Pool Co. (NASDAQ: POOL – Get Rating) – Equities researchers at Jefferies Financial Group cut their FY2023 earnings per share estimates for Pool in a research note issued to investors on Monday, June 13th. Jefferies Financial Group analyst S. Volkmann now anticipates that the specialty retailer will post earnings per share of $ 18.75 for the year, down from their previous estimate of $ 19.50. The consensus estimate for Pool’s current full-year earnings is $ 18.50 per share. Jefferies Financial Group also issued estimates for Pool’s FY2024 earnings at $ 17.65 EPS.
POOL has been the subject of a number of other research reports. Edward Jones assumed coverage on Pool in a report on Tuesday, April 12th. They set a “hold” rating for the company. StockNews.com assumed coverage on Pool in a research report on Thursday, March 31st. They set a “hold” rating for the company. Loop Capital lifted their price target on Pool from $ 455.00 to $ 465.00 and gave the company a “hold” rating in a research report on Friday, April 22nd. Berenberg Bank restated a “buy” rating and issued a $ 519.00 price objective on shares of Pool in a research report on Tuesday, March 8th. Finally, Robert W. Baird cut their price objective on Pool from $ 600.00 to $ 550.00 in a research report on Friday, April 22nd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $ 513.63.
Pool stock opened at $ 332.18 on Thursday. The company has a quick ratio of 0.79, a current ratio of 2.50 and a debt-to-equity ratio of 1.26. Pool has a 52 week low of $ 329.65 and a 52 week high of $ 582.27. The company has a market capitalization of $ 13.31 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 2.08 and a beta of 0.88. The stock has a 50-day moving average price of $ 404.82 and a 200 day moving average price of $ 459.86.
Pool (NASDAQ: POOL – Get Rating) last issued its quarterly earnings results on Thursday, April 21st. The specialty retailer reported $ 4.41 earnings per share for the quarter, topping the estimate consensus of $ 3.06 by $ 1.35. The business had revenue of $ 1.41 billion during the quarter, compared to the estimate consensus of $ 1.27 billion. Pool had a return on equity of 69.76% and a net margin of 12.95%. The company quarterly revenue was up 33.2% on a year-over-year basis. During the same quarter last year, the company earned $ 2.42 earnings per share.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of Pool by 11.5% in the 1st quarter. Bank of America Corp DE now owns 271,645 shares of the specialty retailer’s stock valued at $ 114,866,000 after buying an additional 28,083 shares during the period. Verition Fund Management LLC purchased a new position in Pool during the first quarter worth $ 754,000. Walleye Capital LLC purchased a new position in Pool during the first quarter worth $ 548,000. Fortitude Advisory Group LLC increased its position in Pool by 24.7% during the first quarter. Fortitude Advisory Group LLC now owns 192 shares of the specialty retailer’s stock worth $ 82,000 after buying an additional 38 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Pool by 96.4% during the first quarter. EverSource Wealth Advisors LLC now owns 2,198 shares of the specialty retailer’s stock worth $ 930,000 after buying an additional 1,079 shares in the last quarter. 91.88% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Peter D. Arvan bought 500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The stock was purchased at an average cost of $ 387.08 per share, with a total value of $ 193,540.00. Following the transaction, the chief executive officer now directly owns 61,825 shares in the company, valued at $ 23,931,221. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Martha S. Gervasi acquired 300 shares of the firm’s stock in a transaction on Friday, May 6th. The shares were bought at an average cost of $ 391.86 per share, with a total value of $ 117,558.00. Following the completion of the transaction, the director now directly owns 808 shares in the company, valued at approximately $ 316,622.88. The disclosure for this purchase can be found here. 3.00% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Monday, May 16th were issued a dividend of $ 1.00 per share. This is an increase from Pool’s previous quarterly dividend of $ 0.80. The ex-dividend date of this dividend was Friday, May 13th. This represents a $ 4.00 annualized dividend and a yield of 1.20%. Pool’s dividend payout ratio is 22.26%.
Pool Company Profile: (Get Rating)
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; fiberglass pools, and hot tubs and 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 related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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