Pool Corporation (NASDAQ:POOL – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $203.19 and traded as high as $204.15. Pool shares last traded at $204.12, with a volume of 611,046 shares traded.
Pool News Roundup
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 payment equates to $5.20 annually and a dividend yield of approximately 2.5%, providing continued income support for investors. The stock is scheduled to trade ex-dividend on November 10. Pool Corporation declares quarterly dividend
- Neutral Sentiment: Options-market activity has drawn attention around POOL, prompting speculation that traders may be positioning for a forthcoming move. However, the headline provides no specific indication of whether the activity is bullish or bearish, so it is not by itself a fundamental catalyst. Do Options Traders Know Something About Pool Stock We Don’t?
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Stifel Nicolaus cut their price target on Pool from $189.00 to $175.00 and set a “hold” rating for the company in a research note on Tuesday, October 20th. Oppenheimer lowered their price target on Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. DA Davidson dropped their price objective on Pool from $210.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, October 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research report on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft set a $185.00 target price on Pool in a research report on Friday, July 24th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $227.70.
Get Our Latest Stock Analysis on Pool
Pool Stock Up 0.9%
The firm has a 50-day moving average of $174.90 and a two-hundred day moving average of $202.92. The company has a quick ratio of 0.86, a current ratio of 2.46 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $7.36 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 3.10 and a beta of 1.05.
Pool (NASDAQ:POOL – Get Free Report) last issued its quarterly earnings data 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 net margin of 7.27% and a return on equity of 33.50%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the business posted $3.39 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts predict that Pool Corporation will post 10.95 earnings per share for the current fiscal year.
Pool Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be given a $1.30 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $5.20 annualized dividend and a yield of 2.5%. Pool’s dividend payout ratio is 47.84%.
Institutional Trading of Pool
A number of institutional investors have recently bought and sold shares of POOL. IFP Advisors Inc lifted its position in Pool by 117.9% in the 2nd quarter. IFP Advisors Inc now owns 122 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 66 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of Pool by 2,660.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 133 shares during the period. Putney Financial Group LLC acquired a new position in Pool in the 3rd quarter valued at about $25,000. CoreCap Advisors LLC lifted its holdings in Pool by 214.3% during the 2nd quarter. CoreCap Advisors LLC now owns 154 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 105 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Pool in the second quarter valued at about $47,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.
About Pool
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.
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