First Hawaiian Bank Takes $267,000 Position in Pool Co. (POOL)

First Hawaiian Bank bought a new stake in Pool Co. (NASDAQ:POOL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,596 shares of the specialty retailer’s stock, valued at approximately $267,000.

Other hedge funds also recently made changes to their positions in the company. First Trust Advisors LP boosted its stake in shares of Pool by 22.1% in the second quarter. First Trust Advisors LP now owns 66,298 shares of the specialty retailer’s stock valued at $10,044,000 after buying an additional 12,017 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Pool by 17.4% in the second quarter. OppenheimerFunds Inc. now owns 650,811 shares of the specialty retailer’s stock valued at $98,598,000 after buying an additional 96,678 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Pool by 3.9% in the second quarter. Janus Henderson Group PLC now owns 327,943 shares of the specialty retailer’s stock valued at $49,683,000 after buying an additional 12,293 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Pool by 2.5% in the first quarter. Principal Financial Group Inc. now owns 205,748 shares of the specialty retailer’s stock valued at $30,085,000 after buying an additional 4,922 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Pool by 11.0% in the second quarter. BlackRock Inc. now owns 3,754,763 shares of the specialty retailer’s stock valued at $568,848,000 after buying an additional 370,948 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

Pool stock opened at $143.51 on Wednesday. The company has a current ratio of 3.29, a quick ratio of 1.18 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $5.70 billion, a P/E ratio of 35.97, a price-to-earnings-growth ratio of 1.06 and a beta of 0.84. Pool Co. has a 1-year low of $117.51 and a 1-year high of $175.87.



Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 18th. The specialty retailer reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.08. The company had revenue of $811.31 million for the quarter. Pool had a return on equity of 78.04% and a net margin of 8.21%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 earnings per share. On average, equities analysts anticipate that Pool Co. will post 5.66 earnings per share for the current fiscal year.

POOL has been the topic of a number of analyst reports. BidaskClub downgraded Pool from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 4th. Zacks Investment Research upgraded Pool from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research note on Friday, July 6th. Robert W. Baird downgraded Pool from an “outperform” rating to a “neutral” rating and set a $131.00 price target on the stock. in a research note on Tuesday, July 3rd. Finally, Jefferies Financial Group initiated coverage on Pool in a research note on Friday, October 12th. They issued a “hold” rating and a $145.00 price target on the stock. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Pool presently has a consensus rating of “Hold” and an average price target of $156.60.

In other Pool news, insider Arthur D. Cook sold 10,000 shares of the business’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $164.11, for a total transaction of $1,641,100.00. Following the sale, the insider now directly owns 65,357 shares in the company, valued at $10,725,737.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Sledd sold 5,766 shares of the business’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $162.96, for a total value of $939,627.36. Following the sale, the director now owns 23,246 shares in the company, valued at $3,788,168.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,766 shares of company stock worth $11,473,167. 6.00% of the stock is owned by company insiders.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.

See Also: Fiduciary

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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.

Leave a Reply