BidaskClub upgraded shares of Pool (NASDAQ:POOL) from a buy rating to a strong-buy rating in a research report report published on Wednesday morning.
Other equities research analysts also recently issued research reports about the stock. Sidoti raised shares of Pool from a neutral rating to a buy rating and upped their target price for the company from $119.00 to $131.00 in a research note on Friday, September 15th. Robert W. Baird increased their price objective on shares of Pool from $125.00 to $131.00 and gave the stock an outperform rating in a research report on Friday, October 20th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Pool has an average rating of Buy and an average price target of $127.25.
Shares of Pool (NASDAQ:POOL) traded down $1.52 during trading hours on Wednesday, reaching $126.23. 215,100 shares of the company’s stock traded hands, compared to its average volume of 243,137. Pool has a 1 year low of $97.25 and a 1 year high of $130.92. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.61 and a quick ratio of 1.03. The company has a market capitalization of $5,131.31, a P/E ratio of 33.35 and a beta of 0.96.
Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 19th. The specialty retailer reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.02. Pool had a net margin of 6.19% and a return on equity of 69.28%. The firm had revenue of $743.40 million during the quarter. During the same period in the previous year, the company posted $1.03 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. equities analysts forecast that Pool will post 4.07 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 15th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Tuesday, November 14th. Pool’s dividend payout ratio is 37.47%.
In other news, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $120.73, for a total transaction of $5,750,128.44. Following the completion of the sale, the chief executive officer now owns 61,708 shares of the company’s stock, valued at $7,450,006.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harlan F. Seymour sold 15,502 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $118.87, for a total transaction of $1,842,722.74. Following the sale, the director now directly owns 15,995 shares of the company’s stock, valued at approximately $1,901,325.65. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Pool by 74.9% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 975,690 shares of the specialty retailer’s stock worth $105,541,000 after purchasing an additional 417,759 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Pool by 48.1% during the third quarter. Handelsbanken Fonder AB now owns 570,000 shares of the specialty retailer’s stock worth $61,657,000 after purchasing an additional 185,000 shares during the last quarter. Impax Asset Management LTD boosted its holdings in Pool by 96.8% during the third quarter. Impax Asset Management LTD now owns 363,916 shares of the specialty retailer’s stock worth $39,365,000 after purchasing an additional 178,974 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Pool by 377.0% during the second quarter. Janus Henderson Group PLC now owns 201,674 shares of the specialty retailer’s stock worth $23,711,000 after purchasing an additional 159,391 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in Pool by 11.0% during the second quarter. Eagle Asset Management Inc. now owns 1,125,341 shares of the specialty retailer’s stock worth $132,306,000 after purchasing an additional 111,250 shares during the last quarter. 94.22% of the stock is owned by institutional investors.
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Pool Company Profile
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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