Pool (NASDAQ:POOL) had its price objective boosted by KeyCorp from $225.00 to $250.00 in a research note published on Tuesday, The Fly reports. They currently have an overweight rating on the specialty retailer’s stock. KeyCorp also issued estimates for Pool’s Q2 2020 earnings at $2.92 EPS, Q3 2020 earnings at $1.82 EPS, Q4 2020 earnings at $0.41 EPS, FY2020 earnings at $5.87 EPS and FY2021 earnings at $6.59 EPS.

A number of other analysts have also recently weighed in on POOL. Stephens upped their price target on Pool from $195.00 to $205.00 and gave the company an equal weight rating in a research report on Monday, April 27th. Berenberg Bank upgraded Pool from a hold rating to a buy rating and set a $247.00 price target on the stock in a research report on Monday, May 4th. Loop Capital lowered their price target on Pool from $227.00 to $202.00 in a research report on Friday, April 3rd. Sidoti cut Pool from a buy rating to a neutral rating and set a $207.00 price target on the stock. in a research report on Friday, April 17th. Finally, BidaskClub upgraded Pool from a buy rating to a strong-buy rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Pool currently has a consensus rating of Hold and an average target price of $227.43.

POOL opened at $238.35 on Tuesday. The stock has a market cap of $9.52 billion, a PE ratio of 38.38 and a beta of 0.74. The company has a current ratio of 1.90, a quick ratio of 0.58 and a debt-to-equity ratio of 1.98. Pool has a 1 year low of $160.35 and a 1 year high of $239.18. The stock’s 50 day simple moving average is $208.39 and its 200-day simple moving average is $210.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. Pool had a return on equity of 69.42% and a net margin of 7.92%. The firm had revenue of $677.30 million for the quarter, compared to analysts’ expectations of $629.97 million. During the same period in the prior year, the business posted $0.80 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. Equities analysts forecast that Pool will post 5.67 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, May 14th. This is a boost from Pool’s previous quarterly dividend of $0.55. Pool’s dividend payout ratio is presently 39.79%.

In other news, VP Arthur D. Cook sold 5,003 shares of the company’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $195.00, for a total transaction of $975,585.00. Following the transaction, the vice president now owns 39,152 shares of the company’s stock, valued at $7,634,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Romain Kenneth G. St sold 1,592 shares of the company’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 transaction, the vice president now directly owns 110,137 shares in the company, valued at approximately $24,444,907.15. The disclosure for this sale can be found here. Insiders have sold 24,897 shares of company stock worth $5,405,883 in the last 90 days. Company insiders own 4.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Credit Agricole S A acquired a new position in shares of Pool during the first quarter valued at $31,000. Valeo Financial Advisors LLC lifted its stake in shares of Pool by 397.3% during the first quarter. Valeo Financial Advisors LLC now owns 184 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 147 shares during the period. Sowell Financial Services LLC lifted its stake in shares of 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 period. Fieldpoint Private Securities LLC lifted its stake in shares of 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 period. Finally, Fred Alger Management LLC lifted its stake in shares of 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 period. 92.60% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Pool (NASDAQ:POOL)

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