Cetera Investment Advisers increased its holdings in Pool Co. (NASDAQ:POOL - Free Report) by 16.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,242 shares of the specialty retailer's stock after acquiring an additional 1,273 shares during the quarter. Cetera Investment Advisers' holdings in Pool were worth $3,151,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in POOL. Rakuten Securities Inc. lifted its position in shares of Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 69 shares during the period. Atala Financial Inc purchased a new position in Pool during the fourth quarter valued at approximately $29,000. Sierra Ocean LLC bought a new position in Pool in the fourth quarter worth approximately $30,000. Private Trust Co. NA lifted its holdings in Pool by 76.9% during the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer's stock worth $47,000 after buying an additional 60 shares during the period. Finally, YANKCOM Partnership bought a new stake in Pool during the 4th quarter valued at $61,000. 98.99% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Wells Fargo & Company set a $300.00 price target on Pool in a research report on Friday, April 25th. StockNews.com downgraded shares of Pool from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Robert W. Baird decreased their price target on shares of Pool from $325.00 to $310.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Stifel Nicolaus set a $300.00 price target on shares of Pool in a report on Friday, April 25th. Finally, Oppenheimer cut their price objective on shares of Pool from $370.00 to $322.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $336.22.
Read Our Latest Stock Report on Pool
Pool Stock Performance
POOL stock traded up $1.63 during trading on Monday, reaching $322.45. The company had a trading volume of 998,821 shares, compared to its average volume of 396,760. The company has a market cap of $12.12 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Pool Co. has a twelve month low of $284.28 and a twelve month high of $395.60. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. The firm has a 50-day simple moving average of $310.12 and a 200-day simple moving average of $337.75.
Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.42 by ($0.10). The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.10 billion. Pool had a return on equity of 31.11% and a net margin of 8.18%. The company's quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.85 EPS. As a group, sell-side analysts expect that Pool Co. will post 11.32 earnings per share for the current year.
Pool Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.55%. This is a boost from Pool's previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, May 15th. Pool's dividend payout ratio (DPR) is presently 46.90%.
Pool announced that its board has approved a stock repurchase plan on Wednesday, April 30th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.
Insider Buying and Selling
In other Pool news, SVP Jennifer M. Neil sold 1,223 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the completion of the transaction, the senior vice president now directly owns 9,667 shares of the company's stock, valued at approximately $3,045,105. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the sale, the director now owns 62,577 shares of the company's stock, valued at approximately $21,651,642. The trade was a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.
About Pool
(
Free Report)
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.
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