KeyCorp Raises Pool (NASDAQ:POOL) Price Target to $500.00

Pool (NASDAQ:POOL) had its target price increased by KeyCorp from $450.00 to $500.00 in a research report released on Tuesday morning, Analyst Ratings Network reports. The firm currently has an overweight rating on the specialty retailer’s stock.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group initiated coverage on Pool in a research note on Tuesday, May 18th. They set a buy rating and a $535.00 price target for the company. Jefferies Financial Group reiterated a hold rating and set a $410.00 price target on shares of Pool in a research note on Wednesday, May 5th. Robert W. Baird increased their price target on Pool from $360.00 to $444.00 and gave the stock an outperform rating in a research note on Friday, April 23rd. Loop Capital increased their price target on Pool from $440.00 to $470.00 and gave the stock a buy rating in a research note on Friday, June 4th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Pool from a buy rating to a hold rating and set a $362.00 price target for the company. in a research note on Wednesday, March 17th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $436.29.

Shares of NASDAQ:POOL opened at $429.00 on Tuesday. The company has a market cap of $17.22 billion, a P/E ratio of 40.24 and a beta of 0.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.80 and a quick ratio of 0.64. The company has a fifty day simple moving average of $413.82. Pool has a 1 year low of $244.91 and a 1 year high of $449.44.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Wednesday, April 21st. The specialty retailer reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $1.27. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $825.73 million. Pool had a return on equity of 71.77% and a net margin of 10.06%. The business’s revenue for the quarter was up 56.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. On average, sell-side analysts forecast that Pool will post 12.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Investors of record on Monday, May 17th were issued a dividend of $0.80 per share. This is a boost from Pool’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, May 14th. This represents a $3.20 dividend on an annualized basis and a yield of 0.75%. Pool’s dividend payout ratio is 38.00%.

In other Pool news, General Counsel Jennifer M. Neil sold 1,795 shares of the firm’s stock in a transaction dated Monday, May 24th. The stock was sold at an average price of $430.80, for a total value of $773,286.00. Following the sale, the general counsel now owns 12,794 shares of the company’s stock, valued at approximately $5,511,655.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Romain Kenneth G. St sold 9,310 shares of the firm’s stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $444.97, for a total value of $4,142,670.70. Following the completion of the sale, the vice president now directly owns 88,517 shares in the company, valued at approximately $39,387,409.49. The disclosure for this sale can be found here. Insiders have sold a total of 50,711 shares of company stock worth $21,757,571 in the last three months. 4.00% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in POOL. SkyView Investment Advisors LLC raised its holdings in shares of Pool by 423.5% in the 1st quarter. SkyView Investment Advisors LLC now owns 89 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 72 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Pool in the 4th quarter valued at about $34,000. Rational Advisors LLC purchased a new stake in shares of Pool in the 4th quarter valued at about $50,000. Meeder Asset Management Inc. raised its holdings in shares of Pool by 67.4% in the 1st quarter. Meeder Asset Management Inc. now owns 159 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 64 shares in the last quarter. Finally, Vantage Consulting Group Inc purchased a new stake in shares of Pool in the 4th quarter valued at about $56,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.

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