Pool Co. (NASDAQ: POOL – Get Rating) – Research analysts at William Blair decreased their FY2022 EPS estimates for shares of Pool in a research note issued on Thursday, June 23rd. William Blair analyst R. Merkel now expects that the specialty retailer will post earnings of $ 19.15 per share for the year, down from their prior estimate of $ 19.30. The consensus estimate for Pool’s current full-year earnings is $ 18.47 per share. William Blair also issued estimates for Pool’s FY2023 earnings at $ 17.00 EPS and FY2024 earnings at $ 17.50 EPS.
Other research analysts have also issued reports about the stock. Jefferies Financial Group reduced their target price on shares of Pool from $ 485.00 to $ 400.00 in a report on Tuesday, June 14th. Loop Capital cut their price objective on Pool from $ 465.00 to $ 370.00 and set a “hold” rating on the stock in a report on Thursday, June 23rd. Edward Jones started coverage on Pool in a research note on Tuesday, April 12th. They issued a “hold” rating for the company. Berenberg Bank restated a “buy” rating and issued a $ 519.00 target price on shares of Pool in a research note on Tuesday, March 8th. Finally, Robert W. Baird decreased their price target on Pool from $ 600.00 to $ 550.00 in a report on Friday, April 22nd. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $ 496.00.
Shares of Pool stock opened at $ 353.08 on Monday. The company has a 50 day moving average of $ 391.26 and a 200 day moving average of $ 445.80. Pool has a 52-week low of $ 324.14 and a 52-week high of $ 582.27. The company has a market capitalization of $ 14.15 billion, a P / E ratio of 19.65, a P / E / G ratio of 1.93 and a beta of 0.88. 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 (NASDAQ: POOL – Get Rating) last released its quarterly earnings data on Thursday, April 21st. The specialty retailer reported $ 4.41 earnings per share for the quarter, topping analysts’ consensus estimates of $ 3.06 by $ 1.35. The firm had revenue of $ 1.41 billion for the quarter, compared to analyst estimates of $ 1.27 billion. Pool had a net margin of 12.95% and a return on equity of 69.76%. The business’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $ 2.42 earnings per share.
The company also recently declared a quarterly dividend, which was paid on Friday, May 27th. Investors of record on Monday, May 16th were given a dividend of $ 1.00 per share. This is a positive change from Pool’s previous quarterly dividend of $ 0.80. This represents a $ 4.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Friday, May 13th. Pool’s dividend payout ratio (DPR) is presently 22.26%.
In other news, Director Martha S. Gervasi acquired 300 shares of Pool stock in a transaction that occurred on Friday, May 6th. The stock was bought at an average price of $ 391.86 per share, with a total value of $ 117,558.00. Following the completion of the purchase, the director now owns 808 shares in the company, valued at $ 316,622.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter D. Arvan purchased 500 shares of the business’s stock in a transaction on Wednesday, May 18th. The stock was bought at an average cost of $ 387.08 per share, with a total value of $ 193,540.00. Following the purchase, the chief executive officer now owns 61,825 shares in the company, valued at $ 23,931,221. The disclosure for this purchase can be found here. 3.00% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Total Clarity Wealth Management Inc. raised its holdings in Pool by 150.0% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 50 shares of the specialty retailer’s stock worth $ 28,000 after purchasing an additional 30 shares in the last quarter. American National Bank grew its position in shares of Pool by 52.0% in the 1st quarter. American National Bank now owns 76 shares of the specialty retailer’s stock worth $ 32,000 after buying an additional 26 shares during the period. Allworth Financial LP grew its position in Pool by 241.7% during the 1st quarter. Allworth Financial LP now owns 82 shares of the specialty retailer’s stock valued at $ 35,000 after purchasing an additional 58 shares during the last quarter. Curi Wealth Management LLC grew its position in Pool by 142.9% during the 1st quarter. Curi Wealth Management LLC now owns 85 shares of the specialty retailer’s stock valued at $ 35,000 after purchasing an additional 50 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Pool by 203.4% during the 1st quarter. Huntington National Bank now owns 88 shares of the specialty retailer’s stock valued at $ 37,000 after acquiring an additional 59 shares during the last quarter. 91.88% of the stock is owned by institutional investors.
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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