Toronto Dominion Bank Purchases 6,744 Shares of Pool Co. (NASDAQ:POOL)

Toronto Dominion Bank boosted its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 49.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,395 shares of the specialty retailer's stock after purchasing an additional 6,744 shares during the period. Toronto Dominion Bank owned 0.05% of Pool worth $6,953,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of POOL. Rakuten Securities Inc. boosted its stake in shares of Pool by 2,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer's stock valued at $25,000 after buying an additional 69 shares during the period. Atala Financial Inc acquired a new stake in shares of Pool during the 4th quarter valued at $29,000. Sierra Ocean LLC acquired a new stake in shares of Pool during the 4th quarter valued at $30,000. FWL Investment Management LLC acquired a new stake in shares of Pool during the 4th quarter valued at $39,000. Finally, Private Trust Co. NA boosted its stake in shares of Pool by 76.9% during the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer's stock valued at $47,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

Insider Transactions at Pool

In related news, SVP Jennifer M. Neil sold 1,223 shares of the firm's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $315.00, for a total value of $385,245.00. Following the completion of the transaction, the senior vice president now owns 9,667 shares of the company's stock, valued at approximately $3,045,105. This trade represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pool in a research note on Tuesday, April 1st. They issued a "hold" rating and a $344.00 price objective for the company. Oppenheimer dropped their price objective on shares of Pool from $370.00 to $322.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Stifel Nicolaus set a $300.00 target price on shares of Pool in a research note on Friday, April 25th. Wall Street Zen lowered shares of Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company set a $300.00 price target on shares of Pool in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $336.22.

Pool Trading Down 0.4%

POOL traded down $1.24 during mid-day trading on Friday, hitting $299.55. The stock had a trading volume of 749,490 shares, compared to its average volume of 402,950. The stock's fifty day simple moving average is $306.36 and its 200-day simple moving average is $334.01. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The firm has a market capitalization of $11.26 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. Pool Co. has a 1-year low of $284.28 and a 1-year high of $395.60.

Pool (NASDAQ:POOL - Get Free Report) last posted its 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 return on equity of 31.11% and a net margin of 8.18%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business posted $1.85 earnings per share. The company's revenue for the quarter was down 4.4% on a year-over-year basis. As a group, research analysts forecast that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool declared that its board has authorized a share repurchase plan on Wednesday, April 30th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the specialty retailer to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Pool Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a dividend of $1.25 per share. This is an increase from Pool's previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $5.00 annualized dividend and a dividend yield of 1.67%. Pool's dividend payout ratio is currently 46.90%.

Pool 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.