Pool (NASDAQ:POOL) Price Target Cut to $305.00

Pool (NASDAQ:POOL) had its price objective cut by Loop Capital from $370.00 to $305.00 in a report published on Tuesday, Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

A number of other equities research analysts have also commented on POOL. Stifel Nicolaus decreased their price objective on shares of Pool from $370.00 to $360.00 and set a hold rating on the stock in a report on Monday, April 29th. Stephens decreased their price objective on Pool from $425.00 to $350.00 and set an overweight rating on the stock in a research report on Tuesday. Wells Fargo & Company lowered their target price on Pool from $360.00 to $290.00 and set an equal weight rating for the company in a research note on Tuesday. Oppenheimer cut their price target on Pool from $416.00 to $356.00 and set an outperform rating on the stock in a research note on Tuesday. Finally, Robert W. Baird lowered their price objective on Pool from $380.00 to $305.00 and set a neutral rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $328.00.

Pool Stock Down 0.1 %

Shares of NASDAQ POOL opened at $307.33 on Tuesday. Pool has a 52-week low of $299.24 and a 52-week high of $422.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88. The business has a fifty day moving average of $355.38 and a two-hundred day moving average of $377.78. The stock has a market cap of $11.78 billion, a PE ratio of 24.05, a PEG ratio of 2.30 and a beta of 1.02.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. Pool’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.46 earnings per share. As a group, equities research analysts expect that Pool will post 10.94 earnings per share for the current fiscal year.

Pool Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a $1.20 dividend. This is a positive change from Pool’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $4.80 annualized dividend and a yield of 1.56%. Pool’s dividend payout ratio is presently 37.56%.

Hedge Funds Weigh In On Pool

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Pool by 56.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock valued at $308,156,000 after purchasing an additional 313,190 shares during the period. Swedbank AB bought a new stake in shares of Pool during the first quarter worth $96,528,000. Adage Capital Partners GP L.L.C. raised its holdings in shares of Pool by 463.2% during the third quarter. Adage Capital Partners GP L.L.C. now owns 240,623 shares of the specialty retailer’s stock worth $85,686,000 after acquiring an additional 197,900 shares during the period. International Assets Investment Management LLC lifted its position in Pool by 30,047.2% in the 4th quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock valued at $73,322,000 after acquiring an additional 183,288 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in Pool by 585.6% in the 4th quarter. TD Asset Management Inc now owns 183,060 shares of the specialty retailer’s stock worth $72,988,000 after purchasing an additional 156,361 shares during the period. Institutional investors and hedge funds 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.