Pitcairn Co. acquired a new stake in shares of Pool Co. (NASDAQ:POOL – Free Report) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 940 shares of the specialty retailer’s stock, valued at approximately $379,000.
Several other large investors have also recently modified their holdings of POOL. International Assets Investment Management LLC boosted its holdings in Pool by 30,047.2% in the 4th quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock worth $73,322,000 after buying an additional 183,288 shares during the period. TD Asset Management Inc boosted its holdings in shares of Pool by 585.6% in the fourth quarter. TD Asset Management Inc now owns 183,060 shares of the specialty retailer’s stock worth $72,988,000 after acquiring an additional 156,361 shares during the period. Norges Bank purchased a new position in shares of Pool in the fourth quarter valued at $44,697,000. Epoch Investment Partners Inc. raised its stake in shares of Pool by 711.3% during the 4th quarter. Epoch Investment Partners Inc. now owns 123,419 shares of the specialty retailer’s stock valued at $49,208,000 after purchasing an additional 108,207 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Pool by 37.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 332,462 shares of the specialty retailer’s stock worth $132,556,000 after purchasing an additional 90,145 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on POOL shares. Stifel Nicolaus reduced their target price on Pool from $360.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, July 18th. Oppenheimer reduced their price objective on shares of Pool from $416.00 to $356.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Wells Fargo & Company lowered their target price on shares of Pool from $360.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 25th. Robert W. Baird cut their price target on shares of Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a report on Tuesday, June 25th. Finally, Stephens decreased their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Pool has an average rating of “Hold” and a consensus price target of $321.75.
Pool Price Performance
NASDAQ:POOL traded up $32.75 during midday trading on Thursday, hitting $359.94. The company had a trading volume of 1,077,721 shares, compared to its average volume of 370,720. The company has a market capitalization of $13.80 billion, a PE ratio of 27.49, a P/E/G ratio of 2.49 and a beta of 1.00. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The stock’s fifty day moving average price is $336.31 and its 200-day moving average price is $368.75.
Pool (NASDAQ:POOL – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. Pool’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.46 earnings per share. As a group, research analysts expect that Pool Co. will post 10.95 earnings per share for the current year.
Pool Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $1.20 per share. This is a boost from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Wednesday, May 15th. Pool’s dividend payout ratio (DPR) is presently 37.56%.
About Pool
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.
Featured Stories
- Five stocks we like better than Pool
- 3 Stocks to Consider Buying in October
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- What Investors Need to Know to Beat the Market
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Want to see what other hedge funds are holding POOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pool Co. (NASDAQ:POOL – Free Report).
Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.