Pool (NASDAQ:POOL – Free Report) had its price objective increased by Wells Fargo & Company from $330.00 to $370.00 in a report published on Monday, Benzinga reports. They currently have an equal weight rating on the specialty retailer’s stock.
POOL has been the topic of a number of other research reports. Loop Capital decreased their price objective on shares of Pool from $370.00 to $305.00 and set a hold rating on the stock in a report on Tuesday, June 25th. Robert W. Baird upped their target price on shares of Pool from $305.00 to $377.00 and gave the stock a neutral rating in a research report on Friday, July 26th. Stephens lowered their price target on shares of Pool from $425.00 to $350.00 and set an overweight rating for the company in a report on Tuesday, June 25th. Bank of America reduced their price objective on Pool from $338.00 to $290.00 and set an underperform rating on the stock in a report on Tuesday, June 25th. Finally, The Goldman Sachs Group lifted 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $354.44.
View Our Latest Analysis on POOL
Pool Stock Down 0.9 %
Pool (NASDAQ:POOL – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the company earned $5.89 EPS. Pool’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities research analysts expect that Pool will post 10.99 earnings per share for the current fiscal year.
Pool Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $1.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.32%. Pool’s dividend payout ratio (DPR) is 37.56%.
Institutional Trading of Pool
A number of hedge funds and other institutional investors have recently made changes to their positions in POOL. Tortoise Investment Management LLC increased its stake in Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 42 shares during the last quarter. Crewe Advisors LLC grew its holdings in shares of Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 79 shares in the last quarter. UMB Bank n.a. increased its position in shares of Pool by 221.6% in the first quarter. UMB Bank n.a. now owns 164 shares of the specialty retailer’s stock valued at $66,000 after acquiring an additional 113 shares during the last quarter. Ridgewood Investments LLC bought a new stake in Pool during the second quarter worth about $74,000. Finally, Summit Securities Group LLC acquired a new position in Pool during the second quarter valued at approximately $75,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.
About Pool
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.
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