Pool (NASDAQ:POOL) Given New $408.00 Price Target at Robert W. Baird

Pool (NASDAQ:POOL) had its price objective upped by Robert W. Baird from $377.00 to $408.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the specialty retailer’s stock.

A number of other brokerages also recently weighed in on POOL. Stephens lowered their target price 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. Loop Capital dropped their price objective on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a report on Tuesday, June 25th. The Goldman Sachs Group increased their target price on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Stifel Nicolaus increased their price objective on Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $357.89.

Pool Stock Up 2.0 %

POOL opened at $371.98 on Wednesday. The firm has a market capitalization of $14.26 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 2.68 and a beta of 1.01. Pool has a one year low of $293.51 and a one year high of $422.73. The company has a fifty day moving average price of $356.96 and a 200-day moving average price of $354.55. 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 (NASDAQ:POOL) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping the consensus estimate of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the business earned $5.89 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. Equities research analysts expect that Pool will post 10.98 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.29%. Pool’s dividend payout ratio (DPR) is currently 37.56%.

Institutional Trading of Pool

A number of institutional investors have recently made changes to their positions in POOL. Nordea Investment Management AB raised its holdings in Pool by 154.0% during the 1st quarter. Nordea Investment Management AB now owns 124,784 shares of the specialty retailer’s stock valued at $50,856,000 after buying an additional 75,655 shares during the last quarter. TD Asset Management Inc increased its position in shares of Pool by 67.4% in the first quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock valued at $123,651,000 after acquiring an additional 123,387 shares during the period. M&G Plc bought a new position in shares of Pool during the first quarter valued at about $4,436,000. Park Place Capital Corp boosted its holdings in shares of Pool by 173.8% during the first quarter. Park Place Capital Corp now owns 824 shares of the specialty retailer’s stock worth $332,000 after purchasing an additional 523 shares during the period. Finally, Toronto Dominion Bank increased its holdings in Pool by 16.1% during the 2nd quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock valued at $4,109,000 after purchasing an additional 1,858 shares during the period. Hedge funds and other 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.