Pool Corporation (POOL) Rating Increased to Strong-Buy at BidaskClub
BidaskClub upgraded shares of Pool Corporation (NASDAQ:POOL) from a buy rating to a strong-buy rating in a report issued on Friday.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Pool Corporation from a buy rating to a hold rating in a report on Wednesday, June 14th. Wedbush reaffirmed an outperform rating and issued a $128.00 target price on shares of Pool Corporation in a research report on Friday, April 7th. Finally, Robert W. Baird raised shares of Pool Corporation from a neutral rating to an outperform rating and raised their target price for the company from $103.00 to $130.00 in a research report on Friday, February 17th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Pool Corporation has an average rating of Buy and a consensus target price of $131.67.
Pool Corporation (POOL) opened at 123.36 on Friday. Pool Corporation has a 12-month low of $87.02 and a 12-month high of $124.26. The stock has a market capitalization of $5.10 billion, a PE ratio of 34.12 and a beta of 0.95. The stock’s 50 day moving average is $120.74 and its 200 day moving average is $114.41.
Pool Corporation (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, April 20th. The specialty retailer reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.12. Pool Corporation had a net margin of 5.95% and a return on equity of 61.85%. The business had revenue of $546.44 million for the quarter. During the same quarter in the previous year, the business earned $0.38 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. Analysts forecast that Pool Corporation will post $4.25 EPS for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $1.48 dividend on an annualized basis and a yield of 1.20%. This is an increase from Pool Corporation’s previous quarterly dividend of $0.31. Pool Corporation’s dividend payout ratio (DPR) is 41.23%.
In other news, insider Hart Melanie Housey sold 3,000 shares of Pool Corporation stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $119.14, for a total value of $357,420.00. Following the completion of the transaction, the insider now owns 11,082 shares of the company’s stock, valued at approximately $1,320,309.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 12,372 shares of Pool Corporation stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $122.12, for a total transaction of $1,510,868.64. Following the completion of the transaction, the chief executive officer now directly owns 51,953 shares of the company’s stock, valued at approximately $6,344,500.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,452 shares of company stock valued at $9,733,040. 7.00% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in POOL. McQueen Ball & Associates Inc. increased its position in shares of Pool Corporation by 0.3% in the first quarter. McQueen Ball & Associates Inc. now owns 15,256 shares of the specialty retailer’s stock worth $1,821,000 after buying an additional 40 shares during the period. State Treasurer State of Michigan boosted its stake in Pool Corporation by 0.6% in the first quarter. State Treasurer State of Michigan now owns 16,700 shares of the specialty retailer’s stock worth $1,993,000 after buying an additional 100 shares in the last quarter. Mason Street Advisors LLC boosted its stake in Pool Corporation by 0.8% in the first quarter. Mason Street Advisors LLC now owns 19,443 shares of the specialty retailer’s stock worth $2,320,000 after buying an additional 149 shares in the last quarter. Advantus Capital Management Inc boosted its stake in Pool Corporation by 3.4% in the first quarter. Advantus Capital Management Inc now owns 5,269 shares of the specialty retailer’s stock worth $629,000 after buying an additional 174 shares in the last quarter. Finally, Profund Advisors LLC boosted its stake in Pool Corporation by 3.3% in the first quarter. Profund Advisors LLC now owns 5,668 shares of the specialty retailer’s stock worth $676,000 after buying an additional 182 shares in the last quarter. 92.08% of the stock is owned by institutional investors.
About Pool Corporation
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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