Pool (POOL) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of Pool (NASDAQ:POOL) from a hold rating to a buy rating in a report released on Wednesday.

Several other equities analysts also recently commented on the company. ValuEngine downgraded Pool from a buy rating to a hold rating in a research note on Thursday, May 31st. Zacks Investment Research upgraded Pool from a hold rating to a buy rating and set a $164.00 target price on the stock in a research report on Monday, May 28th. Stephens set a $160.00 target price on Pool and gave the stock a hold rating in a research report on Thursday, February 15th. Finally, Robert W. Baird restated a buy rating and set a $158.00 target price on shares of Pool in a research report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Pool presently has a consensus rating of Buy and an average price target of $153.25.

Pool stock opened at $149.28 on Wednesday. Pool has a 12 month low of $97.25 and a 12 month high of $151.47. The company has a current ratio of 1.97, a quick ratio of 0.65 and a debt-to-equity ratio of 2.19. The company has a market capitalization of $6.05 billion, a P/E ratio of 37.41 and a beta of 0.81.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, April 19th. The specialty retailer reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. Pool had a return on equity of 74.42% and a net margin of 7.10%. The business had revenue of $585.90 million for the quarter. During the same quarter in the previous year, the company posted $0.52 EPS. Pool’s revenue for the quarter was up 7.2% on a year-over-year basis. analysts predict that Pool will post 5.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 18th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.21%. This is an increase from Pool’s previous quarterly dividend of $0.37. Pool’s dividend payout ratio is currently 45.11%.

Pool announced that its board has initiated a stock repurchase program on Thursday, May 3rd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire up to 3.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

In related news, Director John E. Stokely sold 10,000 shares of the stock in a transaction on Monday, May 21st. The stock was sold at an average price of $148.44, for a total value of $1,484,400.00. Following the sale, the director now owns 30,495 shares in the company, valued at $4,526,677.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Hart Melanie Housey sold 3,500 shares of the stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $147.95, for a total value of $517,825.00. Following the completion of the sale, the insider now owns 12,215 shares in the company, valued at approximately $1,807,209.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,512 shares of company stock worth $4,776,350. Company insiders own 6.00% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. American Century Companies Inc. raised its position in shares of Pool by 20.4% in the fourth quarter. American Century Companies Inc. now owns 22,373 shares of the specialty retailer’s stock worth $2,901,000 after buying an additional 3,786 shares in the last quarter. Raymond James & Associates raised its position in shares of Pool by 14.8% in the fourth quarter. Raymond James & Associates now owns 128,870 shares of the specialty retailer’s stock worth $16,708,000 after buying an additional 16,623 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Pool in the fourth quarter worth $4,354,000. New Mexico Educational Retirement Board purchased a new stake in shares of Pool in the fourth quarter worth $1,322,000. Finally, Lombard Odier Asset Management Switzerland SA raised its position in shares of Pool by 8.6% in the fourth quarter. Lombard Odier Asset Management Switzerland SA now owns 76,000 shares of the specialty retailer’s stock worth $9,853,000 after buying an additional 6,000 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.

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