Shares of Pool Co. (NASDAQ:POOL) have earned an average rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $159.67.
Several research firms have recently issued reports on POOL. ValuEngine raised Pool from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. Zacks Investment Research raised Pool from a “hold” rating to a “buy” rating and set a $185.00 price target for the company in a research note on Wednesday, December 5th. Robert W. Baird raised Pool from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $160.00 to $177.00 in a research note on Friday, February 22nd. Finally, BidaskClub upgraded Pool from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 23rd.
Shares of NASDAQ:POOL traded up $0.50 during midday trading on Tuesday, hitting $159.74. 234,517 shares of the stock were exchanged, compared to its average volume of 226,609. The company has a market capitalization of $6.39 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.09 and a beta of 0.92. The company has a quick ratio of 0.79, a current ratio of 2.99 and a debt-to-equity ratio of 2.94. Pool has a twelve month low of $135.76 and a twelve month high of $175.87.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Wednesday, March 13th. Pool’s dividend payout ratio is presently 32.03%.
In related news, Vice Chairman De La Mesa Manuel J. Perez sold 50,400 shares of Pool stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $160.51, for a total transaction of $8,089,704.00. Following the completion of the sale, the insider now owns 69,041 shares in the company, valued at approximately $11,081,770.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman De La Mesa Manuel J. Perez sold 2,851 shares of Pool stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $161.02, for a total value of $459,068.02. Following the sale, the insider now owns 66,202 shares of the company’s stock, valued at approximately $10,659,846.04. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of POOL. FMR LLC grew its holdings in Pool by 5.6% in the 2nd quarter. FMR LLC now owns 1,156,051 shares of the specialty retailer’s stock valued at $175,142,000 after buying an additional 61,632 shares during the period. Bank of Montreal Can grew its holdings in Pool by 7.8% in the 3rd quarter. Bank of Montreal Can now owns 6,964 shares of the specialty retailer’s stock valued at $1,162,000 after buying an additional 505 shares during the period. First Hawaiian Bank purchased a new stake in Pool in the 3rd quarter valued at about $267,000. Barings LLC grew its holdings in Pool by 151.3% in the 3rd quarter. Barings LLC now owns 12,818 shares of the specialty retailer’s stock valued at $2,139,000 after buying an additional 7,718 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its holdings in Pool by 4.5% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 181,646 shares of the specialty retailer’s stock valued at $30,313,000 after buying an additional 7,793 shares during the period. Hedge funds and other institutional investors own 93.33% of the company’s stock.
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; 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 landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.
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