Bank of America Cuts Pool (NASDAQ:POOL) Price Target to $226.00

Pool (NASDAQ:POOLFree Report) had its target price decreased by Bank of America from $229.00 to $226.00 in a research note published on Monday,Benzinga reports. Bank of America currently has an underperform rating on the specialty retailer’s stock.

Several other analysts also recently issued reports on POOL. Stifel Nicolaus cut their price target on Pool from $240.00 to $232.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Wells Fargo & Company cut their price target on Pool from $230.00 to $215.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Wall Street Zen downgraded Pool from a “hold” rating to a “sell” rating in a report on Sunday. The Goldman Sachs Group cut their price target on Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Finally, Cfra raised Pool from a “hold” rating to a “buy” rating and set a $304.00 price target on the stock in a report on Monday, December 22nd. Five 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $273.67.

Read Our Latest Stock Analysis on Pool

Pool Stock Performance

Shares of POOL opened at $234.22 on Monday. The business’s fifty day moving average price is $218.02 and its 200 day moving average price is $243.35. Pool has a 12-month low of $195.49 and a 12-month high of $345.00. The stock has a market capitalization of $8.60 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.96 and a beta of 1.26. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 0.59.

Pool (NASDAQ:POOLGet Free Report) last announced its quarterly earnings results on Thursday, February 19th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.15). The company had revenue of $982.21 million during the quarter, compared to the consensus estimate of $999.14 million. Pool had a return on equity of 31.49% and a net margin of 7.67%.The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. Equities research analysts forecast that Pool will post 11 EPS for the current year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $5.00 annualized dividend and a yield of 2.1%. Pool’s payout ratio is presently 46.13%.

Insider Buying and Selling at Pool

In other Pool news, CFO Melanie M. Hart sold 2,750 shares of Pool stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $220.00, for a total transaction of $605,000.00. Following the sale, the chief financial officer owned 18,039 shares of the company’s stock, valued at $3,968,580. The trade was a 13.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Romain Kenneth G. St bought 5,560 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were acquired at an average cost of $218.67 per share, for a total transaction of $1,215,805.20. Following the purchase, the senior vice president directly owned 82,845 shares in the company, valued at $18,115,716.15. This represents a 7.19% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.00% of the stock is owned by company insiders.

Institutional Trading of Pool

Several hedge funds have recently added to or reduced their stakes in POOL. Clearstead Advisors LLC raised its stake in Pool by 100.0% during the 4th quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 61 shares in the last quarter. Root Financial Partners LLC bought a new stake in Pool during the 3rd quarter valued at $29,000. Private Trust Co. NA raised its stake in Pool by 78.6% during the 4th quarter. Private Trust Co. NA now owns 125 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 55 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Pool during the 2nd quarter valued at $30,000. Finally, Covestor Ltd raised its stake in Pool by 348.4% during the 4th quarter. Covestor Ltd now owns 139 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool News Summary

Here are the key news stories impacting Pool this week:

About Pool

(Get Free Report)

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.

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