Pool (NASDAQ:POOL) PT Raised to $330.00 at Wells Fargo & Company

Pool (NASDAQ:POOL) had its price objective boosted by Wells Fargo & Company from $285.00 to $330.00 in a report published on Friday morning, Benzinga reports. The firm currently has an equal weight rating on the specialty retailer’s stock.

A number of other analysts also recently issued reports on POOL. Robert W. Baird raised their price target on shares of Pool from $305.00 to $377.00 and gave the stock a neutral rating in a report on Friday. Bank of America cut their target price on Pool from $338.00 to $290.00 and set an underperform rating for the company in a research note on Tuesday, June 25th. Stephens decreased their price target on Pool from $425.00 to $350.00 and set an overweight rating on the stock in a research note on Tuesday, June 25th. Oppenheimer cut their price objective on Pool from $416.00 to $356.00 and set an outperform rating for the company in a research report on Tuesday, June 25th. Finally, Stifel Nicolaus decreased their target price on shares of Pool from $360.00 to $310.00 and set a hold rating on the stock in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Pool has an average rating of Hold and an average price target of $347.22.

Pool Stock Performance

NASDAQ POOL opened at $369.13 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. The stock’s fifty day moving average is $336.23 and its two-hundred day moving average is $368.38. The firm has a market capitalization of $14.15 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 2.72 and a beta of 1.00. Pool has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.09. Pool had a net margin of 8.58% and a return on equity of 32.85%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company posted $5.89 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. On average, research analysts anticipate that Pool will post 11.04 earnings per share for the current year.

Pool Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Wednesday, May 15th. This is a boost from Pool’s previous quarterly dividend of $1.10. Pool’s dividend payout ratio is currently 37.56%.

Institutional Investors Weigh In On Pool

Several large investors have recently added to or reduced their stakes in the business. Taylor Frigon Capital Management LLC grew its stake in shares of Pool by 0.8% in the second quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock worth $1,089,000 after acquiring an additional 28 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Pool by 5.4% in the first quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer’s stock valued at $236,000 after acquiring an additional 30 shares in the last quarter. Czech National Bank grew its stake in Pool by 0.4% during the 1st quarter. Czech National Bank now owns 6,805 shares of the specialty retailer’s stock worth $2,746,000 after purchasing an additional 30 shares in the last quarter. TIAA Trust National Association increased its holdings in Pool by 4.2% during the 1st quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock worth $301,000 after purchasing an additional 30 shares during the period. Finally, Great Lakes Advisors LLC raised its position in Pool by 1.2% in the 4th quarter. Great Lakes Advisors LLC now owns 2,724 shares of the specialty retailer’s stock valued at $1,086,000 after purchasing an additional 31 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

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.