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JT Stratford LLC Invests $506,000 in Pool Co. (NASDAQ:POOL)

Pool logo with Consumer Discretionary background

JT Stratford LLC purchased a new stake in Pool Co. (NASDAQ:POOL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,484 shares of the specialty retailer's stock, valued at approximately $506,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings 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 valued at $1,514,950,000 after buying an additional 21,870 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Pool by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer's stock valued at $474,886,000 after acquiring an additional 232,914 shares in the last quarter. Wellington Management Group LLP grew its holdings in Pool by 27.5% during the fourth quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer's stock worth $355,435,000 after acquiring an additional 224,674 shares during the period. Geode Capital Management LLC grew its stake in shares of Pool by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 977,862 shares of the specialty retailer's stock worth $332,566,000 after purchasing an additional 13,519 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in 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. Institutional investors and hedge funds own 98.99% of the company's stock.

Analyst Ratings Changes

POOL has been the topic of a number of recent research reports. Stephens cut their price target on shares of Pool from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Oppenheimer lowered their price target on Pool from $370.00 to $322.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Stifel Nicolaus set a $300.00 price objective on Pool in a research report on Friday, April 25th. Wall Street Zen downgraded Pool from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, Robert W. Baird cut 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $336.22.

Check Out Our Latest Research Report on POOL

Pool Price Performance

Shares of Pool stock traded down $2.22 during midday trading on Wednesday, hitting $299.31. 161,250 shares of the company were exchanged, compared to its average volume of 400,317. The firm has a 50 day simple moving average of $307.81 and a 200-day simple moving average of $335.28. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. Pool Co. has a 52 week low of $284.28 and a 52 week high of $395.60. The firm has a market cap of $11.25 billion, a P/E ratio of 26.52, a PEG ratio of 2.03 and a beta of 1.20.

Pool (NASDAQ:POOL - Get Free Report) last announced its earnings results on Thursday, April 24th. The specialty retailer reported $1.32 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.10). Pool had a return on equity of 31.11% and a net margin of 8.18%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm earned $1.85 earnings per share. The firm's revenue was down 4.4% compared to the same quarter last year. Research analysts forecast that Pool Co. will post 11.32 earnings per share for the current year.

Pool Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a $1.25 dividend. The ex-dividend date is Thursday, May 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.67%. This is a positive change from Pool's previous quarterly dividend of $1.20. Pool's dividend payout ratio (DPR) is currently 46.90%.

Pool declared that its board has initiated a stock buyback plan on Wednesday, April 30th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the specialty retailer to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In related news, SVP Jennifer M. Neil sold 1,223 shares of Pool stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $315.00, for a total value of $385,245.00. Following the sale, the senior vice president now owns 9,667 shares of the company's stock, valued at approximately $3,045,105. The trade was a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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