Pool’s (POOL) Neutral Rating Reiterated at Longbow Research

by · The Markets Daily

Longbow Research reaffirmed their neutral rating on shares of Pool (NASDAQ:POOL – Free Report) in a research note released on Monday morning, MarketBeat.com reports.

POOL has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft set a $185.00 target price on Pool in a research report on Friday, July 24th. Stephens reiterated an “overweight” rating and issued a $225.00 price objective on shares of Pool in a research report on Thursday, August 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a report on Tuesday, August 11th. DA Davidson began coverage on Pool in a report on Monday, August 24th. They set a “neutral” rating and a $210.00 price objective on the stock. Finally, Stifel Nicolaus lowered their price objective on Pool from $235.00 to $189.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Pool has an average rating of “Hold” and a consensus target price of $226.70.

Get Our Latest Research Report on Pool

Pool Stock Performance

NASDAQ:POOL opened at $172.44 on Monday. The firm’s 50-day moving average is $173.96 and its 200-day moving average is $190.83. Pool has a 52-week low of $152.70 and a 52-week high of $303.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.91 and a current ratio of 2.67. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 2.64 and a beta of 1.05.

Pool (NASDAQ:POOL – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $5.38 EPS for the quarter, beating analysts’ consensus estimates of $5.33 by $0.05. Pool had a net margin of 7.40% and a return on equity of 32.74%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business earned $5.17 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts anticipate that Pool will post 10.93 earnings per share for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, August 13th. Pool’s dividend payout ratio is currently 47.84%.

Hedge Funds Weigh In On Pool

A number of hedge funds have recently modified their holdings of POOL. IFP Advisors Inc boosted its stake in Pool by 117.9% in the 2nd quarter. IFP Advisors Inc now owns 122 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 66 shares in the last quarter. Elevation Wealth Partners LLC grew its position in Pool by 2,660.0% in the second quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 133 shares during the period. CoreCap Advisors LLC grew its position in Pool by 214.3% in the second quarter. CoreCap Advisors LLC now owns 154 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 105 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Pool during the second quarter worth $47,000. Finally, Versant Capital Management Inc raised its stake in Pool by 160.3% during the third quarter. Versant Capital Management Inc now owns 315 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 194 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

More Pool News

Here are the key news stories impacting Pool this week:

  • Positive Sentiment: A broader recovery in the swimming-pool industry could offer an indirect tailwind for Pool Corporation. An article discussing Pentair highlights expectations for a pool-market recovery and potential 2027 growth, which may improve sentiment toward pool-equipment and distribution companies generally. Pentair: Pool Recovery And Taco Synergies Should Drive 2027 Upside
  • Neutral Sentiment: Consumer stories about building or purchasing swimming pools and a local pool hall do not provide meaningful information about Pool Corporation’s sales, margins, or outlook. DIY Swimming Pool Materials
  • Neutral Sentiment: The PolyPid announcement concerns an unrelated biotechnology company, while the sugar, cryptocurrency, education, and political articles have no identifiable impact on POOL. PolyPid Announces IDWeek Presentation

Pool Company Profile

(Get Free Report)

Pool Corporation, doing business as POOLCORP, is a wholesale distributor of swimming pool and outdoor living products. The company supplies pool contractors, retailers, builders, and service professionals with products used to construct, renovate, maintain, and enhance residential and commercial pools.

Its product offerings include swimming pool equipment, pumps, filters, heaters, cleaners, lighting, chemicals, replacement parts, and maintenance supplies. POOLCORP also distributes products for outdoor living, including patio and recreational items, as well as irrigation and landscape-related supplies in selected markets.

Founded in 1993 and headquartered in Covington, Louisiana, POOLCORP serves customers through a network of distribution centers and sales operations in the United States, Canada, Europe, and Australia.

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