Pool (NASDAQ:POOL) Price Target Cut to $416.00 by Analysts at Oppenheimer

Pool (NASDAQ:POOL) had its price target decreased by Oppenheimer from $436.00 to $416.00 in a research report report published on Monday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the specialty retailer’s stock.

POOL has been the subject of a number of other reports. Stifel Nicolaus reiterated a hold rating and issued a $370.00 price target on shares of Pool in a research note on Tuesday, March 5th. Loop Capital downgraded Pool from a buy rating to a hold rating and lifted their price target for the stock from $380.00 to $415.00 in a research note on Monday, January 8th. Finally, TheStreet downgraded Pool from a b rating to a c+ rating in a research note on Thursday, February 22nd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $391.80.

Pool Stock Down 0.4 %

Shares of Pool stock opened at $369.61 on Monday. The business has a 50-day moving average of $392.43 and a 200-day moving average of $374.24. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. The company has a market capitalization of $14.23 billion, a PE ratio of 28.92, a P/E/G ratio of 3.54 and a beta of 1.00. Pool has a 1-year low of $307.77 and a 1-year high of $422.73.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The firm’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.46 earnings per share. As a group, equities analysts forecast that Pool will post 13.26 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.19%. Pool’s dividend payout ratio is currently 34.43%.

Insiders Place Their Bets

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the transaction, the general counsel now owns 8,622 shares of the company’s stock, valued at $3,457,422. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Pool

A number of hedge funds have recently made changes to their positions in POOL. JPMorgan Chase & Co. raised its holdings in shares of Pool by 56.7% during the third quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock valued at $308,156,000 after buying an additional 313,190 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of Pool by 463.2% during the third quarter. Adage Capital Partners GP L.L.C. now owns 240,623 shares of the specialty retailer’s stock valued at $85,686,000 after buying an additional 197,900 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Pool by 30,047.2% during the fourth quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock valued at $73,322,000 after buying an additional 183,288 shares during the last quarter. TD Asset Management Inc raised its holdings in Pool by 585.6% during the fourth quarter. TD Asset Management Inc now owns 183,060 shares of the specialty retailer’s stock worth $72,988,000 after purchasing an additional 156,361 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Pool by 55.0% during the third quarter. Envestnet Asset Management Inc. now owns 339,378 shares of the specialty retailer’s stock worth $120,852,000 after purchasing an additional 120,427 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

About Pool

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; and 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.