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.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on POOL. TheStreet raised shares of Pool from a "c+" rating to a "b" rating in a research report on Thursday, June 2nd. The Goldman Sachs Group reduced their price target on shares of Pool from $560.00 to $450.00 and set a "buy" rating on the stock in a research report on Thursday, June 23rd. Stephens reduced their price target on shares of Pool to $400.00 in a research report on Tuesday, July 26th. Robert W. Baird cut shares of 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. Finally, Longbow Research raised shares of Pool from a "neutral" rating to a "buy" rating and set a $550.00 price target on the stock in a research report on Tuesday, April 19th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $448.56.
Pool Stock Performance
POOL traded up $2.92 on Friday, hitting $373.64. 336,382 shares of the company's stock were exchanged, compared to its average volume of 457,668. The firm has a market cap of $14.79 billion, a PE ratio of 19.43, a P/E/G ratio of 2.03 and a beta of 0.88. Pool has a twelve month low of $324.14 and a twelve month high of $582.27. The stock has a fifty day moving average of $368.97 and a two-hundred day moving average of $412.73. The company has a current ratio of 2.77, a quick ratio of 1.00 and a debt-to-equity ratio of 1.28.
Pool (NASDAQ:POOL - Get Rating) last released its quarterly earnings data on Thursday, July 21st. The specialty retailer reported $7.59 earnings per share for the quarter, topping the consensus estimate of $7.40 by $0.19. Pool had a net margin of 13.17% and a return on equity of 68.34%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the business earned $6.37 earnings per share. Pool's quarterly revenue was up 15.0% on a year-over-year basis. On average, research analysts anticipate that Pool will post 18.37 earnings per share for the current fiscal year.
Pool Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be paid a $1.00 dividend. The ex-dividend date is Wednesday, August 10th. This represents a $4.00 annualized dividend and a dividend yield of 1.07%. Pool's payout ratio is currently 20.80%.
Insider Buying and Selling at Pool
In other news, CEO Peter D. Arvan purchased 500 shares of the company's stock in a transaction on Wednesday, May 18th. The shares were bought at an average price of $387.08 per share, for a total transaction of $193,540.00. Following the completion of the purchase, the chief executive officer now owns 61,825 shares of the company's stock, valued at $23,931,221. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by company insiders.
