Shares of Pool Co. (NASDAQ:POOL) have been given an average rating of “Buy” by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $147.60.
Several brokerages have recently issued reports on POOL. Zacks Investment Research raised Pool from a “hold” rating to a “buy” rating and set a $161.00 price objective for the company in a report on Thursday, February 22nd. Stephens set a $160.00 price objective on Pool and gave the company a “hold” rating in a report on Thursday, February 15th. Robert W. Baird reissued a “buy” rating and issued a $158.00 price objective on shares of Pool in a report on Friday, February 16th. Finally, BidaskClub raised Pool from a “hold” rating to a “buy” rating in a report on Saturday, February 10th.
Pool (POOL) opened at $146.02 on Tuesday. The stock has a market capitalization of $5,903.50, a PE ratio of 32.38 and a beta of 0.87. The company has a quick ratio of 0.76, a current ratio of 2.43 and a debt-to-equity ratio of 2.28. Pool has a fifty-two week low of $97.25 and a fifty-two week high of $150.26.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 16th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.48 annualized dividend and a dividend yield of 1.01%. Pool’s dividend payout ratio is presently 32.82%.
In related news, CEO De La Mesa Manuel J. Perez sold 1,300 shares of Pool stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $148.26, for a total value of $192,738.00. Following the completion of the transaction, the chief executive officer now owns 53,058 shares in the company, valued at approximately $7,866,379.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert C. Sledd sold 7,200 shares of Pool stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $131.02, for a total value of $943,344.00. Following the completion of the transaction, the director now owns 23,814 shares of the company’s stock, valued at approximately $3,120,110.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,200 shares of company stock valued at $19,628,348. 7.00% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new stake in shares of Pool in the fourth quarter valued at approximately $144,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in Pool by 42.9% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,446 shares of the specialty retailer’s stock worth $188,000 after purchasing an additional 434 shares in the last quarter. Koch Industries Inc. acquired a new stake in shares of Pool in the fourth quarter valued at $220,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Pool in the fourth quarter valued at $229,000. Finally, Polen Capital Management LLC acquired a new stake in shares of Pool in the third quarter valued at $207,000. Institutional investors and hedge funds own 95.72% of the company’s stock.
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Pool Company Profile
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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