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.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on POOL. Loop Capital dropped their target price on shares of Pool from $465.00 to $370.00 and set a "hold" rating for the company in a report on Thursday, June 23rd. 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 note on Tuesday, April 19th. Jefferies Financial Group dropped their price target on Pool from $485.00 to $400.00 in a research note on Tuesday, June 14th. Robert W. Baird cut shares of Pool from an "outperform" rating to a "neutral" rating and set a $398.00 price objective on the stock. in a research report on Thursday, July 14th. Finally, KeyCorp dropped their target price on shares of Pool from $570.00 to $465.00 and set an "overweight" rating for the company in a research report on Thursday, July 28th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $448.56.

Pool Trading Up 3.6 %

NASDAQ:POOL traded up $13.39 during trading hours on Friday, hitting $388.70. 13,416 shares of the company were exchanged, compared to its average volume of 465,352. Pool has a 52 week low of $324.14 and a 52 week high of $582.27. The company has a quick ratio of 1.00, a current ratio of 2.77 and a debt-to-equity ratio of 1.28. The stock has a 50-day moving average price of $366.91 and a 200 day moving average price of $410.45. The stock has a market cap of $15.39 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.08 and a beta of 0.88.

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

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, August 10th. Pool's dividend payout ratio is currently 20.80%.

Insider Buying and Selling

In related news, CEO Peter D. Arvan bought 500 shares of the company's stock in a transaction on Wednesday, May 18th. The shares were acquired at an average cost 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 of the company's stock, valued at $23,931,221. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.