Impact Partnership Wealth LLC Purchases 496 Shares of Pool Co. (NASDAQ:POOL)

Impact Partnership Wealth LLC lifted its position in shares of Pool Co. (NASDAQ:POOL) by 77.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,136 shares of the specialty retailer’s stock after acquiring an additional 496 shares during the period. Impact Partnership Wealth LLC’s holdings in Pool were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB bought a new position in Pool in the 1st quarter valued at approximately $96,528,000. TD Asset Management Inc lifted its stake in Pool by 585.6% in the 4th quarter. TD Asset Management Inc now owns 183,060 shares of the specialty retailer’s stock valued at $72,988,000 after purchasing an additional 156,361 shares during the last quarter. Caledonia Investments PLC bought a new position in Pool in the 2nd quarter valued at approximately $37,390,000. Norges Bank bought a new position in Pool in the 4th quarter valued at approximately $44,697,000. Finally, Epoch Investment Partners Inc. lifted its stake in Pool by 711.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 123,419 shares of the specialty retailer’s stock valued at $49,208,000 after purchasing an additional 108,207 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 0.7 %

POOL opened at $341.97 on Friday. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The company has a fifty day moving average of $339.13 and a 200-day moving average of $362.48. The stock has a market cap of $13.08 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 2.58 and a beta of 1.00.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.09. Pool had a net margin of 8.58% and a return on equity of 32.85%. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the company posted $5.89 earnings per share. Pool’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, sell-side analysts predict that Pool Co. will post 10.98 EPS for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s payout ratio is 37.56%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on POOL. Robert W. Baird increased their price objective on shares of Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Loop Capital decreased their price target on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday, June 25th. Stephens decreased their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, June 25th. Bank of America decreased their price target on shares of Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. Finally, Stifel Nicolaus upped their price target on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Pool has an average rating of “Hold” and a consensus price target of $350.00.

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.