Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Pool Corporation (NASDAQ:POOL - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 11,044 shares of the specialty retailer's stock, valued at approximately $3,516,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. grew its holdings in Pool by 2,300.0% in the fourth 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 last quarter. Whipplewood Advisors LLC grew its stake in Pool by 471.4% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer's stock worth $25,000 after buying an additional 66 shares during the last quarter. City Holding Co. purchased a new position in Pool during the 1st quarter worth $26,000. Atala Financial Inc purchased a new position in Pool during the 4th quarter worth $29,000. Finally, Versant Capital Management Inc grew its stake in shares of Pool by 790.9% during the first quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer's stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.
Analyst Ratings Changes
POOL has been the topic of several research analyst reports. Oppenheimer dropped their price target on Pool from $370.00 to $322.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Stifel Nicolaus set a $300.00 price target on Pool in a research report on Friday, April 25th. Robert W. Baird dropped their price target on shares of Pool from $325.00 to $310.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Wells Fargo & Company set a $300.00 price objective on Pool in a research report on Friday, April 25th. Finally, Stephens cut their target price on shares of Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $342.00.
View Our Latest Stock Analysis on POOL
Pool Trading Down 0.4%
Shares of POOL traded down $1.12 during mid-day trading on Friday, reaching $301.55. The stock had a trading volume of 522,026 shares, compared to its average volume of 427,462. 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 Corporation has a 52-week low of $282.22 and a 52-week high of $395.60. The business's fifty day moving average is $300.65 and its 200 day moving average is $321.45. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 3.86 and a beta of 1.10.
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 for the quarter, missing the consensus estimate of $1.42 by ($0.10). Pool had a net margin of 7.77% and a return on equity of 30.11%. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same period last year, the company earned $1.85 EPS. The business's quarterly revenue was down 4.4% on a year-over-year basis. On average, sell-side analysts predict that Pool Corporation will post 11.32 EPS for the current fiscal year.
Pool declared that its board has approved a stock repurchase program on Wednesday, April 30th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the specialty retailer to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.
Pool Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.66%. This is a positive change from Pool's previous quarterly dividend of $1.20. The ex-dividend date was Thursday, May 15th. Pool's dividend payout ratio is presently 46.90%.
Pool Company Profile
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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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