Pool (NASDAQ:POOL) Price Target Raised to $395.00

Pool (NASDAQ:POOL) had its price target upped by Loop Capital from $345.00 to $395.00 in a research report report published on Friday, Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

POOL has been the topic of several other reports. Oppenheimer upped their target price on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. The Goldman Sachs Group increased their price objective on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Stifel Nicolaus lifted their price objective on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Finally, Robert W. Baird upped their target price on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $367.89.

Pool Stock Performance

POOL stock opened at $366.00 on Friday. The firm has a 50-day simple moving average of $359.72 and a two-hundred day simple moving average of $352.87. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. Pool has a one year low of $293.51 and a one year high of $422.73. The firm has a market cap of $14.00 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.57 and a beta of 1.01.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. Pool had a net margin of 8.58% and a return on equity of 32.85%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the company posted $3.50 earnings per share. Pool’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts forecast that Pool will post 10.98 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s payout ratio is presently 40.47%.

Hedge Funds Weigh In On Pool

Several large investors have recently made changes to their positions in POOL. Tortoise Investment Management LLC grew its position in shares of Pool by 68.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 42 shares during the period. Crewe Advisors LLC increased its position in shares of Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 79 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Pool by 26.2% during the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after buying an additional 43 shares during the period. Ridgewood Investments LLC purchased a new position in shares of Pool during the 2nd quarter valued at approximately $74,000. Finally, Summit Securities Group LLC acquired a new stake in Pool in the 2nd quarter valued at $75,000. 98.99% of the stock is currently 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.