Eagle Asset Management Inc. decreased its position in Pool Co. (NASDAQ:POOL) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 602,171 shares of the specialty retailer’s stock after selling 1,940 shares during the quarter. Pool accounts for about 1.2% of Eagle Asset Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Eagle Asset Management Inc. owned approximately 1.50% of Pool worth $276,191,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Duncker Streett & Co. Inc. purchased a new position in shares of Pool during the 2nd quarter valued at approximately $28,000. SkyView Investment Advisors LLC boosted its stake in shares of Pool by 423.5% during the 1st quarter. SkyView Investment Advisors LLC now owns 89 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 72 shares during the last quarter. IndexIQ Advisors LLC purchased a new position in shares of Pool during the 2nd quarter valued at approximately $35,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Pool during the 2nd quarter valued at approximately $36,000. Finally, Lake Point Wealth Management purchased a new position in shares of Pool during the 2nd quarter valued at approximately $53,000. 90.90% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Pool from a “buy” rating to a “hold” rating and set a $482.00 price objective on the stock. in a research note on Thursday, July 1st. Loop Capital raised their price objective on Pool from $470.00 to $485.00 and gave the stock a “hold” rating in a research note on Friday, July 23rd. KeyCorp raised their price objective on Pool from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 8th. Finally, Robert W. Baird raised their price objective on Pool from $465.00 to $490.00 and gave the stock an “outperform” rating in a research note on Friday, July 23rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Pool has a consensus rating of “Hold” and an average price target of $462.14.
POOL stock traded down $1.27 during mid-day trading on Monday, reaching $462.77. The company had a trading volume of 3,680 shares, compared to its average volume of 290,396. The company has a quick ratio of 0.95, a current ratio of 2.23 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $18.56 billion, a P/E ratio of 35.11 and a beta of 0.77. Pool Co. has a one year low of $294.56 and a one year high of $500.85. The stock’s 50-day simple moving average is $478.62 and its two-hundred day simple moving average is $431.02.
Pool (NASDAQ:POOL) last posted its earnings results on Thursday, July 22nd. The specialty retailer reported $6.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.37 by $1.00. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Pool had a return on equity of 76.48% and a net margin of 11.12%. The firm’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same period last year, the business posted $3.72 earnings per share. On average, research analysts forecast that Pool Co. will post 14.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 26th. Shareholders of record on Thursday, August 12th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Wednesday, August 11th. Pool’s payout ratio is 38.00%.
Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also offers non-discretionary pool maintenance products such as chemicals and replacement parts; discretionary products like packaged pool kits, whole goods, irrigation, and landscape products, including a complete line of commercial and residential irrigation products and parts, power equipment for the professional landscape market; specialty products such as outdoor lighting, grills, and outdoor kitchen components; and golf irrigation and water management products.
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