Stephens Investment Management Group LLC purchased a new position in shares of Pool Co. (NASDAQ:POOL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 58,079 shares of the specialty retailer’s stock, valued at approximately $15,790,000. Stephens Investment Management Group LLC owned 0.14% of Pool as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Credit Agricole S A acquired a new stake in Pool in the first quarter valued at approximately $31,000. Picton Mahoney Asset Management acquired a new stake in Pool in the second quarter valued at approximately $54,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Pool in the second quarter valued at approximately $75,000. Denali Advisors LLC acquired a new stake in Pool in the second quarter valued at approximately $82,000. Finally, Blue Square Asset Management LLC acquired a new stake in Pool in the second quarter valued at approximately $105,000. Institutional investors and hedge funds own 94.14% of the company’s stock.
In other Pool news, VP Romain Kenneth G. St sold 4,996 shares of Pool stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $310.02, for a total transaction of $1,548,859.92. Following the sale, the vice president now owns 99,136 shares in the company, valued at $30,734,142.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Hart Melanie Housey sold 1,027 shares of Pool stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $338.39, for a total transaction of $347,526.53. Following the sale, the chief accounting officer now owns 10,309 shares in the company, valued at approximately $3,488,462.51. The disclosure for this sale can be found here. Insiders have sold 57,793 shares of company stock worth $18,396,927 in the last ninety days. 4.00% of the stock is currently owned by insiders.
POOL stock traded down $5.65 on Wednesday, reaching $302.83. 3,432 shares of the company were exchanged, compared to its average volume of 291,712. Pool Co. has a 12 month low of $160.35 and a 12 month high of $342.15. The stock’s fifty day moving average price is $318.77 and its 200 day moving average price is $254.18. The firm has a market capitalization of $12.36 billion, a PE ratio of 43.57 and a beta of 0.87. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.06 and a quick ratio of 0.92.
Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 23rd. The specialty retailer reported $3.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.09 by $0.78. Pool had a net margin of 8.32% and a return on equity of 69.72%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm posted $3.22 earnings per share. Pool’s revenue was up 14.2% compared to the same quarter last year. As a group, research analysts expect that Pool Co. will post 7.25 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Wednesday, August 12th. Pool’s dividend payout ratio (DPR) is currently 39.79%.
A number of research firms have issued reports on POOL. Loop Capital lifted their target price on shares of Pool from $202.00 to $267.00 and gave the company a “hold” rating in a research note on Friday, May 29th. Zacks Investment Research lowered shares of Pool from a “hold” rating to a “sell” rating and set a $272.00 price target on the stock. in a research report on Friday, May 29th. KeyCorp lifted their price target on shares of Pool from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Robert W. Baird lifted their price target on shares of Pool from $258.00 to $271.00 and gave the company an “outperform” rating in a research report on Friday, June 19th. Finally, BidaskClub lowered shares of Pool from a “buy” rating to a “hold” rating in a research report on Friday, September 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Pool has a consensus rating of “Hold” and an average target price of $255.50.
Pool Company Profile
Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.
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