Pool Corporation (NASDAQ:POOL) Stock Rated “Hold” by Sell-Side Brokerages

Pool Corporation (NASDAQ:POOL) has earned an average rating of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $227.70.

POOL has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Pool from $189.00 to $175.00 and set a “hold” rating for the company in a research report on Tuesday, October 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a report on Tuesday, August 11th. Oppenheimer reduced their price objective on shares of Pool from $280.00 to $227.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. Longbow Research cut shares of Pool from a “buy” rating to a “neutral” rating in a report on Monday, October 19th. Finally, Wells Fargo & Company increased their target price on shares of Pool from $165.00 to $190.00 and gave the company an “equal weight” rating in a research report on Friday, October 23rd.

More Pool News

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?

Institutional Investors Weigh In On Pool

A number of institutional investors and hedge funds have recently modified their holdings of the company. Guardian Wealth Management Inc. lifted its holdings in shares of Pool by 4.9% during the 3rd quarter. Guardian Wealth Management Inc. now owns 25,455 shares of the specialty retailer’s stock valued at $4,120,000 after acquiring an additional 1,188 shares in the last quarter. Provenance Wealth Advisors LLC lifted its stake in shares of Pool by 33,250.0% during the third quarter. Provenance Wealth Advisors LLC now owns 667 shares of the specialty retailer’s stock worth $108,000 after purchasing an additional 665 shares in the last quarter. Putney Financial Group LLC acquired a new position in shares of Pool during the third quarter worth about $25,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Pool by 11.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 8,121 shares of the specialty retailer’s stock worth $1,315,000 after purchasing an additional 821 shares in the last quarter. Finally, Stevens Capital Partners boosted its position in shares of Pool by 9.2% in the third quarter. Stevens Capital Partners now owns 15,184 shares of the specialty retailer’s stock worth $2,458,000 after buying an additional 1,277 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Up 0.9%

Shares of NASDAQ:POOL opened at $205.95 on Tuesday. 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 business has a fifty day moving average of $174.90 and a two-hundred day moving average of $202.92. The stock has a market cap of $7.36 billion, a P/E ratio of 18.95, a PEG ratio of 3.13 and a beta of 1.05. Pool has a 52-week low of $152.70 and a 52-week high of $278.17.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 22nd. The specialty retailer reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.36 by $0.04. Pool had a net margin of 7.27% and a return on equity of 33.50%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm earned $3.39 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts expect that Pool will post 10.95 earnings per share for the current year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, November 10th. Pool’s dividend payout ratio (DPR) is 47.84%.

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.