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

Pool Corporation (NASDAQ:POOL) has earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $227.70.

POOL has been the subject of several recent analyst reports. Oppenheimer lowered their price target on Pool from $280.00 to $227.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. DA Davidson cut their price objective on shares of Pool from $210.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, October 23rd. Citigroup reissued an “underperform” rating on shares of Pool in a research report on Monday, October 19th. Robert W. Baird set a $250.00 price objective on shares of Pool in a research note on Friday, October 23rd. Finally, Longbow Research cut shares of Pool from a “buy” rating to a “neutral” rating in a report on Monday, October 19th.

Institutional Investors Weigh In On Pool

Several institutional investors and hedge funds have recently made changes to their positions in the company. Deprince Race & Zollo Inc. raised its stake in shares of Pool by 197.5% in the first quarter. Deprince Race & Zollo Inc. now owns 170,676 shares of the specialty retailer’s stock worth $34,533,000 after purchasing an additional 113,306 shares during the last quarter. Stanley Capital Management LLC bought a new position in shares of Pool during the second quarter valued at $13,324,000. Formuepleje A S lifted its holdings in shares of Pool by 8.2% during the second quarter. Formuepleje A S now owns 157,327 shares of the specialty retailer’s stock valued at $33,810,000 after purchasing an additional 11,868 shares in the last quarter. Freestone Grove Partners LP bought a new position in shares of Pool during the second quarter valued at $2,448,000. Finally, Bank of America Corp DE boosted its position in shares of Pool by 48.0% during the first quarter. Bank of America Corp DE now owns 261,402 shares of the specialty retailer’s stock valued at $52,889,000 after buying an additional 84,817 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Up 4.4%

Shares of NASDAQ:POOL opened at $204.12 on Tuesday. The stock has a fifty day simple moving average of $174.59 and a two-hundred day simple moving average of $203.19. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 2.97 and a beta of 1.05. Pool has a 12-month low of $152.70 and a 12-month high of $284.98. The company has a current ratio of 2.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.93.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 22nd. The specialty retailer reported $3.40 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company posted $3.39 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, research analysts anticipate that Pool will post 10.95 earnings per share for the current fiscal year.

Pool Dividend Announcement

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 issued a dividend of $1.30 per share. The ex-dividend date is Tuesday, November 10th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.5%. Pool’s dividend payout ratio is presently 47.84%.

Key Stories Impacting Pool

Here are the key news stories impacting Pool this week:

• Positive Sentiment: Pool Corporation declared a quarterly cash dividend of $1.30 per share, payable November 25 to shareholders of record on November 11. The dividend represents $5.20 in annualized payments and a yield of approximately 2.7%, which may support investor demand for the stock. Pool Corporation Declares Quarterly Cash Dividend
• Neutral Sentiment: The dividend’s ex-dividend date is November 10. Because the payment is consistent with Pool’s regular shareholder-return program, the announcement is generally supportive but is unlikely by itself to materially change earnings expectations. Pool Corporation Declares Quarterly Cash Dividend Payment

Pool Company Profile

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.