Stifel Nicolaus Cuts Pool (NASDAQ:POOL) Price Target to $240.00

Pool (NASDAQ:POOL) had its target price decreased by Stifel Nicolaus from $295.00 to $240.00 in a research report sent to investors on Tuesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the specialty retailer’s stock.

POOL has been the subject of several other reports. KeyCorp assumed coverage on shares of Pool in a report on Tuesday, September 30th. They set a “sector weight” rating for the company. Robert W. Baird set a $345.00 price objective on shares of Pool in a report on Friday, October 24th. William Blair reissued a “market perform” rating on shares of Pool in a research note on Wednesday, October 15th. Guggenheim initiated coverage on Pool in a research note on Wednesday, October 8th. They issued a “neutral” rating for the company. Finally, The Goldman Sachs Group set a $360.00 price target on Pool and gave the stock a “buy” rating in a report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $319.29.

Pool Price Performance

Shares of POOL opened at $236.36 on Tuesday. The business’s 50-day moving average is $258.16 and its two-hundred day moving average is $291.19. The company has a market capitalization of $8.80 billion, a P/E ratio of 21.55, a P/E/G ratio of 4.43 and a beta of 1.23. Pool has a fifty-two week low of $229.63 and a fifty-two week high of $374.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.01. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.46 billion. Pool had a return on equity of 31.40% and a net margin of 7.77%.The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.26 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Research analysts predict that Pool will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, November 12th. Pool’s payout ratio is 45.58%.

Institutional Trading of Pool

A number of institutional investors have recently made changes to their positions in the company. CNB Bank raised its stake in Pool by 4.1% in the 3rd quarter. CNB Bank now owns 918 shares of the specialty retailer’s stock valued at $285,000 after purchasing an additional 36 shares during the last quarter. Cim LLC grew its holdings in shares of Pool by 1.3% during the first quarter. Cim LLC now owns 2,993 shares of the specialty retailer’s stock worth $953,000 after buying an additional 38 shares in the last quarter. Keybank National Association OH raised its position in shares of Pool by 4.2% in the third quarter. Keybank National Association OH now owns 999 shares of the specialty retailer’s stock valued at $310,000 after buying an additional 40 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Pool by 22.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 227 shares of the specialty retailer’s stock worth $70,000 after buying an additional 41 shares in the last quarter. Finally, Whittier Trust Co. lifted its stake in shares of Pool by 14.0% in the second quarter. Whittier Trust Co. now owns 375 shares of the specialty retailer’s stock worth $109,000 after buying an additional 46 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Company Profile

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.