Pool (NASDAQ:POOL) PT Lowered to $350.00

Pool (NASDAQ:POOL) had its price objective decreased by Stephens from $425.00 to $350.00 in a report released on Tuesday, Benzinga reports. Stephens currently has an overweight rating on the specialty retailer’s stock.

POOL has been the subject of several other reports. Wells Fargo & Company dropped their target price on Pool from $360.00 to $290.00 and set an equal weight rating for the company in a research report on Tuesday. Oppenheimer lowered their price objective on Pool from $416.00 to $356.00 and set an outperform rating for the company in a research report on Tuesday. 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. Stifel Nicolaus lowered their price objective on Pool from $370.00 to $360.00 and set a hold rating for the company in a research report on Monday, April 29th. Finally, Loop Capital lowered their price objective on Pool from $415.00 to $370.00 and set a hold rating for the company in a research report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Pool has a consensus rating of Hold and an average price target of $328.00.

Pool Price Performance

Pool stock opened at $307.33 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $11.78 billion, a PE ratio of 24.05, a P/E/G ratio of 2.30 and a beta of 1.02. Pool has a 12 month low of $299.24 and a 12 month high of $422.73. The stock has a 50-day moving average price of $355.38 and a two-hundred day moving average price of $377.78.

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

Pool Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $4.80 annualized dividend and a yield of 1.56%. This is a boost from Pool’s previous quarterly dividend of $1.10. Pool’s dividend payout ratio (DPR) is currently 37.56%.

Institutional Investors Weigh In On Pool

A number of hedge funds have recently added to or reduced their stakes in POOL. Turtle Creek Wealth Advisors LLC acquired a new stake in Pool in the fourth quarter valued at approximately $28,000. Stuart Chaussee & Associates Inc. grew its stake in Pool by 250.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 55 shares during the period. CVA Family Office LLC acquired a new stake in Pool in the fourth quarter valued at approximately $34,000. Lindbrook Capital LLC grew its stake in Pool by 73.7% in the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 42 shares during the period. Finally, VisionPoint Advisory Group LLC grew its stake in Pool by 11,800.0% in the fourth quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 118 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.