Shares of Pool Co. (NASDAQ:POOL – Get Free Report) hit a new 52-week low during trading on Tuesday after Bank of America lowered their price target on the stock from $338.00 to $290.00. Bank of America currently has an underperform rating on the stock. Pool traded as low as $299.24 and last traded at $312.18, with a volume of 175653 shares trading hands. The stock had previously closed at $337.91.
Several other equities analysts have also recently commented on POOL. Loop Capital lowered their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research note on Tuesday. Stifel Nicolaus dropped their target price on Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Oppenheimer decreased their price target on Pool from $416.00 to $356.00 and set an “outperform” rating for the company in a research note on Tuesday. Robert W. Baird dropped their price target on shares of Pool from $380.00 to $305.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company reduced their price objective on shares of Pool from $360.00 to $290.00 and set an “equal weight” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pool presently has a consensus rating of “Hold” and an average price target of $328.00.
Institutional Investors Weigh In On Pool
Several hedge funds and other institutional investors have recently modified their holdings of POOL. EverSource Wealth Advisors LLC lifted its stake in shares of Pool by 4.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,458 shares of the specialty retailer’s stock valued at $588,000 after buying an additional 61 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Pool by 4.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 29,893 shares of the specialty retailer’s stock worth $12,292,000 after acquiring an additional 1,349 shares during the period. Aurora Investment Counsel grew its holdings in shares of Pool by 0.7% during the 1st quarter. Aurora Investment Counsel now owns 4,988 shares of the specialty retailer’s stock worth $2,013,000 after purchasing an additional 37 shares in the last quarter. EULAV Asset Management increased its position in shares of Pool by 10.3% during the first quarter. EULAV Asset Management now owns 187,261 shares of the specialty retailer’s stock valued at $75,560,000 after purchasing an additional 17,500 shares during the period. Finally, Cetera Advisors LLC increased its position in shares of Pool by 123.9% during the first quarter. Cetera Advisors LLC now owns 1,939 shares of the specialty retailer’s stock valued at $782,000 after purchasing an additional 1,073 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.
Pool Stock Down 8.0 %
The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 3.52 and a beta of 1.02. The business has a 50 day moving average of $359.78 and a 200 day moving average of $379.38. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56.
Pool (NASDAQ:POOL – Get Free Report) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). Pool had a net margin of 9.17% and a return on equity of 35.49%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm earned $2.46 EPS. The business’s revenue was down 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Pool Co. will post 13.02 EPS for the current year.
Pool Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This is a positive change from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 dividend on an annualized basis and a yield of 1.54%. Pool’s payout ratio is 37.56%.
Pool Company Profile
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.