Vanguard Group Inc. boosted its position in Pool Corporation (NASDAQ:POOL - Free Report) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,456,246 shares of the specialty retailer's stock after acquiring an additional 12,795 shares during the period. Vanguard Group Inc. owned 11.85% of Pool worth $1,418,646,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. Whipplewood Advisors LLC lifted its stake in Pool by 471.4% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 66 shares during the period. City Holding Co. purchased a new position in Pool during the 1st quarter valued at $26,000. Sentry Investment Management LLC bought a new position in Pool in the 1st quarter worth $30,000. Versant Capital Management Inc lifted its position in shares of Pool by 790.9% in the 1st 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 period. Finally, FWL Investment Management LLC bought a new stake in shares of Pool during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 98.99% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on POOL. Oppenheimer boosted their price target on shares of Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Wells Fargo & Company upped their target price on Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Robert W. Baird raised their target price on Pool from $310.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Stifel Nicolaus set a $300.00 price target on Pool in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $342.14.
Check Out Our Latest Analysis on POOL
Pool Stock Up 2.0%
Shares of POOL stock traded up $6.20 during trading hours on Tuesday, hitting $312.85. 319,284 shares of the company's stock traded hands, compared to its average volume of 542,791. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. The stock's fifty day simple moving average is $302.85 and its two-hundred day simple moving average is $314.89. Pool Corporation has a 12-month low of $282.22 and a 12-month high of $395.60. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 4.23 and a beta of 1.07.
Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, beating analysts' consensus estimates of $5.12 by $0.05. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. Pool had a return on equity of 30.99% and a net margin of 7.79%. The firm's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company earned $4.99 EPS. On average, analysts expect that Pool Corporation will post 11.32 EPS for the current year.
Pool Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid 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 payout ratio is presently 46.13%.
Pool announced that its Board of Directors has approved a stock buyback plan on Wednesday, April 30th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the specialty retailer to purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its stock is undervalued.
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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