Pool Co. (NASDAQ:POOL) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its holdings in Pool Co. (NASDAQ:POOL) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 193,034 shares of the specialty retailer’s stock after acquiring an additional 26,521 shares during the period. Fisher Asset Management LLC owned approximately 0.51% of Pool worth $65,813,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Empirical Finance LLC increased its holdings in shares of Pool by 3.7% during the 3rd quarter. Empirical Finance LLC now owns 1,103 shares of the specialty retailer’s stock worth $416,000 after buying an additional 39 shares during the last quarter. Second Line Capital LLC increased its holdings in shares of Pool by 4.8% during the 3rd quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock worth $322,000 after buying an additional 39 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Pool by 4.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock worth $383,000 after buying an additional 43 shares during the last quarter. Sugarloaf Wealth Management LLC increased its holdings in shares of Pool by 10.1% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock worth $197,000 after buying an additional 53 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of Pool by 0.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer’s stock worth $2,732,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

NASDAQ:POOL opened at $347.00 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. The stock has a market capitalization of $13.21 billion, a P/E ratio of 30.76, a PEG ratio of 2.03 and a beta of 1.03. The company has a 50 day moving average price of $342.99 and a 200 day moving average price of $355.50. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $987.48 million during the quarter, compared to analysts’ expectations of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. Equities research analysts forecast that Pool Co. will post 11.32 EPS for the current year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 annualized dividend and a yield of 1.38%. Pool’s dividend payout ratio is presently 42.55%.

Insider Buying and Selling at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the transaction, the director now owns 62,577 shares of the company’s stock, valued at $21,651,642. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

POOL has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $368.00.

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.