37,896 Shares in Pool Corporation $POOL Bought by Alps Advisors Inc.

Key Points

• Alps Advisors acquired 37,896 Pool Corporation shares in the third quarter, worth about $6.1 million and representing roughly 0.10% of the company. Institutional investors collectively own nearly 99% of Pool’s stock.
• Pool reported quarterly earnings of $3.40 per share, topping estimates of $3.36, while revenue rose 3.7% year over year to $1.50 billion.
• Pool announced a quarterly dividend of $1.30 per share, equivalent to an annualized $5.20 and a 2.5% yield. Analysts’ consensus rating is “Hold,” with an average price target of $227.70.

Alps Advisors Inc. bought a new position in Pool Corporation (NASDAQ:POOL - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 37,896 shares of the specialty retailer's stock, valued at approximately $6,134,000. Alps Advisors Inc. owned approximately 0.10% of Pool as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Canvas Wealth Advisors LLC acquired a new stake in shares of Pool in the 3rd quarter worth about $188,000. Kestra Advisory Services LLC bought a new position in shares of Pool in the third quarter valued at approximately $215,000. Commonwealth Equity Services LLC lifted its holdings in shares of Pool by 15.3% in the third quarter. Commonwealth Equity Services LLC now owns 1,467 shares of the specialty retailer's stock valued at $237,000 after purchasing an additional 195 shares in the last quarter. Guardian Wealth Management Inc. lifted its holdings in shares of Pool by 4.9% in the third quarter. Guardian Wealth Management Inc. now owns 25,455 shares of the specialty retailer's stock valued at $4,120,000 after purchasing an additional 1,188 shares in the last quarter. Finally, Provenance Wealth Advisors LLC boosted its position in shares of Pool by 33,250.0% during the third quarter. Provenance Wealth Advisors LLC now owns 667 shares of the specialty retailer's stock valued at $108,000 after buying an additional 665 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Performance

NASDAQ POOL opened at $211.70 on Monday. The business's fifty day moving average is $177.55 and its 200-day moving average is $201.65. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.46 and a quick ratio of 0.86. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 3.21 and a beta of 0.93. Pool Corporation has a one year low of $152.70 and a one year high of $278.17.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The specialty retailer reported $3.40 earnings per share for the quarter, beating the consensus estimate of $3.36 by $0.04. Pool had a net margin of 7.27% and a return on equity of 33.50%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the business earned $3.39 earnings per share. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts predict that Pool Corporation will post 10.95 EPS for the current year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, November 10th. Pool's dividend payout ratio is currently 47.84%.

Analyst Upgrades and Downgrades

POOL has been the subject of several recent research reports. DA Davidson decreased their price target on Pool from $210.00 to $200.00 and set a "neutral" rating for the company in a report on Friday, October 23rd. Bank of America dropped their price objective on Pool from $226.00 to $206.00 and set an "underperform" rating on the stock in a research note on Monday, July 20th. Robert W. Baird set a $250.00 price objective on shares of Pool in a report on Friday, October 23rd. Citigroup reaffirmed an "underperform" rating on shares of Pool in a report on Monday, October 19th. Finally, Oppenheimer reduced their target price on shares of Pool from $280.00 to $227.00 and set an "outperform" rating for the company in a research note on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $227.70.

Pool Profile

Pool Corporation, doing business as POOL, is a wholesale distributor of swimming pool and related outdoor living products. It supplies pool builders, service companies, retailers and other professionals with products used to construct, maintain, repair and renovate swimming pools.

Its offerings include pool and spa equipment, chemicals, parts, maintenance supplies and accessories, as well as products for outdoor living and, in some markets, irrigation and landscape applications. Pool Corporation distributes these products through a network of sales centers and distribution facilities.

Founded in 1993, the company serves customers across North America, Europe and Australia.

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