Pool Corporation (NASDAQ:POOL) Stock Has Average Target Price of $227.70 According to Brokerages

Shares of Pool Corporation (NASDAQ:POOL) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $227.70.

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on Pool from $165.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Friday, October 23rd. Deutsche Bank Aktiengesellschaft set a $185.00 price target on shares of Pool in a research report on Friday, July 24th. Citigroup reissued an “underperform” rating on shares of Pool in a research note on Monday, October 19th. Oppenheimer decreased their price objective on shares of Pool from $280.00 to $227.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Finally, Robert W. Baird set a $250.00 target price on shares of Pool in a research note on Friday, October 23rd.

Pool Stock Up 4.3%

Shares of Pool stock opened at $214.76 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 2.46 and a debt-to-equity ratio of 0.93. Pool has a 12 month low of $152.70 and a 12 month high of $278.17. The business has a fifty day simple moving average of $175.44 and a 200 day simple moving average of $202.69. The stock has a market cap of $7.80 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 2.97 and a beta of 1.05.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 22nd. The specialty retailer reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.36 by $0.04. Pool had a return on equity of 33.50% and a net margin of 7.27%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $3.39 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. Research analysts predict that Pool will post 10.95 EPS for the current year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, November 10th. Pool’s dividend payout ratio (DPR) is currently 47.84%.

Institutional Trading of Pool

A number of large investors have recently made changes to their positions in POOL. Pacer Advisors Inc. grew its position in Pool by 1.5% in the first quarter. Pacer Advisors Inc. now owns 3,384 shares of the specialty retailer’s stock valued at $685,000 after purchasing an additional 51 shares in the last quarter. Signaturefd LLC increased its position in shares of Pool by 11.2% during the 3rd quarter. Signaturefd LLC now owns 538 shares of the specialty retailer’s stock worth $87,000 after purchasing an additional 54 shares during the last quarter. IFP Advisors Inc increased its position in shares of Pool by 117.9% during the 2nd quarter. IFP Advisors Inc now owns 122 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 66 shares during the last quarter. Gibbs Wealth Management increased its position in shares of Pool by 5.1% during the 3rd quarter. Gibbs Wealth Management now owns 1,616 shares of the specialty retailer’s stock worth $262,000 after purchasing an additional 78 shares during the last quarter. Finally, Cim LLC raised its stake in shares of Pool by 2.4% during the 1st quarter. Cim LLC now owns 3,613 shares of the specialty retailer’s stock worth $731,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

About Pool

Pool Corporation, doing business as POOLCORP, is a wholesale distributor of swimming pool and outdoor living products. The company supplies pool contractors, retailers, builders, and service professionals with products used to construct, renovate, maintain, and enhance residential and commercial pools.

Its product offerings include swimming pool equipment, pumps, filters, heaters, cleaners, lighting, chemicals, replacement parts, and maintenance supplies. POOLCORP also distributes products for outdoor living, including patio and recreational items, as well as irrigation and landscape-related supplies in selected markets.

Founded in 1993 and headquartered in Covington, Louisiana, POOLCORP serves customers through a network of distribution centers and sales operations in the United States, Canada, Europe, and Australia.