K.J. Harrison & Partners Inc Makes New $2.81 Million Investment in Pool Co. (NASDAQ:POOL)

K.J. Harrison & Partners Inc bought a new position in shares of Pool Co. (NASDAQ:POOL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,050 shares of the specialty retailer's stock, valued at approximately $2,811,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CWM LLC lifted its holdings in Pool by 18.6% during the third quarter. CWM LLC now owns 645 shares of the specialty retailer's stock worth $230,000 after acquiring an additional 101 shares during the period. Impact Partnership Wealth LLC bought a new stake in shares of Pool during the 3rd quarter worth $43,000. Exchange Traded Concepts LLC purchased a new position in shares of Pool in the 3rd quarter worth about $80,000. Koshinski Asset Management Inc. grew its position in Pool by 9.1% during the third quarter. Koshinski Asset Management Inc. now owns 633 shares of the specialty retailer's stock valued at $225,000 after buying an additional 53 shares during the period. Finally, Oak Thistle LLC purchased a new stake in Pool during the third quarter worth about $432,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on POOL shares. TheStreet cut shares of Pool from a "b" rating to a "c+" rating in a research note on Thursday, February 22nd. Stifel Nicolaus reissued a "hold" rating and set a $370.00 price objective on shares of Pool in a report on Tuesday, March 5th. Oppenheimer boosted their target price on Pool from $407.00 to $436.00 and gave the company an "outperform" rating in a research note on Thursday, March 28th. Finally, Loop Capital cut Pool from a "buy" rating to a "hold" rating and upped their price target for the company from $380.00 to $415.00 in a research report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Pool presently has an average rating of "Hold" and a consensus price target of $397.80.

Pool Stock Performance

POOL stock traded up $1.17 during midday trading on Friday, reaching $371.17. 437,342 shares of the company's stock traded hands, compared to its average volume of 332,308. The firm has a market capitalization of $14.29 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 3.60 and a beta of 1.00. The company has a 50-day moving average price of $393.10 and a two-hundred day moving average price of $373.55. Pool Co. has a 52 week low of $307.77 and a 52 week 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 issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.87 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.13 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. The business's revenue for the quarter was down 7.1% on a year-over-year basis. During the same period last year, the company posted $2.46 EPS. As a group, equities analysts anticipate that Pool Co. will post 13.27 EPS for the current year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.19%. Pool's dividend payout ratio (DPR) is presently 33.03%.

Insider Buying and Selling

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the company's stock in a transaction on Friday, March 1st. The shares were 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 owns 8,622 shares of the company's stock, valued at approximately $3,457,422. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Pool Company 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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