Pool Corporation (NASDAQ:POOL) Receives $342.14 Average Price Target from Brokerages

Shares of Pool Corporation (NASDAQ:POOL) have received an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $342.1429.

A number of equities research analysts have issued reports on the stock. Oppenheimer boosted their target price on shares of Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. Wall Street Zen raised shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Wells Fargo & Company boosted their target price on shares of Pool from $300.00 to $320.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Finally, Robert W. Baird boosted their target price on shares of Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, July 25th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC increased its holdings in shares of Pool by 24.0% in the second quarter. Orion Porfolio Solutions LLC now owns 17,296 shares of the specialty retailer’s stock worth $5,041,000 after purchasing an additional 3,342 shares during the period. Stance Capital LLC bought a new position in shares of Pool in the second quarter worth $947,000. Cim Investment Management Inc. increased its holdings in shares of Pool by 99.7% in the second quarter. Cim Investment Management Inc. now owns 2,428 shares of the specialty retailer’s stock worth $768,000 after purchasing an additional 1,212 shares during the period. Cim LLC increased its holdings in shares of Pool by 8.2% in the second quarter. Cim LLC now owns 3,239 shares of the specialty retailer’s stock worth $944,000 after purchasing an additional 246 shares during the period. Finally, Hudson Bay Capital Management LP bought a new position in shares of Pool in the second quarter worth $346,000. Institutional investors own 98.99% of the company’s stock.

Pool Trading Up 0.3%

NASDAQ:POOL opened at $305.86 on Monday. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $11.41 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 4.24 and a beta of 1.08. The firm’s 50 day moving average is $316.61 and its 200 day moving average is $308.92. Pool has a 12 month low of $282.22 and a 12 month high of $395.60.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.12 by $0.05. Pool had a net margin of 7.79% and a return on equity of 30.99%. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the firm posted $4.99 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Sell-side analysts expect that Pool will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $1.25 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. Pool’s dividend payout ratio is presently 46.13%.

Pool Company Profile

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.