Pool Co. (NASDAQ:POOL) – Research analysts at KeyCorp cut their FY2020 earnings per share (EPS) estimates for Pool in a report released on Tuesday, March 17th. KeyCorp analyst K. Zener now expects that the specialty retailer will post earnings of $6.55 per share for the year, down from their prior estimate of $6.63.
Other equities research analysts have also recently issued research reports about the stock. Sidoti upgraded shares of Pool from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research report on Tuesday. BidaskClub upgraded shares of Pool from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Stephens boosted their price target on shares of Pool from $219.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Finally, Loop Capital started coverage on shares of Pool in a research report on Monday, January 6th. They issued a “hold” rating and a $227.00 price target on the stock. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Pool currently has a consensus rating of “Buy” and a consensus price target of $225.60.
Pool stock opened at $167.78 on Friday. The firm’s 50 day moving average price is $217.54 and its 200-day moving average price is $209.64. Pool has a 1 year low of $156.01 and a 1 year high of $238.23. The stock has a market cap of $7.53 billion, a P/E ratio of 26.17 and a beta of 0.80. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.49 and a quick ratio of 0.69.
Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.08. The firm had revenue of $582.20 million for the quarter, compared to analysts’ expectations of $581.90 million. Pool had a net margin of 8.18% and a return on equity of 71.75%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share.
Hedge funds have recently bought and sold shares of the business. Evoke Wealth LLC bought a new position in Pool during the third quarter valued at $36,000. Sowell Financial Services LLC increased its position in Pool by 4,114.3% during the fourth quarter. Sowell Financial Services LLC now owns 295 shares of the specialty retailer’s stock valued at $63,000 after acquiring an additional 288 shares during the last quarter. Fieldpoint Private Securities LLC increased its position in Pool by 70.1% during the fourth quarter. Fieldpoint Private Securities LLC now owns 335 shares of the specialty retailer’s stock valued at $71,000 after acquiring an additional 138 shares during the last quarter. Fred Alger Management LLC increased its position in Pool by 21.8% during the fourth quarter. Fred Alger Management LLC now owns 397 shares of the specialty retailer’s stock valued at $84,000 after acquiring an additional 71 shares during the last quarter. Finally, Squar Milner Financial Services LLC increased its position in Pool by 189.4% during the fourth quarter. Squar Milner Financial Services LLC now owns 573 shares of the specialty retailer’s stock valued at $121,000 after acquiring an additional 375 shares during the last quarter. Institutional investors and hedge funds own 92.55% of the company’s stock.
In related news, VP Romain Kenneth G. St sold 1,592 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $221.95, for a total value of $353,344.40. Following the sale, the vice president now owns 110,137 shares in the company, valued at $24,444,907.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.00% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.31%. The ex-dividend date is Wednesday, March 11th. Pool’s dividend payout ratio is presently 37.74%.
About Pool
Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.