JPMorgan Chase & Co. Has $409.05 Million Holdings in Pool Corporation (NASDAQ:POOL)

Key Points

• JPMorgan Chase & Co. increased its holdings in Pool Corporation by 3.6%, owning 1,284,918 shares valued at $409.05 million at the end of the last reporting period.
• Pool Corporation reported quarterly earnings of $5.17 EPS, surpassing analyst expectations, while generating $1.78 billion in revenue, which was slightly below the forecast.
• The company announced a quarterly dividend of $1.25 per share, representing an annual yield of 1.6% and indicating a dividend payout ratio of 46.13%.

JPMorgan Chase & Co. grew its stake in Pool Corporation (NASDAQ:POOL - Free Report) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,284,918 shares of the specialty retailer's stock after buying an additional 44,897 shares during the quarter. JPMorgan Chase & Co. owned 3.42% of Pool worth $409,054,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in POOL. Whipplewood Advisors LLC boosted its holdings in shares of Pool by 471.4% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer's stock valued at $25,000 after buying an additional 66 shares during the period. City Holding Co. acquired a new position in shares of Pool in the first quarter valued at approximately $26,000. Sentry Investment Management LLC acquired a new position in Pool during the first quarter worth $30,000. Versant Capital Management Inc boosted its holdings in 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 purchasing an additional 87 shares during the last quarter. Finally, FWL Investment Management LLC acquired a new position in Pool during the fourth quarter worth $39,000. Institutional investors and hedge funds own 98.99% of the company's stock.

Pool Stock Performance

Shares of POOL stock opened at $306.65 on Tuesday. The stock has a market cap of $11.44 billion, a P/E ratio of 28.29, a P/E/G ratio of 4.22 and a beta of 1.07. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87. The company has a fifty day moving average price of $302.70 and a two-hundred day moving average price of $314.90. Pool Corporation has a one year low of $282.22 and a one year high of $395.60.

Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, beating analysts' consensus estimates of $5.12 by $0.05. The firm had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. The company's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $4.99 earnings per share. As a group, equities analysts predict that Pool Corporation will post 11.32 EPS for the current year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, August 14th. Pool's dividend payout ratio (DPR) is currently 46.13%.

Pool announced that its board has initiated 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 reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Oppenheimer increased their target price on shares of Pool from $322.00 to $346.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Stephens reduced their target price on shares of Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Wall Street Zen upgraded shares of Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Stifel Nicolaus set a $300.00 target price on shares of Pool in a report on Friday, April 25th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $342.14.

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.

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