Pool Co. (NASDAQ:POOL) Receives $440.78 Average PT from Analysts

Shares of Pool Co. (NASDAQ:POOLGet Rating) have been given an average rating of “Moderate Buy” by the twelve ratings firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $448.56.

A number of equities research analysts have recently issued reports on the stock. Edward Jones assumed coverage on shares of Pool in a research note on Tuesday, April 12th. They issued a “hold” rating on the stock. KeyCorp reduced their price target on shares of Pool from $570.00 to $465.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. Jefferies Financial Group reduced their price target on shares of Pool from $485.00 to $400.00 in a research note on Tuesday, June 14th. Stephens reduced their price target on shares of Pool to $400.00 in a research note on Tuesday, July 26th. Finally, The Goldman Sachs Group reduced their price target on shares of Pool from $560.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, June 23rd.

Insiders Place Their Bets

In other news, CEO Peter D. Arvan purchased 500 shares of the stock in a transaction on Wednesday, May 18th. The stock was bought at an average price of $387.08 per share, for a total transaction of $193,540.00. Following the acquisition, the chief executive officer now directly owns 61,825 shares of the company’s stock, valued at approximately $23,931,221. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Pool by 1.8% during the 1st quarter. BlackRock Inc. now owns 4,512,465 shares of the specialty retailer’s stock worth $1,908,095,000 after acquiring an additional 80,027 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Pool by 0.3% in 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 buying an additional 12,654 shares in the last quarter. State Street Corp boosted its holdings in shares of Pool by 4.1% in the 4th quarter. State Street Corp now owns 1,713,981 shares of the specialty retailer’s stock valued at $970,113,000 after buying an additional 68,052 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Pool by 4.9% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,341,674 shares of the specialty retailer’s stock valued at $759,391,000 after buying an additional 62,820 shares in the last quarter. Finally, Select Equity Group L.P. boosted its holdings in shares of Pool by 14.7% in the 1st quarter. Select Equity Group L.P. now owns 966,232 shares of the specialty retailer’s stock valued at $408,571,000 after buying an additional 123,545 shares in the last quarter. Institutional investors and hedge funds own 91.88% of the company’s stock.

Pool Price Performance

Shares of POOL stock opened at $373.64 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.77 and a quick ratio of 1.00. The firm’s 50-day moving average is $368.97 and its two-hundred day moving average is $413.27. Pool has a 12 month low of $324.14 and a 12 month high of $582.27. The company has a market capitalization of $14.79 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 1.98 and a beta of 0.88.

Pool (NASDAQ:POOLGet Rating) last issued its earnings results on Thursday, July 21st. The specialty retailer reported $7.59 EPS for the quarter, topping analysts’ consensus estimates of $7.40 by $0.19. Pool had a net margin of 13.17% and a return on equity of 68.34%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the firm earned $6.37 earnings per share. Pool’s quarterly revenue was up 15.0% compared to the same quarter last year. Analysts predict that Pool will post 18.37 earnings per share for the current year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, August 10th. Pool’s dividend payout ratio (DPR) is presently 20.80%.

About Pool

(Get Rating)

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; fiberglass pools, and hot tubs and 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 related products consisting of irrigation system components, and professional lawn care equipment and supplies.

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Analyst Recommendations for Pool (NASDAQ:POOL)

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