BidaskClub lowered shares of Pool Corporation (NASDAQ:POOL) from a hold rating to a sell rating in a report released on Thursday morning.

POOL has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Pool Corporation from a hold rating to a buy rating and set a $119.00 target price for the company in a research note on Tuesday, July 25th. Johnson Rice raised shares of Pool Corporation from an accumulate rating to a buy rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $125.67.

Pool Corporation (POOL) traded down 2.79% during midday trading on Thursday, reaching $100.14. 560,284 shares of the company’s stock traded hands. Pool Corporation has a 52-week low of $88.64 and a 52-week high of $124.25. The firm has a market cap of $4.13 billion, a PE ratio of 26.03 and a beta of 0.91. The firm’s 50-day moving average is $110.37 and its 200 day moving average is $116.47.

Pool Corporation (NASDAQ:POOL) last released its earnings results on Thursday, July 20th. The specialty retailer reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by $0.03. The company had revenue of $988.16 million during the quarter. Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.98 EPS. Equities research analysts expect that Pool Corporation will post $4.21 earnings per share for the current fiscal year.

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Pool Corporation declared that its board has initiated a share repurchase program on Wednesday, May 3rd that allows the company to buyback $150.00 million in shares. This buyback authorization allows the specialty retailer to purchase up to 3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Monday, August 7th. Pool Corporation’s dividend payout ratio is presently 38.74%.

A number of institutional investors have recently bought and sold shares of POOL. TrimTabs Asset Management LLC acquired a new position in Pool Corporation during the first quarter worth about $124,000. FNY Partners Fund LP acquired a new position in Pool Corporation during the first quarter worth about $126,000. Northwestern Mutual Wealth Management Co. raised its position in Pool Corporation by 1,198.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the specialty retailer’s stock worth $134,000 after buying an additional 1,055 shares in the last quarter. Huntington National Bank raised its position in Pool Corporation by 27.9% in the second quarter. Huntington National Bank now owns 1,481 shares of the specialty retailer’s stock worth $174,000 after buying an additional 323 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in Pool Corporation during the second quarter worth about $188,000. 92.85% of the stock is owned by institutional investors.

Pool Corporation Company Profile

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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