Daiwa Securities Group Inc. Boosts Holdings in Pool Co. (NASDAQ:POOL)

Daiwa Securities Group Inc. lifted its stake in Pool Co. (NASDAQ:POOL) by 4.5% in the 4th quarter, HoldingsChannel reports. The firm owned 5,173 shares of the specialty retailer’s stock after buying an additional 224 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Pool were worth $2,063,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Pool in the 4th quarter worth about $28,000. CVA Family Office LLC bought a new stake in Pool during the fourth quarter worth about $34,000. Huntington National Bank boosted its stake in Pool by 96.7% during the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 58 shares in the last quarter. Impact Partnership Wealth LLC purchased a new stake in Pool in the third quarter worth about $43,000. Finally, Allworth Financial LP increased its stake in shares of Pool by 48.2% during the third quarter. Allworth Financial LP now owns 123 shares of the specialty retailer’s stock valued at $44,000 after purchasing an additional 40 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

POOL has been the topic of a number of analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $370.00 price target on shares of Pool in a research report on Tuesday, March 5th. TheStreet downgraded Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Oppenheimer upped their price target on Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, Loop Capital downgraded Pool from a “buy” rating to a “hold” rating and upped their price target for the stock from $380.00 to $415.00 in a research note on Monday, January 8th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Pool has an average rating of “Hold” and a consensus target price of $397.80.

Pool Stock Performance

Shares of POOL opened at $365.88 on Tuesday. The business’s fifty day simple moving average is $394.15 and its two-hundred day simple moving average is $373.05. The company has a current ratio of 2.36, a quick ratio of 0.58 and a debt-to-equity ratio of 0.77. Pool Co. has a 12 month low of $307.77 and a 12 month high of $422.73. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 27.47, a P/E/G ratio of 3.35 and a beta of 1.00.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. Pool had a return on equity of 37.94% and a net margin of 9.44%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted $1.79 EPS. The company’s revenue was down 8.5% compared to the same quarter last year. Research analysts anticipate that Pool Co. will post 13.3 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a yield of 1.20%. Pool’s dividend payout ratio is 33.03%.

Insider Buying and Selling at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the sale, the general counsel now directly owns 8,622 shares in the company, valued at approximately $3,457,422. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.

Pool Company 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.