Pool (POOL) Upgraded by ValuEngine to “Buy”

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.

How to Become a New Pot Stock Millionaire

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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About Pool

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.

Analyst Recommendations for Pool (NASDAQ:POOL)

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