Pool Corporation (NASDAQ:POOL) Position Decreased by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its holdings in Pool Corporation by 37.5% during the first quarter, now owning approximately 0.67% of the company.
• Pool Corporation reported $5.17 earnings per share for its last quarter, exceeding analysts' estimates, despite revenue of $1.78 billion being slightly below expectations.
• The company declared a quarterly dividend of $1.25 per share, representing an annualized yield of 1.6% and a payout ratio of 46.13%.

Deutsche Bank AG decreased its holdings in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 37.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 250,427 shares of the specialty retailer's stock after selling 150,227 shares during the period. Deutsche Bank AG owned approximately 0.67% of Pool worth $79,723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in shares of Pool by 4.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 368,583 shares of the specialty retailer's stock valued at $117,338,000 after purchasing an additional 14,422 shares in the last quarter. ASR Vermogensbeheer N.V. bought a new position in shares of Pool during the 1st quarter valued at about $294,000. Vanguard Group Inc. lifted its stake in Pool by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer's stock valued at $1,418,646,000 after buying an additional 12,795 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Pool by 28.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 828 shares of the specialty retailer's stock valued at $264,000 after buying an additional 183 shares in the last quarter. Finally, Empower Advisory Group LLC lifted its stake in Pool by 2.4% during the first quarter. Empower Advisory Group LLC now owns 193,989 shares of the specialty retailer's stock valued at $61,757,000 after buying an additional 4,592 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

POOL has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Wall Street Zen raised shares of Pool from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Stifel Nicolaus set a $300.00 price objective on shares of Pool in a research note on Friday, April 25th. Robert W. Baird upped their price objective on shares of Pool from $310.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Finally, Stephens reduced their price objective 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. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $342.14.

Pool Price Performance

NASDAQ POOL opened at $305.68 on Monday. The company has a 50 day simple moving average of $302.57 and a 200-day simple moving average of $315.23. 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 firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 28.20, a price-to-earnings-growth ratio of 4.22 and a beta of 1.07. Pool Corporation has a 52-week low of $282.22 and a 52-week high of $395.60.

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

Pool declared that its board has approved a share repurchase program on Wednesday, April 30th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be issued a $1.25 dividend. The ex-dividend date is Thursday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. Pool's dividend payout ratio is currently 46.13%.

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.

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