Pool Corporation (POOL) Receives $127.25 Average Target Price from Analysts

Shares of Pool Corporation (NASDAQ:POOL) have been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $127.25.

A number of equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Pool from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Sidoti upgraded shares of Pool from a “neutral” rating to a “buy” rating and increased their target price for the stock from $119.00 to $131.00 in a research report on Friday, September 15th. Finally, Robert W. Baird raised their price objective on shares of Pool from $125.00 to $131.00 and gave the company an “outperform” rating in a research report on Friday, October 20th.

Pool (NASDAQ:POOL) traded down $1.52 during trading hours on Friday, hitting $126.23. 215,198 shares of the stock were exchanged, compared to its average volume of 243,137. The company has a market cap of $5,217.27, a P/E ratio of 33.91 and a beta of 0.96. Pool has a one year low of $97.25 and a one year high of $130.92. The company has a quick ratio of 1.03, a current ratio of 2.61 and a debt-to-equity ratio of 2.64.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. The company had revenue of $743.40 million during the quarter. Pool had a net margin of 6.19% and a return on equity of 69.28%. Pool’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. equities research analysts predict that Pool will post 4.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.17%. The ex-dividend date was Tuesday, November 14th. Pool’s payout ratio is 37.47%.

In related news, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $120.73, for a total transaction of $5,750,128.44. Following the transaction, the chief executive officer now directly owns 61,708 shares in the company, valued at $7,450,006.84. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Harlan F. Seymour sold 15,502 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $118.87, for a total transaction of $1,842,722.74. Following the transaction, the director now owns 15,995 shares in the company, valued at $1,901,325.65. The disclosure for this sale can be found here. 7.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of POOL. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Pool by 1,198.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the specialty retailer’s stock valued at $134,000 after purchasing an additional 1,055 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Pool in the second quarter valued at about $188,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Pool by 13.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,606 shares of the specialty retailer’s stock valued at $189,000 after acquiring an additional 185 shares during the period. Polen Capital Management LLC bought a new stake in shares of Pool in the third quarter valued at about $207,000. Finally, FCG Advisors LLC lifted its position in Pool by 0.3% during the second quarter. FCG Advisors LLC now owns 1,797 shares of the specialty retailer’s stock worth $211,000 after purchasing an additional 6 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

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About Pool

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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