Pool Corporation (NASDAQ:POOL) has earned a consensus rating of “Buy” from the five research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $125.67.

Several research analysts have weighed in on POOL shares. Zacks Investment Research raised Pool Corporation from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research report on Friday, June 16th. Johnson Rice raised Pool Corporation from an “accumulate” rating to a “buy” rating in a research report on Monday, July 24th. Finally, BidaskClub cut Pool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th.

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Several hedge funds have recently modified their holdings of POOL. BlackRock Inc. raised its stake in shares of Pool Corporation by 12,429.3% in the first quarter. BlackRock Inc. now owns 3,260,758 shares of the specialty retailer’s stock valued at $389,106,000 after buying an additional 3,234,733 shares during the last quarter. Congress Asset Management Co. MA raised its stake in shares of Pool Corporation by 7,689.4% in the first quarter. Congress Asset Management Co. MA now owns 510,281 shares of the specialty retailer’s stock valued at $60,892,000 after buying an additional 503,730 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Pool Corporation during the first quarter valued at about $35,589,000. Columbia Wanger Asset Management LLC raised its stake in shares of Pool Corporation by 188.9% in the first quarter. Columbia Wanger Asset Management LLC now owns 390,336 shares of the specialty retailer’s stock valued at $46,579,000 after buying an additional 255,229 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its stake in shares of Pool Corporation by 30.8% in the first quarter. Eagle Asset Management Inc. now owns 1,014,091 shares of the specialty retailer’s stock valued at $121,011,000 after buying an additional 239,013 shares during the last quarter. Hedge funds and other institutional investors own 92.30% of the company’s stock.

Pool Corporation (NASDAQ POOL) opened at 99.62 on Friday. The stock has a 50 day moving average of $109.79 and a 200-day moving average of $116.41. Pool Corporation has a 52-week low of $88.64 and a 52-week high of $124.25. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 25.90 and a beta of 0.91.

Pool Corporation (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by $0.03. Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%. The business had revenue of $988.16 million during the quarter. During the same quarter in the prior year, the company posted $1.98 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. On average, analysts forecast that Pool Corporation will post $4.21 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were paid a $0.37 dividend. The ex-dividend date was Monday, August 7th. This represents a $1.48 annualized dividend and a dividend yield of 1.49%. Pool Corporation’s payout ratio is presently 38.74%.

Pool Corporation announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 3rd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

About Pool Corporation

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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