Pool Co. (POOL) Receives $166.25 Average PT from Analysts

Pool Co. (NASDAQ:POOL) has earned an average recommendation of “Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $166.25.

A number of equities research analysts have commented on POOL shares. BidaskClub cut Pool from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Zacks Investment Research raised Pool from a “hold” rating to a “buy” rating and set a $191.00 price target on the stock in a report on Tuesday, April 16th. ValuEngine cut Pool from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Robert W. Baird raised Pool from a “neutral” rating to an “outperform” rating and raised their price target for the company from $160.00 to $177.00 in a report on Friday, February 22nd. Finally, Stephens set a $186.00 price target on Pool and gave the company a “hold” rating in a report on Tuesday, April 23rd.

NASDAQ:POOL opened at $180.35 on Friday. The company has a current ratio of 1.96, a quick ratio of 0.60 and a debt-to-equity ratio of 3.01. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 1.27 and a beta of 0.95. Pool has a 52 week low of $136.83 and a 52 week high of $186.50.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, April 18th. The specialty retailer reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.05). The business had revenue of $597.50 million for the quarter, compared to the consensus estimate of $608.36 million. Pool had a net margin of 7.83% and a return on equity of 79.99%. Pool’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. As a group, analysts predict that Pool will post 6.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.55 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.20 annualized dividend and a yield of 1.22%. This is a positive change from Pool’s previous quarterly dividend of $0.45. Pool’s dividend payout ratio (DPR) is currently 32.03%.

Pool declared that its board has approved a stock buyback program on Thursday, May 2nd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the specialty retailer to buy up to 2.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

In other Pool news, Vice Chairman De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.01, for a total transaction of $1,860,100.00. Following the completion of the transaction, the insider now owns 69,702 shares in the company, valued at $12,965,269.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Romain Kenneth G. St sold 27,105 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $158.06, for a total value of $4,284,216.30. Following the transaction, the insider now owns 97,505 shares of the company’s stock, valued at approximately $15,411,640.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 277,731 shares of company stock valued at $47,431,537. 6.00% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Cerity Partners LLC bought a new position in Pool in the first quarter worth approximately $213,000. Geode Capital Management LLC raised its stake in Pool by 3.4% in the first quarter. Geode Capital Management LLC now owns 418,572 shares of the specialty retailer’s stock worth $69,051,000 after buying an additional 13,823 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Pool by 5.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 295,581 shares of the specialty retailer’s stock worth $48,762,000 after buying an additional 16,005 shares in the last quarter. AQR Capital Management LLC raised its stake in Pool by 0.3% in the first quarter. AQR Capital Management LLC now owns 41,013 shares of the specialty retailer’s stock worth $6,766,000 after buying an additional 130 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in Pool by 25.5% in the first quarter. Blair William & Co. IL now owns 125,339 shares of the specialty retailer’s stock worth $20,677,000 after buying an additional 25,492 shares in the last quarter. Institutional investors and hedge funds own 95.50% of the company’s stock.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.

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