Sidoti upgraded shares of Pool Corporation (NASDAQ:POOL) from a neutral rating to a buy rating in a report issued on Friday, MarketBeat.com reports.

Several other research firms have also issued reports on POOL. Zacks Investment Research raised shares of Pool Corporation from a hold rating to a buy rating and set a $137.00 price target on the stock in a research report on Friday, June 16th. BidaskClub lowered shares of Pool Corporation from a strong-buy rating to a buy rating in a research report on Sunday, July 16th. Finally, Johnson Rice raised shares of Pool Corporation from an accumulate rating to a buy rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Pool Corporation has an average rating of Buy and a consensus price target of $125.67.

Pool Corporation (NASDAQ:POOL) opened at 104.99 on Friday. The company has a 50-day moving average of $104.69 and a 200-day moving average of $115.29. Pool Corporation has a 52 week low of $88.64 and a 52 week high of $124.25. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 27.29 and a beta of 0.92.

Pool Corporation (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by ($0.03). Pool Corporation had a net margin of 6.15% and a return on equity of 63.34%. The business had revenue of $988.16 million during the quarter. During the same quarter in the prior year, the business posted $1.98 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts forecast that Pool Corporation will post $4.21 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Monday, August 7th. Pool Corporation’s dividend payout ratio (DPR) is currently 38.74%.

Large investors have recently modified their holdings of the stock. FNY Partners Fund LP purchased a new position in Pool Corporation during the first quarter valued at approximately $126,000. Northwestern Mutual Wealth Management Co. grew its stake in Pool Corporation by 1,198.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the specialty retailer’s stock valued at $134,000 after acquiring an additional 1,055 shares in the last quarter. Huntington National Bank grew its stake in Pool Corporation by 27.9% during the second quarter. Huntington National Bank now owns 1,481 shares of the specialty retailer’s stock valued at $174,000 after acquiring an additional 323 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in Pool Corporation during the second quarter valued at approximately $188,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Pool Corporation by 13.0% during 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 in the last quarter. 92.14% of the stock is owned by institutional investors.

About Pool Corporation

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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