Cullen Investment Group LTD. bought a new stake in Pool Co. (NASDAQ:POOL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,925 shares of the specialty retailer's stock, valued at approximately $5,153,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in POOL. Clear Street Markets LLC raised its position in Pool by 94.9% in the first quarter. Clear Street Markets LLC now owns 76 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 37 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Pool in the 4th quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Pool in the 3rd quarter valued at $33,000. CVA Family Office LLC purchased a new stake in shares of Pool in the 4th quarter valued at $34,000. Finally, Huntington National Bank raised its holdings in shares of Pool by 96.7% in the 3rd quarter. Huntington National Bank now owns 118 shares of the specialty retailer's stock valued at $42,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 98.99% of the company's stock.
Pool Stock Down 1.7 %
Shares of NASDAQ:POOL traded down $6.60 on Monday, hitting $373.60. 259,520 shares of the company's stock were exchanged, compared to its average volume of 316,645. The firm's 50-day moving average is $395.42 and its 200 day moving average is $372.37. The company has a market capitalization of $14.38 billion, a PE ratio of 28.05, a P/E/G ratio of 3.53 and a beta of 1.00. Pool Co. has a 1-year low of $307.77 and a 1-year high of $422.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.58 and a current ratio of 2.36.
Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.02. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $1.02 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. The business's quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.79 EPS. Sell-side analysts predict that Pool Co. will post 13.3 EPS for the current year.
Pool Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $1.10 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.18%. Pool's dividend payout ratio (DPR) is presently 33.03%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on POOL shares. Stifel Nicolaus reiterated a "hold" rating and issued a $370.00 price objective on shares of Pool in a report on Tuesday, March 5th. Wells Fargo & Company initiated coverage on Pool in a research note on Tuesday, December 19th. They set an "equal weight" rating and a $400.00 target price for the company. Loop Capital cut Pool from a "buy" rating to a "hold" rating and boosted their target price for the stock from $380.00 to $415.00 in a research note on Monday, January 8th. TheStreet cut Pool from a "b" rating to a "c+" rating in a research note on Thursday, February 22nd. Finally, Oppenheimer boosted their target price on Pool from $407.00 to $436.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Pool has a consensus rating of "Hold" and an average price target of $388.63.
Get Our Latest Report on POOL
Insider Activity at Pool
In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the company's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $401.00, for a total value of $441,100.00. Following the completion of the sale, the general counsel now directly owns 8,622 shares of the company's stock, valued at approximately $3,457,422. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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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