Natixis Acquires Shares of 2,192 Pool Co. (NASDAQ:POOL)

Natixis acquired a new stake in shares of Pool Co. (NASDAQ:POOL) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,192 shares of the specialty retailer’s stock, valued at approximately $884,000.

A number of other institutional investors also recently added to or reduced their stakes in POOL. Turtle Creek Wealth Advisors LLC acquired a new stake in Pool during the fourth quarter valued at approximately $28,000. Stuart Chaussee & Associates Inc. raised its stake in shares of Pool by 250.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 55 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Pool in the fourth quarter valued at approximately $34,000. Lindbrook Capital LLC raised its stake in shares of Pool by 73.7% in the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 42 shares during the last quarter. Finally, VisionPoint Advisory Group LLC raised its stake in shares of Pool by 11,800.0% in the fourth quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 118 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Trading Up 1.5 %

POOL stock traded up $5.57 during trading on Friday, hitting $365.51. The company had a trading volume of 47,541 shares, compared to its average volume of 368,460. The firm has a 50-day moving average price of $336.31 and a 200-day moving average price of $368.75. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The stock has a market cap of $14.01 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 2.41 and a beta of 1.00.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, July 25th. The specialty retailer reported $4.98 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.08. Pool had a net margin of 9.17% and a return on equity of 35.49%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business earned $5.89 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, analysts predict that Pool Co. will post 10.95 earnings per share for the current year.

Pool Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Wednesday, May 15th. This is a positive change from Pool’s previous quarterly dividend of $1.10. Pool’s payout ratio is currently 37.56%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on POOL shares. Stifel Nicolaus cut their target price on shares of Pool from $360.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. Bank of America cut their target price on shares of Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th. Robert W. Baird lifted their target price on shares of Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research note on Friday. Loop Capital cut their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday, June 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $335.75.

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.