Pool (NASDAQ:POOL) Price Target Cut to $360.00

Pool (NASDAQ:POOL - Free Report) had its price objective decreased by Stifel Nicolaus from $370.00 to $360.00 in a research report released on Monday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the specialty retailer's stock.

Other analysts have also issued research reports about the company. TheStreet lowered Pool from a b rating to a c+ rating in a report on Thursday, February 22nd. Loop Capital lowered Pool from a buy rating to a hold rating and increased their target price for the company from $380.00 to $415.00 in a report on Monday, January 8th. Finally, Oppenheimer reduced their target price on Pool from $436.00 to $416.00 and set an outperform rating for the company in a report on Monday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of $391.80.

Pool Price Performance

Shares of POOL traded down $1.56 during trading hours on Monday, hitting $369.61. 376,613 shares of the company were exchanged, compared to its average volume of 332,884. The company has a market capitalization of $14.23 billion, a PE ratio of 28.96, a PEG ratio of 3.54 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. The firm has a fifty day simple moving average of $392.78 and a 200-day simple moving average of $374.08. Pool has a one year low of $307.77 and a one year high of $422.73.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The business's revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.46 earnings per share. As a group, sell-side analysts predict that Pool will post 13.26 earnings per share for the current year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.19%. Pool's dividend payout ratio is 34.43%.

Insider Buying and Selling

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the sale, the general counsel now directly owns 8,622 shares in the company, valued at $3,457,422. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pool

Several institutional investors have recently bought and sold shares of the stock. New York Life Investment Management LLC raised its holdings in Pool by 0.5% during the third quarter. New York Life Investment Management LLC now owns 5,687 shares of the specialty retailer's stock valued at $2,025,000 after buying an additional 30 shares in the last quarter. Wedmont Private Capital grew its position in shares of Pool by 5.4% in the first quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer's stock valued at $236,000 after purchasing an additional 30 shares during the last quarter. Czech National Bank grew its position in shares of Pool by 0.4% in the first quarter. Czech National Bank now owns 6,805 shares of the specialty retailer's stock valued at $2,746,000 after purchasing an additional 30 shares during the last quarter. Great Lakes Advisors LLC grew its position in shares of Pool by 1.2% in the fourth quarter. Great Lakes Advisors LLC now owns 2,724 shares of the specialty retailer's stock valued at $1,086,000 after purchasing an additional 31 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Pool by 12.2% in the third quarter. Assetmark Inc. now owns 321 shares of the specialty retailer's stock valued at $114,000 after purchasing an additional 35 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

About Pool

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.