. by 1.0% in the third quarter. Great Lakes Advisors LLC now owns 3,954 shares of the company’s stock valued at $374,000 after buying an additional 41 shares during the period. McQueen Ball & Associates Inc. boosted its position in shares of Pool Corp. by 0.3% in the third quarter. McQueen Ball & Associates Inc. now owns 15,170 shares of the company’s stock valued at $1,434,000 after buying an additional 46 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Pool Corp. by 3.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,602 shares of the company’s stock valued at $151,000 after buying an additional 53 shares during the period. 91.93% of the stock is currently owned by institutional investors and hedge funds.

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About Pool Corp.

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is also a distributor of irrigation and landscape products in the United States. The Company operates over 340 sales centers in North America, Europe, South America and Australia through its over four distribution networks, such as SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

5 Day Chart for NASDAQ:POOL

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