XTX Topco Ltd Purchases New Holdings in Pool Corporation (NASDAQ:POOL)

XTX Topco Ltd purchased a new stake in Pool Corporation (NASDAQ:POOL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,658 shares of the specialty retailer's stock, valued at approximately $846,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Whipplewood Advisors LLC lifted its holdings in Pool by 471.4% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer's stock worth $25,000 after buying an additional 66 shares during the last quarter. City Holding Co. bought a new position in Pool during the 1st quarter worth approximately $26,000. Versant Capital Management Inc lifted its holdings in Pool by 790.9% during the 1st quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer's stock worth $31,000 after buying an additional 87 shares during the last quarter. Sentry Investment Management LLC bought a new position in Pool during the 1st quarter worth approximately $30,000. Finally, FWL Investment Management LLC bought a new position in Pool during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Pool Stock Up 0.2%

Shares of Pool stock opened at $308.67 on Monday. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93. The business's 50 day simple moving average is $301.72 and its 200-day simple moving average is $316.88. The stock has a market capitalization of $11.52 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 4.26 and a beta of 1.07. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60.

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

Pool announced that its board has approved a stock repurchase plan on Wednesday, April 30th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Pool Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have commented on POOL. Wells Fargo & Company increased 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. Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Stephens reduced their target price on Pool from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Robert W. Baird increased their target price on Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Oppenheimer increased their target price on Pool from $322.00 to $346.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $342.14.

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.

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