Pool Corporation (NASDAQ:POOL) has been assigned an average rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $127.00.
A number of research firms have recently issued reports on POOL. Zacks Investment Research upgraded shares of Pool Corporation from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a report on Tuesday, July 25th. Johnson Rice upgraded shares of Pool Corporation from an “accumulate” rating to a “buy” rating in a report on Monday, July 24th. BidaskClub upgraded shares of Pool Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. Finally, Sidoti upgraded shares of Pool Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $119.00 to $131.00 in a report on Friday.
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Pool Corporation (NASDAQ:POOL) opened at 107.10 on Tuesday. Pool Corporation has a 52 week low of $88.65 and a 52 week high of $124.26. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 27.84 and a beta of 0.92. The stock’s 50 day moving average is $104.65 and its 200 day moving average is $115.22.
Pool Corporation (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.03). Pool Corporation had a net margin of 6.15% and a return on equity of 63.34%. The business had revenue of $988.16 million during the quarter. During the same quarter in the previous year, the business earned $1.98 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Equities research analysts expect that Pool Corporation will post $4.21 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were issued a dividend of $0.37 per share. The ex-dividend date was Monday, August 7th. This represents a $1.48 dividend on an annualized basis and a yield of 1.38%. Pool Corporation’s payout ratio is 38.74%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Pool Corporation by 1.3% during the second quarter. BlackRock Inc. now owns 3,302,906 shares of the specialty retailer’s stock worth $388,322,000 after buying an additional 42,148 shares during the last quarter. Vanguard Group Inc. increased its holdings in Pool Corporation by 1.4% during the second quarter. Vanguard Group Inc. now owns 3,218,512 shares of the specialty retailer’s stock worth $378,401,000 after buying an additional 45,888 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Pool Corporation by 8.1% during the first quarter. JPMorgan Chase & Co. now owns 1,991,051 shares of the specialty retailer’s stock worth $237,591,000 after buying an additional 149,808 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in Pool Corporation by 11.0% during the second quarter. Eagle Asset Management Inc. now owns 1,125,341 shares of the specialty retailer’s stock worth $132,306,000 after buying an additional 111,250 shares during the last quarter. Finally, State Street Corp increased its holdings in Pool Corporation by 1.4% during the first quarter. State Street Corp now owns 1,099,499 shares of the specialty retailer’s stock worth $131,204,000 after buying an additional 14,962 shares during the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.
About Pool Corporation
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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