Pool Corp. (NASDAQ:POOL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “For Pool, the second quarter of 2016 marked the company’s 25th consecutive quarter of year-over-year growth in sales, gross profit and operating earnings. Notably, the company should continue to benefit in the near term from base business sales growth and favorable trends in the housing market. Continually strong growth in the pool renovation category along with reasonable improvement in green segment sales (the Horizon segment), is a major positive. The company’s leading market share position and opportunistic expansion strategies also position it well for revenue growth. Also, estimates have been mostly stable lately ahead of Pool’s third quarter earnings release. Moreover, the company has positive record of earnings surprises in recent quarters. However, seasonality of the company’s business and macroeconomic headwinds raise caution.”

Several other equities analysts have also commented on POOL. Robert W. Baird initiated coverage on Pool Corp. in a research note on Monday, June 6th. They issued an “outperform” rating for the company. Johnson Rice lowered Pool Corp. from a “buy” rating to an “accumulate” rating in a research note on Friday, July 15th. Finally, Wedbush initiated coverage on Pool Corp. in a research note on Wednesday, August 24th. They issued an “outperform” rating and a $115.00 target price for the company. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $97.80.

Analyst Recommendations for Pool Corp. (NASDAQ:POOL)

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Shares of Pool Corp. (NASDAQ:POOL) traded down 0.02% during mid-day trading on Wednesday, hitting $93.00. The company’s stock had a trading volume of 58,363 shares. The stock has a 50-day moving average of $99.06 and a 200-day moving average of $92.71. Pool Corp. has a 12-month low of $71.10 and a 12-month high of $102.86. The company has a market cap of $3.91 billion, a PE ratio of 28.26 and a beta of 0.81.

Pool Corp. (NASDAQ:POOL) last released its earnings results on Thursday, July 21st. The company reported $1.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.05. The firm earned $918.90 million during the quarter, compared to analyst estimates of $904.82 million. Pool Corp. had a return on equity of 57.51% and a net margin of 5.76%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.75 earnings per share. On average, equities research analysts forecast that Pool Corp. will post $3.43 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were paid a dividend of $0.31 per share. The ex-dividend date was Monday, August 8th. This is a positive change from Pool Corp.’s previous quarterly dividend of $0.26. This represents a $1.24 annualized dividend and a yield of 1.33%. Pool Corp.’s dividend payout ratio is currently 37.35%.

In other news, insider Arthur D. Cook sold 18,000 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $102.18, for a total value of $1,839,240.00. Following the completion of the sale, the insider now owns 93,452 shares of the company’s stock, valued at $9,548,925.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO De La Mesa Manuel J. Perez sold 30,000 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $100.70, for a total value of $3,021,000.00. Following the completion of the sale, the chief executive officer now directly owns 72,511 shares of the company’s stock, valued at approximately $7,301,857.70. The disclosure for this sale can be found here. Company insiders own 8.00% of the company’s stock.

Several large investors have recently modified their holdings of the company. GW&K Investment Management LLC increased its stake in shares of Pool Corp. by 84.1% in the first quarter. GW&K Investment Management LLC now owns 62,176 shares of the company’s stock valued at $5,455,000 after buying an additional 28,399 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of Pool Corp. by 13.3% in the first quarter. Riverhead Capital Management LLC now owns 8,272 shares of the company’s stock valued at $726,000 after buying an additional 972 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Pool Corp. by 53,036.4% in the second quarter. BNP Paribas Arbitrage SA now owns 17,535 shares of the company’s stock valued at $1,649,000 after buying an additional 17,502 shares during the last quarter. UBS Group AG increased its stake in shares of Pool Corp. by 37.0% in the first quarter. UBS Group AG now owns 12,993 shares of the company’s stock valued at $1,140,000 after buying an additional 3,508 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Pool Corp. by 6.3% in the first quarter. Prudential Financial Inc. now owns 150,572 shares of the company’s stock valued at $13,211,000 after buying an additional 8,893 shares during the last quarter. 92.20% of the stock is owned by institutional investors.

About Pool Corp.

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is also a distributor of irrigation and landscape products in the United States. The Company operates over 340 sales centers in North America, Europe, South America and Australia through its over four distribution networks, such as SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

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