The brokerages issued a consensus “Hold” recommendation on Pool Co. (NASDAQ:POOL).
According to Bloomberg Ratings, the thirteen analysts who currently cover Pool Co. (NASDAQ: POOL) have assigned the stock a “Moderate Buy” rating as their consensus investment recommendation. This rating represents the analysts’ overall opinion of the investment. Additionally, the stock received recommendations from five research analysts to buy and hold the shares equally. During the previous calendar year, several different brokerages provided price estimates for a particular security, and the average of those estimates was $446.80.
Several research companies recently published reports on POOL that they had prepared for publication. Robert W. Baird lowered his price target for Pool to $398.00 and downgraded the company’s stock from “outperforming” to “neutral.” They also lowered their price target for the company’s stock. On July 14, the results of a study were made available to the general public. In a research report published Wednesday, StockNews.com first tackled pool stock. They advised investors to “hold” the stock rather than sell it. In a research report released Thursday, July 28, KeyCorp lowered its “overweight” rating on Pool shares from $570.00 to $465.00, and they also lowered their price target on the stock from $570.00 to $465.00. These changes were made in response to Pool’s recent price performance. In a research note published Tuesday, July 26, Stephens reduced his price target for Pool shares from $400,000 to $400,000 in a research note. In a research report released Thursday, June 23, Goldman Sachs Group lowered its price target on Pool shares from $560.00 to $450.00 in a research report that was released. The brokerage firm maintained a “buy” rating on the stock despite this adjustment.
On Friday, August 12, Hart CFO Melanie Housey sold 2,500 shares of the company, which brings us to more Pool news. The total amount obtained from the sale of the shares was $960,025.00 and the price that potential buyers were willing to pay for them averaged $384.01. As a direct result of the operation, the financial director now holds 10,721 shares. The total value of these shares is $4,116,971.21. The Securities and Exchange Commission received legal documents about the transaction, which were later uploaded to the SEC’s website after being provided to the SEC. Persons employed by the company own three percent of the total shares of the company.
Many institutions have been active buyers and sellers of POOL shares over the past few months. In the last three months of 2018, Covington Capital Management increased the proportion of pool shares it held by 8.1%. After buying an additional 180 shares in the last quarter, Covington Capital Management now owns 2,390 shares of the specialty retailer, which have a combined value of $1,353,000. Covington Capital Management’s stock holdings are worth a total of $1,353,000. New investment of approximately $4,696,000 in Pool by HWG Holdings LP during the last three months of 2018. During the fourth quarter of the fiscal year, JustInvest LLC completed the purchase of an additional 72.6% of Pool. JustInvest LLC now owns a total of 2,453 shares of the specialty retailer, with a collective value of $1,389,000. This stems from the company’s purchase of an additional 1,032 shares in the prior quarter. Over the past three months, FirstPurpose Wealth LLC has acquired an additional stake in Pool. About $230,000 was exchanged during this trading transaction. In the last three months of 2018, Quent Capital LLC bought a new Pool position for around $79,000. This brings us to the conclusion of our discussion. The vast majority of the company’s stock, or 98.92% of the total, is held by institutional investors and hedge funds.
Shares in the pool first traded Thursday for $317.12 per share. The company’s stock price moving average over the last 50 days is $347.56 and the moving average over the last 200 days is $375.45. Number one represents the quick ratio, number two represents the current ratio, and number one represents the debt ratio. The stock is currently trading at a price that translates to a price/earnings ratio of 16.49, a price/earnings/growth ratio of 1.74 and a beta coefficient of 0.88. The stock has a market value of $12.56 billion. Over the past twelve months, the price of the Pool has varied from a low of $308.74 to a high of $582.27.
On Thursday, July 21, a report on the recent financial performance of Pool (NASDAQ: POOL quarterlymost) was made available to the public. Earnings per share in the specialty retailer’s quarterly report came in at $7.59, $0.19 higher than the consensus estimate of $7.40 per share among industry analysts. Actual revenue for the quarter was $2.06 billion, which was below the consensus expectation of $2.13 billion for the quarter. The pool successfully achieved return on equity of 68.34% and the company’s net margin stood at 13.17%. The company’s revenue recorded a 15.0% increase over the same quarter of the prior year’s financial results. The company reported earnings per share of $6.37 for the same period a year earlier. According to equity research professionals’ projections, Pool is expected to generate earnings per share of $18.5 for the current fiscal year, according to equity research professionals’ projections.
Additionally, the company recently announced a quarterly dividend, which was paid on August 25. On Thursday, August 11, dividend payments of $1.00 were made to shareholders who already had their registration information. This translates to an annual dividend payment of $4, which translates to a dividend yield of 1.26%. Since August 10, which was a Wednesday, the taxation of this dividend was no longer required. As a result, the dividend payout ratio for the Pool has currently reached a level of 20.80%.