Brokerages Set Pool Corporation (NASDAQ:POOL) PT at $337.86

Pool Corporation (NASDAQ:POOL) has been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $337.8571.

A number of research analysts recently issued reports on the stock. Robert W. Baird set a $345.00 price objective on shares of Pool in a research note on Friday, October 24th. Weiss Ratings lowered Pool from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. Wall Street Zen raised Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Guggenheim began coverage on Pool in a research report on Wednesday, October 8th. They set a “neutral” rating for the company. Finally, KeyCorp assumed coverage on Pool in a research report on Tuesday, September 30th. They issued a “sector weight” rating on the stock.

Pool Stock Down 1.8%

POOL stock opened at $245.93 on Tuesday. Pool has a 52 week low of $242.10 and a 52 week high of $395.60. The business has a 50-day simple moving average of $296.07 and a 200 day simple moving average of $302.39. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. The company has a market cap of $9.16 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 3.94 and a beta of 1.13.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 EPS for the quarter, beating the consensus estimate of $3.38 by $0.01. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. Pool had a net margin of 7.77% and a return on equity of 31.40%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $3.26 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Sell-side analysts anticipate that Pool will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.0%. Pool’s payout ratio is 45.58%.

Institutional Trading of Pool

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pathstone Holdings LLC lifted its stake in shares of Pool by 3.9% in the 3rd quarter. Pathstone Holdings LLC now owns 7,368 shares of the specialty retailer’s stock valued at $2,285,000 after acquiring an additional 277 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Pool by 97.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 25,483 shares of the specialty retailer’s stock worth $7,902,000 after purchasing an additional 12,603 shares in the last quarter. Mackenzie Financial Corp bought a new position in Pool in the third quarter valued at about $336,000. Quadrant Capital Group LLC acquired a new stake in shares of Pool during the third quarter valued at about $182,000. Finally, Van ECK Associates Corp boosted its stake in shares of Pool by 3.2% during the third quarter. Van ECK Associates Corp now owns 8,057 shares of the specialty retailer’s stock valued at $2,498,000 after purchasing an additional 247 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

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.