Quadrature Capital Ltd Has $4.57 Million Position in Pool Co. (NASDAQ:POOL)

Quadrature Capital Ltd lowered its stake in shares of Pool Co. (NASDAQ:POOL) by 72.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 11,329 shares of the specialty retailer’s stock after selling 30,180 shares during the quarter. Quadrature Capital Ltd’s holdings in Pool were worth $4,567,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new stake in Pool during the fourth quarter worth $28,000. Stuart Chaussee & Associates Inc. lifted its stake in Pool by 250.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 55 shares during the last quarter. CVA Family Office LLC bought a new stake in Pool during the fourth quarter worth $34,000. Lindbrook Capital LLC lifted its stake in Pool by 73.7% during the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 42 shares during the last quarter. Finally, VisionPoint Advisory Group LLC lifted its stake in Pool by 11,800.0% during the fourth quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 118 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Trading Up 3.3 %

NASDAQ:POOL traded up $11.88 during trading hours on Friday, hitting $371.82. 787,168 shares of the company were exchanged, compared to its average volume of 481,398. The stock has a market capitalization of $14.25 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 2.62 and a beta of 1.00. The company has a current ratio of 2.48, a quick ratio of 0.56 and a debt-to-equity ratio of 0.75. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company has a fifty day simple moving average of $336.23 and a 200 day simple moving average of $368.62.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $4.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.08. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. Pool’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $5.89 EPS. Sell-side analysts expect that Pool Co. will post 11.06 EPS for the current fiscal year.

Pool Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a dividend of $1.20 per share. This is a positive change from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a yield of 1.29%. The ex-dividend date was Wednesday, May 15th. Pool’s dividend payout ratio (DPR) is currently 37.56%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Stephens cut their target price on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. Oppenheimer upped their target price on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday. The Goldman Sachs Group upped their target price on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus dropped their price target on Pool from $360.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. Finally, Robert W. Baird increased their price target on Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $347.22.

About Pool

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.