Brokerages Set Pool Co. (NASDAQ:POOL) PT at $368.00

Pool Co. (NASDAQ:POOL) has received a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $365.33.

Several analysts have issued reports on the stock. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Pool in a research report on Tuesday, April 1st. They set a “hold” rating and a $344.00 target price on the stock. Finally, Wells Fargo & Company cut their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th.

Insider Activity at Pool

In other news, SVP Jennifer M. Neil sold 1,223 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $315.00, for a total value of $385,245.00. Following the transaction, the senior vice president now directly owns 9,667 shares of the company’s stock, valued at $3,045,105. The trade was a 11.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $346.00, for a total value of $3,460,000.00. Following the sale, the director now directly owns 62,577 shares of the company’s stock, valued at $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Institutional Trading of Pool

Several large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its position in Pool by 816.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock worth $13,601,000 after buying an additional 36,403 shares in the last quarter. L. Roy Papp & Associates LLP acquired a new position in shares of Pool during the fourth quarter worth approximately $653,000. National Bank of Canada FI grew its stake in shares of Pool by 46.6% during the third quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock valued at $5,869,000 after purchasing an additional 4,954 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Pool by 1.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 260,333 shares of the specialty retailer’s stock valued at $98,093,000 after purchasing an additional 3,268 shares in the last quarter. Finally, World Equity Group Inc. acquired a new stake in shares of Pool in the fourth quarter valued at approximately $272,000. Institutional investors own 98.99% of the company’s stock.

Pool Price Performance

NASDAQ POOL opened at $315.05 on Monday. The stock has a 50-day simple moving average of $336.70 and a 200 day simple moving average of $352.12. Pool has a twelve month low of $293.51 and a twelve month high of $402.45. The stock has a market capitalization of $11.88 billion, a PE ratio of 27.93, a P/E/G ratio of 2.03 and a beta of 1.13. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The company had revenue of $987.48 million during the quarter, compared to analyst estimates of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. Research analysts anticipate that Pool will post 11.32 EPS for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.52%. Pool’s dividend payout ratio (DPR) is presently 42.55%.

About Pool

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.