Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Pool from a hold rating to a buy rating and set a $191.00 price objective for the company in a report on Tuesday, April 16th. ValuEngine raised shares of Pool from a hold rating to a buy rating in a report on Wednesday, February 27th. Stephens set a $186.00 price objective on shares of Pool and gave the company a hold rating in a report on Tuesday, April 23rd. Finally, Robert W. Baird raised shares of Pool from a neutral rating to an outperform rating and increased their price objective for the company from $160.00 to $177.00 in a report on Friday, February 22nd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $171.20.
Shares of Pool stock opened at $188.34 on Wednesday. Pool has a fifty-two week low of $136.83 and a fifty-two week high of $190.93. The firm has a market capitalization of $7.39 billion, a P/E ratio of 33.51, a PEG ratio of 1.30 and a beta of 0.93. The company has a quick ratio of 0.60, a current ratio of 1.96 and a debt-to-equity ratio of 3.01.
Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, April 18th. The specialty retailer reported $0.59 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.05). Pool had a net margin of 7.83% and a return on equity of 79.99%. The company had revenue of $597.50 million for the quarter, compared to the consensus estimate of $608.36 million. During the same period last year, the company earned $0.75 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts forecast that Pool will post 6.07 EPS for the current year.
Pool declared that its board has approved a stock repurchase plan on Thursday, May 2nd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the specialty retailer to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Thursday, May 16th. This is an increase from Pool’s previous quarterly dividend of $0.45. Pool’s dividend payout ratio is 39.15%.
In other news, insider Romain Kenneth G. St sold 27,105 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $158.06, for a total transaction of $4,284,216.30. Following the sale, the insider now directly owns 97,505 shares in the company, valued at approximately $15,411,640.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Arthur D. Cook sold 10,550 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $159.38, for a total transaction of $1,681,459.00. Following the sale, the vice president now owns 49,042 shares in the company, valued at $7,816,313.96. The disclosure for this sale can be found here. Insiders have sold a total of 213,612 shares of company stock valued at $37,530,142 in the last three months. Insiders own 6.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Synovus Financial Corp raised its position in shares of Pool by 1.5% during the 4th quarter. Synovus Financial Corp now owns 6,711 shares of the specialty retailer’s stock valued at $998,000 after buying an additional 97 shares in the last quarter. Utah Retirement Systems raised its position in shares of Pool by 1.4% during the 4th quarter. Utah Retirement Systems now owns 7,400 shares of the specialty retailer’s stock valued at $1,100,000 after buying an additional 100 shares in the last quarter. AQR Capital Management LLC raised its position in Pool by 0.3% in the 1st quarter. AQR Capital Management LLC now owns 41,013 shares of the specialty retailer’s stock worth $6,766,000 after purchasing an additional 130 shares during the period. Oregon Public Employees Retirement Fund raised its position in Pool by 1.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,118 shares of the specialty retailer’s stock worth $2,659,000 after purchasing an additional 152 shares during the period. Finally, Great Lakes Advisors LLC raised its position in Pool by 4.5% in the 1st quarter. Great Lakes Advisors LLC now owns 3,801 shares of the specialty retailer’s stock worth $628,000 after purchasing an additional 163 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.
Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.
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