Sugarloaf Wealth Management LLC boosted its position in Pool Co. (NASDAQ:POOL – Free Report) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 579 shares of the specialty retailer’s stock after acquiring an additional 53 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Pool were worth $197,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its position in shares of Pool by 115.7% during the 2nd quarter. Acadian Asset Management LLC now owns 908 shares of the specialty retailer’s stock worth $277,000 after purchasing an additional 487 shares during the last quarter. Royal London Asset Management Ltd. increased its holdings in shares of Pool by 3.8% in the 2nd quarter. Royal London Asset Management Ltd. now owns 18,750 shares of the specialty retailer’s stock valued at $5,762,000 after acquiring an additional 689 shares during the last quarter. American Century Companies Inc. raised its position in shares of Pool by 9.6% during the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock worth $132,244,000 after acquiring an additional 37,598 shares in the last quarter. Qsemble Capital Management LP purchased a new stake in Pool during the second quarter worth approximately $1,113,000. Finally, Achmea Investment Management B.V. lifted its stake in Pool by 9.6% during the second quarter. Achmea Investment Management B.V. now owns 6,118 shares of the specialty retailer’s stock worth $1,880,000 after purchasing an additional 536 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on POOL. Oppenheimer raised their price objective on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Loop Capital upped their price objective on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Robert W. Baird lifted their target price on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus upped their target price on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $369.25.
Pool Stock Performance
Pool stock traded up $2.83 during mid-day trading on Friday, reaching $327.62. 322,049 shares of the company were exchanged, compared to its average volume of 383,705. The firm’s 50-day simple moving average is $359.22 and its two-hundred day simple moving average is $352.38. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The firm has a market cap of $12.47 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 2.20 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39.
Pool (NASDAQ:POOL – Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.11. The firm 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 for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the company earned $3.50 earnings per share. Equities analysts predict that Pool Co. will post 11.02 earnings per share for the current fiscal year.
Pool Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $1.20 per share. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.47%. Pool’s dividend payout ratio is currently 41.31%.
Pool 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.
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