ValuEngine upgraded shares of Pool (NASDAQ:POOL) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.
A number of other equities research analysts have also recently issued reports on the stock. BidaskClub raised shares of Pool from a buy rating to a strong-buy rating in a report on Friday, March 30th. Zacks Investment Research raised shares of Pool from a hold rating to a buy rating and set a $161.00 target price on the stock in a report on Thursday, February 22nd. Stephens set a $160.00 target price on shares of Pool and gave the company a hold rating in a report on Thursday, February 15th. Finally, Robert W. Baird reissued a buy rating and set a $158.00 target price on shares of Pool in a report on Friday, February 16th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $147.60.
Shares of POOL stock opened at $146.12 on Wednesday. The company has a current ratio of 2.43, a quick ratio of 0.76 and a debt-to-equity ratio of 2.28. Pool has a 1 year low of $97.25 and a 1 year high of $150.26. The firm has a market cap of $5,988.10, a price-to-earnings ratio of 36.62 and a beta of 0.81.
Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 15th. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Pool had a net margin of 6.87% and a return on equity of 70.46%. The business had revenue of $510.18 million for the quarter. During the same period in the previous year, the firm earned $0.06 EPS. The company’s revenue was up 14.6% compared to the same quarter last year. sell-side analysts expect that Pool will post 5.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, March 16th were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $1.48 annualized dividend and a dividend yield of 1.01%. Pool’s payout ratio is currently 37.09%.
In other news, CEO De La Mesa Manuel J. Perez sold 1,300 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $148.26, for a total value of $192,738.00. Following the transaction, the chief executive officer now owns 53,058 shares of the company’s stock, valued at $7,866,379.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO De La Mesa Manuel J. Perez sold 28,700 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $143.18, for a total transaction of $4,109,266.00. Following the completion of the transaction, the chief executive officer now directly owns 61,758 shares in the company, valued at approximately $8,842,510.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,000 shares of company stock worth $18,685,004. Insiders own 7.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in shares of Pool in the fourth quarter worth $144,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Pool by 42.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,446 shares of the specialty retailer’s stock valued at $188,000 after acquiring an additional 434 shares during the last quarter. Koch Industries Inc. bought a new position in Pool in the fourth quarter valued at $220,000. Amundi Pioneer Asset Management Inc. bought a new position in Pool in the fourth quarter valued at $229,000. Finally, Eagle Boston Investment Management Inc. bought a new position in Pool in the fourth quarter valued at $246,000. 95.70% of the stock is currently owned by hedge funds and other institutional investors.
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Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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