Pool Co. (NASDAQ:POOL - Get Rating) has been assigned an average rating of "Hold" from the twelve research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $383.20.
POOL has been the subject of several analyst reports. Bank of America decreased their price objective on Pool from $320.00 to $315.00 and set an "underperform" rating for the company in a report on Wednesday, April 19th. Deutsche Bank Aktiengesellschaft cut their target price on Pool from $460.00 to $445.00 and set a "buy" rating for the company in a research note on Friday, April 21st. Robert W. Baird cut their price target on shares of Pool from $404.00 to $385.00 and set a "neutral" rating for the company in a report on Wednesday, April 19th. Jefferies Financial Group lifted their target price on shares of Pool from $325.00 to $350.00 and gave the company a "hold" rating in a report on Monday, February 13th. Finally, Loop Capital dropped their price target on shares of Pool from $415.00 to $410.00 and set a "buy" rating for the company in a research note on Friday, April 21st.
Insider Activity at Pool
In other Pool news, General Counsel Jennifer M. Neil sold 2,333 shares of Pool stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $352.00, for a total value of $821,216.00. Following the transaction, the general counsel now directly owns 8,095 shares in the company, valued at approximately $2,849,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company's stock.
Institutional Trading of Pool
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC purchased a new stake in Pool during the fourth quarter worth about $26,000. Clear Street Markets LLC increased its stake in shares of Pool by 94.9% during the 1st quarter. Clear Street Markets LLC now owns 76 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 37 shares during the last quarter. Concord Wealth Partners acquired a new stake in shares of Pool during the 4th quarter worth $35,000. Allworth Financial LP increased its position in Pool by 126.7% during the 1st quarter. Allworth Financial LP now owns 102 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 57 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Pool during the 1st quarter worth approximately $35,000. Hedge funds and other institutional investors own 98.15% of the company's stock.
Pool Stock Down 2.0 %
POOL stock opened at $327.08 on Friday. The firm has a 50 day moving average of $339.38 and a 200 day moving average of $341.40. Pool has a 52 week low of $278.10 and a 52 week high of $423.97. The company has a quick ratio of 0.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $12.76 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 3.83 and a beta of 0.93.
Pool Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th will be given a $1.10 dividend. The ex-dividend date is Tuesday, May 16th. This is a boost from Pool's previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.35%. Pool's dividend payout ratio is 26.17%.
Pool Company Profile
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Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment, and related leisure products. It also offers non-discretionary pool maintenance products such as chemicals and replacement parts, discretionary products like packaged pool kits, whole goods, irrigation, and landscape products, including a complete line of commercial and residential irrigation products and parts, power equipment for the professional landscape market, specialty products such as outdoor lighting, grills, and outdoor kitchen components, and golf irrigation and water management products.
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