Analysts’ Weekly Ratings Changes for Pool (POOL)

Several brokerages have updated their recommendations and price targets on shares of Pool (NASDAQ: POOL) in the last few weeks:

  • 11/28/2018 – Pool was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $174.00 price target on the stock. According to Zacks, “Shares of Pool have outperformed the industry in a year’s time. In fact, third-quarter 2018 marked the 33rd consecutive quarter of year-over-year sales growth for Pool. Top-line growth can be primarily attributed to improved performance of its base business. Notably, the company should continue benefiting in the near term, backed by base business sales growth and favorable trends in the housing market. Pool also raised its full-year guidance. In addition, continuous growth in remodel and replacement sectors of its business is a major positive. The company’s leading market share position and opportunistic expansion strategies position it well for revenue growth. Nonetheless, seasonality of Pool’s business and macroeconomic headwinds due to expanded global presence create headwinds.”
  • 11/27/2018 – Pool was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Pool have outperformed the industry in a year’s time. In fact, third-quarter 2018 marked the 33rd consecutive quarter of year-over-year sales growth for Pool. Top-line growth can be primarily attributed to improved performance of its base business. Notably, the company should continue benefiting in the near term, backed by base business sales growth and favorable trends in the housing market. Pool also raised its full-year guidance. In addition, continuous growth in remodel and replacement sectors of its business is a major positive. The company’s leading market share position and opportunistic expansion strategies position it well for revenue growth. Nonetheless, seasonality of Pool’s business and macroeconomic headwinds due to expanded global presence create headwinds.”
  • 11/23/2018 – Pool was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 11/21/2018 – Pool was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $170.00 price target on the stock. According to Zacks, “Shares of Pool have outperformed the industry in a year’s time. In fact, third-quarter 2018 marked the 33rd consecutive quarter of year-over-year sales growth for Pool. Top-line growth can be primarily attributed to improved performance of its base business. Notably, the company should continue benefiting in the near term, backed by base business sales growth and favorable trends in the housing market. Pool also raised its full-year guidance. In addition, continuous growth in remodel and replacement sectors of its business is a major positive. The company’s leading market share position and opportunistic expansion strategies position it well for revenue growth. Nonetheless, seasonality of Pool’s business and macroeconomic headwinds due to expanded global presence create headwinds.”
  • 11/20/2018 – Pool was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Pool have outperformed the industry in a year’s time. In fact, third-quarter 2018 marked the 33rd consecutive quarter of year-over-year sales growth for Pool. Top-line growth can be primarily attributed to improved performance of its base business. Notably, the company should continue benefiting in the near term, backed by base business sales growth and favorable trends in the housing market. Pool also raised its full-year guidance. In addition, continuous growth in remodel and replacement sectors of its business is a major positive. The company’s leading market share position and opportunistic expansion strategies position it well for revenue growth. Nonetheless, seasonality of Pool’s business and macroeconomic headwinds due to expanded global presence create headwinds.”
  • 11/15/2018 – Pool was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $169.00 price target on the stock. According to Zacks, “Shares of Pool have outperformed the industry in a year’s time. In fact, third-quarter 2018 marked the 33rd consecutive quarter of year-over-year sales growth for Pool. Top-line growth can be primarily attributed to improved performance of its base business. Notably, the company should continue benefiting in the near term, backed by base business sales growth and favorable trends in the housing market. Pool also raised its full-year guidance. In addition, continuous growth in remodel and replacement sectors of its business is a major positive. The company’s leading market share position and opportunistic expansion strategies position it well for revenue growth. Nonetheless, seasonality of Pool’s business and macroeconomic headwinds due to expanded global presence create headwinds.”
  • 11/15/2018 – Pool was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 11/14/2018 – Pool was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Pool have outperformed the industry in a year’s time. In fact, third-quarter 2018 marked the 33rd consecutive quarter of year-over-year sales growth for Pool. Top-line growth can be primarily attributed to improved performance of its base business. Notably, the company should continue benefiting in the near term, backed by base business sales growth and favorable trends in the housing market. Pool also raised its full-year guidance. In addition, continuous growth in remodel and replacement sectors of its business is a major positive. The company’s leading market share position and opportunistic expansion strategies position it well for revenue growth. Nonetheless, seasonality of Pool’s business and macroeconomic headwinds due to expanded global presence create headwinds.”
  • 10/19/2018 – Pool had its price target lowered by analysts at Robert W. Baird from $163.00 to $155.00. They now have a “neutral” rating on the stock.
  • 10/16/2018 – Pool was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Pool have outperformed the industry in a year’s time. In fact, second-quarter 2018 marked the 32nd consecutive quarter of year-over-year sales growth for Pool. This top-line growth can be primarily attributed to improved performance of its base business. Notably, the company should continue benefiting in the near term backed by base business sales growth and favorable trends in the housing market. Pool has also raised it the full-year guidance despite missing earnings estimates in second-quarter 2018. In addition, continuous growth in the remodel and replacement sectors of its business is a major positive. The company’s leading market share position and opportunistic expansion strategies position it well for revenue growth. Nonetheless, seasonality of the company’s business and macroeconomic headwinds due to expanded global presence raise concern.”
  • 10/15/2018 – Pool was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $166.00 price target on the stock. According to Zacks, “Shares of Pool have outperformed the industry in a year’s time. In fact, second-quarter 2018 marked the 32nd consecutive quarter of year-over-year sales growth for Pool. This top-line growth can be primarily attributed to improved performance of its base business. Notably, the company should continue benefiting in the near term backed by base business sales growth and favorable trends in the housing market. Pool has also raised it the full-year guidance despite missing earnings estimates in second-quarter 2018. In addition, continuous growth in the remodel and replacement sectors of its business is a major positive. The company’s leading market share position and opportunistic expansion strategies position it well for revenue growth. Nonetheless, seasonality of the company’s business and macroeconomic headwinds due to expanded global presence raise concern.”
  • 10/12/2018 – Pool is now covered by analysts at Jefferies Financial Group Inc. They set a “hold” rating and a $145.00 price target on the stock.
  • 10/12/2018 – Pool was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/4/2018 – Pool was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

