Analysts Set Pool Co. (NASDAQ:POOL) Price Target at $388.63

Pool Co. (NASDAQ:POOL) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $388.63.

A number of equities research analysts have weighed in on the stock. TheStreet downgraded shares of Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Stifel Nicolaus reissued a “hold” rating and set a $370.00 price objective on shares of Pool in a report on Tuesday, March 5th. Loop Capital cut Pool from a “buy” rating to a “hold” rating and lifted their price objective for the company from $380.00 to $415.00 in a report on Monday, January 8th. Finally, Oppenheimer lifted their price objective on Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a report on Thursday, March 28th.

Insider Transactions at Pool

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the business’s stock in a transaction that occurred on 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 transaction, the general counsel now directly owns 8,622 shares in the company, valued at approximately $3,457,422. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Pool

Institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. raised its stake in Pool by 14.6% in the 1st quarter. American Century Companies Inc. now owns 5,536 shares of the specialty retailer’s stock valued at $2,341,000 after acquiring an additional 704 shares during the period. Panagora Asset Management Inc. raised its stake in Pool by 70.6% in the 1st quarter. Panagora Asset Management Inc. now owns 3,161 shares of the specialty retailer’s stock valued at $1,337,000 after acquiring an additional 1,308 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Pool by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,364 shares of the specialty retailer’s stock valued at $2,268,000 after acquiring an additional 332 shares during the period. Raymond James Trust N.A. raised its stake in Pool by 14.1% in the 1st quarter. Raymond James Trust N.A. now owns 1,744 shares of the specialty retailer’s stock valued at $738,000 after acquiring an additional 215 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Pool by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 265,934 shares of the specialty retailer’s stock valued at $112,497,000 after acquiring an additional 3,766 shares during the period. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 1.6 %

NASDAQ:POOL opened at $364.15 on Monday. Pool has a 12 month low of $307.77 and a 12 month high of $422.73. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 3.47 and a beta of 1.00. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77. The company’s 50 day moving average is $395.15 and its 200-day moving average is $372.55.

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

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.21%. Pool’s payout ratio is currently 33.03%.

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.