Pool - POOL Stock Forecast, Price & News

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; fiberglass pools, and hot tubs and 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 related products consisting of irrigation system components, and professional lawn care equipment and supplies. It also provides 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; and commercial products, including heaters, safety equipment, and commercial pumps and filters. In addition, the company offers other pool construction and recreational products comprising discretionary recreational and related outdoor living products, such as grills and components for outdoor kitchens. It serves swimming pool remodelers and builders; specialty retailers that sell swimming pool supplies; swimming pool repair and service businesses; irrigation construction and landscape maintenance contractors; and commercial customers that serve hotels, universities, and community recreational facilities. As of March 03, 2022, the company operated 410 sales centers in North America, Europe, and Australia. Pool Corporation was incorporated in 1993 and is headquartered in Covington, Louisiana.

Pool Stock Up 3.4 %

Shares of POOL traded up $12.59 during trading hours on Wednesday, hitting $382.48. 581,520 shares of the company were exchanged, compared to its average volume of 417,462. The company has a market cap of $15.14 billion, a PE ratio of 19.89, a PEG ratio of 2.03 and a beta of 0.88. The firm's 50 day moving average is $367.69 and its 200-day moving average is $411.16. Pool has a 52 week low of $324.14 and a 52 week high of $582.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.00 and a current ratio of 2.77.

Pool (NASDAQ:POOL - Get Rating) last released its quarterly earnings results on Thursday, July 21st. The specialty retailer reported $7.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.40 by $0.19. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.13 billion. Pool had a return on equity of 68.34% and a net margin of 13.17%. The firm's revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.37 EPS. On average, equities research analysts forecast that Pool will post 18.37 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Thursday, August 11th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, August 10th. This represents a $4.00 annualized dividend and a yield of 1.05%. Pool's payout ratio is 20.80%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on POOL. Edward Jones began coverage on Pool in a research report on Tuesday, April 12th. They set a "hold" rating on the stock. Longbow Research raised Pool from a "neutral" rating to a "buy" rating and set a $550.00 target price on the stock in a research report on Tuesday, April 19th. Robert W. Baird lowered Pool from an "outperform" rating to a "neutral" rating and set a $398.00 price target on the stock. in a research report on Thursday, July 14th. Stephens dropped their price target on Pool to $400.00 in a research report on Tuesday, July 26th. Finally, KeyCorp dropped their price target on Pool from $570.00 to $465.00 and set an "overweight" rating on the stock in a research report on Thursday, July 28th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Pool currently has an average rating of "Hold" and an average target price of $448.56.

Insider Activity at Pool

In other Pool news, CEO Peter D. Arvan bought 500 shares of the firm's stock in a transaction that occurred on Wednesday, May 18th. The stock was purchased at an average price of $387.08 per share, for a total transaction of $193,540.00. Following the purchase, the chief executive officer now directly owns 61,825 shares in the company, valued at $23,931,221. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.