1,494 Shares in Pool Corporation (NASDAQ:POOL) Bought by Roundview Capital LLC

Roundview Capital LLC acquired a new position in Pool Corporation (NASDAQ:POOL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,494 shares of the specialty retailer's stock, valued at approximately $476,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Pool by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,443,451 shares of the specialty retailer's stock worth $1,514,950,000 after buying an additional 21,870 shares during the period. Wellington Management Group LLP lifted its position in shares of Pool by 27.5% during the 4th quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer's stock worth $355,435,000 after buying an additional 224,674 shares during the period. Geode Capital Management LLC lifted its position in shares of Pool by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 977,862 shares of the specialty retailer's stock worth $332,566,000 after buying an additional 13,519 shares during the period. Invesco Ltd. lifted its position in shares of Pool by 6.2% during the 4th quarter. Invesco Ltd. now owns 763,817 shares of the specialty retailer's stock worth $260,416,000 after buying an additional 44,884 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in shares of Pool by 25.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 636,007 shares of the specialty retailer's stock worth $216,840,000 after buying an additional 129,780 shares during the period. Institutional investors own 98.99% of the company's stock.

Pool Trading Up 3.0%

Shares of NASDAQ POOL traded up $9.49 during midday trading on Thursday, hitting $326.34. The stock had a trading volume of 1,112,451 shares, compared to its average volume of 704,358. The company's 50-day simple moving average is $300.95 and its 200 day simple moving average is $317.93. The firm has a market cap of $12.27 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 4.43 and a beta of 1.10. Pool Corporation has a fifty-two week low of $282.22 and a fifty-two week high of $395.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.79 and a quick ratio of 0.53.

Pool (NASDAQ:POOL - Get Free Report) last released its earnings results on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, missing the consensus estimate of $5.19 by ($0.02). The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. Pool had a net margin of 7.77% and a return on equity of 30.11%. The firm's quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the business posted $4.99 earnings per share. Research analysts anticipate that Pool Corporation will post 11.32 EPS for the current year.

Pool announced that its Board of Directors has approved a share repurchase program on Wednesday, April 30th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the specialty retailer to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Pool Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a $1.25 dividend. This is a boost from Pool's previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Thursday, May 15th. Pool's dividend payout ratio (DPR) is 46.90%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on POOL shares. Deutsche Bank Aktiengesellschaft started coverage on Pool in a research report on Tuesday, April 1st. They set a "hold" rating and a $344.00 target price for the company. Stephens dropped their price target on Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Oppenheimer dropped their price target on Pool from $370.00 to $322.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Robert W. Baird dropped their price target on Pool from $325.00 to $310.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Finally, Stifel Nicolaus set a $300.00 price target on Pool in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $344.50.

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.