Pool Co. (NASDAQ:POOL) Given Average Rating of “Hold” by Brokerages
Shares of Pool Co. (NASDAQ:POOL – Get Free Report) have been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $378.00.
Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of Pool from a “buy” rating to a “hold” rating and lowered their target price for the company from $371.00 to $368.00 in a research note on Friday. Oppenheimer lowered their target price on shares of Pool from $375.00 to $370.00 and set an “outperform” rating on the stock in a research note on Friday, October 20th. Finally, StockNews.com assumed coverage on shares of Pool in a research note on Thursday, October 5th. They set a “hold” rating on the stock.
Check Out Our Latest Stock Analysis on POOL
Pool Stock Up 0.5 %
POOL stock opened at $355.88 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 2.58 and a debt-to-equity ratio of 0.70. Pool has a fifty-two week low of $295.95 and a fifty-two week high of $423.97. The firm’s 50-day simple moving average is $340.37 and its 200 day simple moving average is $351.84. The stock has a market cap of $13.77 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 4.60 and a beta of 0.96.
Pool (NASDAQ:POOL – Get Free Report) last released its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $3.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.50. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Pool had a net margin of 9.65% and a return on equity of 39.98%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $4.76 EPS. As a group, sell-side analysts predict that Pool will post 13.16 EPS for the current year.
Pool Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, November 7th. Pool’s payout ratio is 31.84%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in POOL. Clear Street Markets LLC boosted its holdings in shares of Pool by 94.9% in the first quarter. Clear Street Markets LLC now owns 76 shares of the specialty retailer’s stock worth $26,000 after buying an additional 37 shares during the period. PSI Advisors LLC acquired a new stake in shares of Pool during the second quarter worth approximately $32,000. Venturi Wealth Management LLC boosted its holdings in shares of Pool by 65.4% during the second quarter. Venturi Wealth Management LLC now owns 86 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 34 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Pool during the third quarter worth approximately $33,000. Finally, West Tower Group LLC acquired a new stake in shares of Pool during the second quarter worth approximately $34,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.
About Pool (Get Free Report
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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Original: MarketBeat News Feed: Pool Co. (NASDAQ:POOL) Given Average Rating of “Hold” by Brokerages