Pool Co. (NASDAQ:POOL) Plans Quarterly Dividend of $1.20

Pool Co. (NASDAQ:POOL) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Wednesday, November 13th will be paid a dividend of 1.20 per share by the specialty retailer on Wednesday, November 27th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Wednesday, November 13th.

Pool has increased its dividend payment by an average of 23.4% per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Pool has a payout ratio of 39.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pool to earn $12.04 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 39.9%.

Pool Stock Down 0.8 %

Shares of NASDAQ POOL opened at $361.64 on Friday. The company has a 50 day simple moving average of $360.80 and a 200 day simple moving average of $352.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. Pool has a 1 year low of $293.51 and a 1 year high of $422.73. The firm has a market cap of $13.84 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 2.21 and a beta of 1.01.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the firm earned $3.50 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, research analysts forecast that Pool will post 11.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on POOL. Stifel Nicolaus upped their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday. Robert W. Baird increased their target price on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Loop Capital raised their price target on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Oppenheimer upped their price objective on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday. Finally, The Goldman Sachs Group lifted their target price on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $369.11.

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.