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 1.2 %

Pool stock traded up $4.80 during mid-day trading on Thursday, reaching $391.43. 226,829 shares of the company were exchanged, compared to its average volume of 413,799. The business has a fifty day moving average of $364.82 and a 200 day moving average of $408.01. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.00 and a current ratio of 2.77. The firm has a market cap of $15.50 billion, a P/E ratio of 20.36, a PEG ratio of 2.14 and a beta of 0.88. Pool has a 12-month low of $324.14 and a 12-month high of $582.27.

Pool (NASDAQ:POOL - Get Rating) last posted its earnings results on Thursday, July 21st. The specialty retailer reported $7.59 earnings per share for the quarter, topping analysts' consensus estimates of $7.40 by $0.19. The company had revenue of $2.06 billion during 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 revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.37 earnings per share. Research analysts anticipate that Pool will post 18.37 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $4.00 dividend on an annualized basis and a yield of 1.02%. Pool's dividend payout ratio is currently 20.80%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. KeyCorp dropped their target price on Pool from $570.00 to $465.00 and set an "overweight" rating for the company in a research report on Thursday, July 28th. TheStreet upgraded Pool from a "c+" rating to a "b" rating in a research report on Thursday, June 2nd. The Goldman Sachs Group dropped their target price on Pool from $560.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday, June 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on Pool in a research report on Wednesday. They set a "hold" rating and a $431.00 target price for the company. Finally, Loop Capital dropped their target price on Pool from $465.00 to $370.00 and set a "hold" rating for the company in a research report on Thursday, June 23rd. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $446.80.

Insiders Place Their Bets

In other news, CFO Hart Melanie Housey sold 2,500 shares of the company's stock in a transaction on Friday, August 12th. The stock was sold at an average price of $384.01, for a total transaction of $960,025.00. Following the transaction, the chief financial officer now directly owns 10,721 shares of the company's stock, valued at $4,116,971.21. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by company insiders.