Pool Co. (NASDAQ:POOL) Receives $368.00 Average PT from Analysts

Pool Co. (NASDAQ:POOL) has been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $365.33.

POOL has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Pool in a research note on Tuesday. They issued a “hold” rating and a $344.00 price target on the stock. Finally, StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th.

Pool Stock Performance

Shares of Pool stock opened at $315.05 on Monday. Pool has a 52 week low of $293.51 and a 52 week high of $402.45. The firm has a fifty day moving average of $336.70 and a two-hundred day moving average of $352.37. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 2.03 and a beta of 1.13.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $987.48 million during the quarter, compared to analysts’ expectations of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. As a group, equities research analysts predict that Pool will post 11.32 EPS for the current year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Wednesday, March 12th. Pool’s payout ratio is presently 42.55%.

Insider Buying and Selling at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the sale, the director now directly owns 62,577 shares in the company, valued at $21,651,642. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jennifer M. Neil sold 1,223 shares of the company’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $315.00, for a total value of $385,245.00. Following the completion of the transaction, the senior vice president now directly owns 9,667 shares in the company, valued at approximately $3,045,105. This represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Pool

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its position in shares of Pool by 790.9% in the 1st quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 87 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Pool by 101.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 222 shares of the specialty retailer’s stock worth $71,000 after acquiring an additional 112 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Pool in the 4th quarter valued at approximately $4,190,000. Cim LLC grew its holdings in shares of Pool by 2.3% during the 4th quarter. Cim LLC now owns 2,955 shares of the specialty retailer’s stock valued at $1,007,000 after purchasing an additional 67 shares during the last quarter. Finally, Menard Financial Group LLC bought a new position in Pool in the 4th quarter valued at approximately $88,000. 98.99% of the stock is owned by institutional investors and hedge funds.

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.