POOL opened at $162.51 on Monday. Pool Co. has a twelve month low of $121.72 and a twelve month high of $175.87. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.29 and a quick ratio of 1.18. The stock has a market cap of $6.54 billion, a P/E ratio of 40.73, a PEG ratio of 1.22 and a beta of 1.03.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 18th. The specialty retailer reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.08. Pool had a net margin of 8.21% and a return on equity of 78.04%. The business had revenue of $811.31 million during the quarter. During the same period in the prior year, the company earned $1.16 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, analysts anticipate that Pool Co. will post 5.66 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 29th. Investors of record on Thursday, November 15th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, November 14th. This represents a $1.80 annualized dividend and a yield of 1.11%. Pool’s dividend payout ratio is 45.11%.

In related news, CEO De La Mesa Manuel J. Perez sold 10,300 shares of the company’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $160.98, for a total transaction of $1,658,094.00. Following the completion of the sale, the chief executive officer now owns 69,001 shares of the company’s stock, valued at $11,107,780.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its holdings in shares of Pool by 6.9% in the second quarter. Janney Montgomery Scott LLC now owns 15,126 shares of the specialty retailer’s stock worth $2,292,000 after acquiring an additional 982 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Pool by 105.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,475 shares of the specialty retailer’s stock worth $526,000 after acquiring an additional 1,781 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Pool by 3.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 279,106 shares of the specialty retailer’s stock worth $42,284,000 after acquiring an additional 8,976 shares during the last quarter. TD Asset Management Inc. lifted its holdings in shares of Pool by 100.0% in the second quarter. TD Asset Management Inc. now owns 14,400 shares of the specialty retailer’s stock worth $2,182,000 after acquiring an additional 7,200 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of Pool in the second quarter worth about $398,000. 94.79% of the stock is owned by institutional investors and hedge funds.

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; 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 landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.

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