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On March 10, 2023,
Oppenheimer
initiated coverage of Pool with
a Outperform recommendation.
Analyst Price Forecast Suggests 15.24% Upside
As of March 10, 2023,
the average one-year price target for Pool is $402.22.
The forecasts range from a low of $323.20 to a high of $483.00.
The average price target represents an increase of 15.24% from its latest reported closing price of $349.04.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Pool
is $6,236MM, an increase of 0.91%.
The projected annual non-GAAP EPS
is $17.63.
Pool Declares $1.00 Dividend
On February 24, 2023 the company declared a regular
quarterly dividend of $1.00 per share ($4.00 annualized).
Shareholders of record as of March 15, 2023
will receive the payment on March 29, 2023.
Previously, the company paid $1.00 per share.
At the current share price of $349.04 / share,
the stock’s dividend yield is 1.15%.
Looking back five years and taking a sample every week, the average dividend yield has been
0.95%,
the lowest has been 0.54%,
and the highest has been 1.37%.
The standard deviation of yields is 0.23 (n=237).
The current dividend yield is
0.86 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.21.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.82%,
demonstrating that it has increased its dividend over time.
What are Large Shareholders Doing?
Select Equity Group
holds 1,502K shares
representing 3.84% ownership of the company.
In it’s prior filing, the firm reported owning 1,362K shares, representing
an increase
of 9.32%.
The firm
increased
its portfolio allocation in POOL by 12.98% over the last quarter.
Kayne Anderson Rudnick Investment Management
holds 1,457K shares
representing 3.73% ownership of the company.
In it’s prior filing, the firm reported owning 1,321K shares, representing
an increase
of 9.33%.
The firm
decreased
its portfolio allocation in POOL by 41.68% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 1,129K shares
representing 2.89% ownership of the company.
In it’s prior filing, the firm reported owning 1,119K shares, representing
an increase
of 0.89%.
The firm
decreased
its portfolio allocation in POOL by 11.47% over the last quarter.
Neuberger Berman Group
holds 1,120K shares
representing 2.87% ownership of the company.
In it’s prior filing, the firm reported owning 1,145K shares, representing
a decrease
of 2.17%.
The firm
decreased
its portfolio allocation in POOL by 99.96% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares
holds 903K shares
representing 2.31% ownership of the company.
In it’s prior filing, the firm reported owning 898K shares, representing
an increase
of 0.57%.
The firm
decreased
its portfolio allocation in POOL by 11.97% over the last quarter.
What is the Fund Sentiment?
There are 1353 funds or institutions reporting positions in Pool.
This is a decrease
of
5
owner(s) or 0.37% in the last quarter.
Average portfolio weight of all funds dedicated to POOL is 0.30%,
a decrease
of 3.79%.
Total shares owned by institutions increased
in the last three months by 0.27% to 46,049K shares.
The put/call ratio of POOL is 3.11, indicating a
bearish
outlook.
Pool Background Information
(This description is provided by the company.)
Pool Corporation is the world’s largest wholesale distributor of swimming pool and related backyard products. POOLCORP operates approximately 375 sales centers in North America, Europe and Australia, through which it distributes more than 200,000 national brand and private label products to roughly 120,000 wholesale customers.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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