Pool Co. (NASDAQ:POOL) Declares $1.20 Quarterly Dividend

Pool Co. (NASDAQ:POOL) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Stockholders of record on Wednesday, November 13th will be given a dividend of 1.20 per share by the specialty retailer on Wednesday, November 27th. This represents a $4.80 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Wednesday, November 13th.

Pool has raised its dividend by an average of 23.4% annually over the last three years and has increased its dividend every year for the last 14 years. Pool has a payout ratio of 39.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Pool to earn $11.94 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 40.2%.

Pool Price Performance

POOL stock opened at $374.99 on Tuesday. The company has a market capitalization of $14.27 billion, a P/E ratio of 32.27, a PEG ratio of 2.26 and a beta of 1.01. Pool has a twelve month low of $293.51 and a twelve month high of $422.73. The business has a 50 day simple moving average of $363.30 and a 200-day simple moving average of $352.59. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.50 earnings per share. As a group, equities analysts anticipate that Pool will post 11 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on POOL. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Loop Capital increased their price target on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Stifel Nicolaus increased their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Wells Fargo & Company raised their target price on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Oppenheimer raised their target price on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $369.11.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. 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; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.