Robert W. Baird Raises Pool (NASDAQ:POOL) Price Target to $408.00

Pool (NASDAQ:POOL) had its target price boosted by Robert W. Baird from $377.00 to $408.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.

POOL has been the topic of several other reports. Stifel Nicolaus upped their price objective on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Stephens decreased their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. Oppenheimer increased their price target on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, The Goldman Sachs Group increased their price target on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and an average target price of $357.89.

Pool Stock Up 0.3 %

Pool stock opened at $370.41 on Wednesday. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 2.70 and a beta of 1.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. Pool has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The firm has a fifty day moving average price of $358.22 and a two-hundred day moving average price of $354.56.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.09. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.89 earnings per share. As a group, analysts forecast that Pool will post 10.98 earnings per share for the current year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $1.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.30%. Pool’s dividend payout ratio (DPR) is presently 40.47%.

Institutional Investors Weigh In On Pool

Several large investors have recently made changes to their positions in POOL. Allspring Global Investments Holdings LLC grew its position in Pool by 19.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,457 shares of the specialty retailer’s stock valued at $1,679,000 after purchasing an additional 719 shares in the last quarter. Blue Trust Inc. grew its position in shares of Pool by 188.2% in the 3rd quarter. Blue Trust Inc. now owns 709 shares of the specialty retailer’s stock valued at $267,000 after acquiring an additional 463 shares during the period. Net Worth Advisory Group bought a new position in shares of Pool in the 3rd quarter valued at about $264,000. V Square Quantitative Management LLC grew its position in shares of Pool by 5.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,146 shares of the specialty retailer’s stock valued at $432,000 after acquiring an additional 58 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Pool by 3.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,276 shares of the specialty retailer’s stock valued at $5,756,000 after acquiring an additional 572 shares during the period. Institutional investors own 98.99% of the company’s stock.

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.