Livforsakringsbolaget Skandia Omsesidigt reduced its stake in shares of Pool Co. (NASDAQ:POOL – Get Rating) by 50.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 400 shares of the specialty retailer’s stock after selling 400 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Pool were worth $226,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of POOL. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Pool by 9.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 6,022 shares of the specialty retailer’s stock worth $994,000 after acquiring an additional 500 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Pool by 6.1% during the 3rd quarter. Goldman Sachs Group Inc. now owns 196,049 shares of the specialty retailer’s stock worth $85,166,000 after acquiring an additional 11,215 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Pool by 14.3% during the 3rd quarter. American Century Companies Inc. now owns 3,963 shares of the specialty retailer’s stock worth $1,722,000 after acquiring an additional 495 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Pool by 7.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,780 shares of the specialty retailer’s stock worth $2,945,000 after acquiring an additional 490 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its position in Pool by 53.0% in the 3rd quarter. First Republic Investment Management Inc. now owns 6,525 shares of the specialty retailer’s stock worth $2,835,000 after purchasing an additional 2,261 shares during the period. 91.88% of the stock is owned by institutional investors.
A number of brokerages recently commented on POOL. Loop Capital lifted their target price on shares of Pool from $455.00 to $465.00 and gave the stock a “hold” rating in a research report on Friday, April 22nd. StockNews.com began coverage on shares of Pool in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet cut shares of Pool from a “b” rating to a “c+” rating in a research report on Thursday, April 21st. Longbow Research upgraded shares of Pool from a “neutral” rating to a “buy” rating and set a $550.00 target price on the stock in a research report on Tuesday, April 19th. Finally, Berenberg Bank restated a “buy” rating and issued a $519.00 price objective on shares of Pool in a research report on Tuesday, March 8th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Pool currently has an average rating of “Hold” and an average price target of $539.22.
Shares of NASDAQ POOL opened at $389.20 on Wednesday. Pool Co. has a 1 year low of $377.52 and a 1 year high of $582.27. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.50 and a quick ratio of 0.79. The company’s 50-day moving average is $422.78 and its 200 day moving average is $477.51. The stock has a market capitalization of $15.60 billion, a P/E ratio of 21.66, a P/E/G ratio of 2.13 and a beta of 0.87.
Pool (NASDAQ:POOL – Get Rating) last announced its quarterly earnings results on Thursday, April 21st. The specialty retailer reported $4.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $1.35. Pool had a net margin of 12.95% and a return on equity of 69.76%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company earned $2.42 earnings per share. Pool’s quarterly revenue was up 33.2% on a year-over-year basis. Research analysts anticipate that Pool Co. will post 18.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Monday, May 16th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, May 13th. This represents a $4.00 annualized dividend and a dividend yield of 1.03%. This is a boost from Pool’s previous quarterly dividend of $0.80. Pool’s payout ratio is currently 22.26%.
Pool Company Profile (Get Rating)
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; fiberglass pools, and hot tubs and 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 related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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