Pool Co. (NASDAQ:POOL) Given Average Rating of “Hold” by Analysts

Shares of Pool Co. (NASDAQ:POOL) have been given a consensus recommendation of “Hold” by the five research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $397.80.

Several research analysts have recently weighed in on POOL shares. Loop Capital lowered 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 lowered Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Oppenheimer lifted their price objective on Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $370.00 price objective on shares of Pool in a research report on Tuesday, March 5th.

Insider Activity at Pool

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $401.00, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Pool

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Pool by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,424,510 shares of the specialty retailer’s stock valued at $1,870,904,000 after purchasing an additional 12,654 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Pool by 3.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,845,204 shares of the specialty retailer’s stock valued at $657,077,000 after purchasing an additional 63,413 shares during the last quarter. Select Equity Group L.P. boosted its stake in Pool by 10.3% during the 4th quarter. Select Equity Group L.P. now owns 1,502,159 shares of the specialty retailer’s stock valued at $454,148,000 after purchasing an additional 139,946 shares during the last quarter. Morgan Stanley boosted its stake in shares of Pool by 62.4% in the 4th quarter. Morgan Stanley now owns 1,204,052 shares of the specialty retailer’s stock worth $364,021,000 after buying an additional 462,507 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Pool by 56.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock worth $308,156,000 after buying an additional 313,190 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Down 0.5 %

Shares of POOL opened at $361.13 on Monday. The company has a market capitalization of $13.90 billion, a PE ratio of 27.11, a PEG ratio of 3.35 and a beta of 1.00. Pool has a 12 month low of $307.77 and a 12 month high of $422.73. The stock’s 50-day moving average price is $394.15 and its two-hundred day moving average price is $373.05. The company has a current ratio of 2.36, a quick ratio of 0.58 and a debt-to-equity ratio of 0.77.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, topping the consensus estimate of $1.28 by $0.02. Pool had a return on equity of 37.94% and a net margin of 9.44%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned $1.79 EPS. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, analysts anticipate that Pool will post 13.3 EPS for the current year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Wednesday, March 13th. Pool’s payout ratio is 33.03%.

Pool Company Profile

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.