IFM Investors Pty Ltd Takes Position in Pool Co. (NASDAQ:POOL)

IFM Investors Pty Ltd acquired a new stake in shares of Pool Co. (NASDAQ:POOL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,010 shares of the specialty retailer's stock, valued at approximately $3,232,000.

Several other institutional investors also recently bought and sold shares of POOL. CWM LLC raised its holdings in Pool by 18.6% during the third quarter. CWM LLC now owns 645 shares of the specialty retailer's stock valued at $230,000 after buying an additional 101 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in Pool during the third quarter valued at about $43,000. Exchange Traded Concepts LLC bought a new position in Pool during the third quarter valued at about $80,000. Koshinski Asset Management Inc. raised its holdings 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 in the last quarter. Finally, Oak Thistle LLC bought a new position in Pool during the third quarter valued at about $432,000. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Performance

POOL traded up $1.17 on Friday, hitting $371.17. 437,342 shares of the stock traded hands, compared to its average volume of 372,053. Pool Co. has a 52 week low of $307.77 and a 52 week high of $422.73. The company has a current ratio of 1.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $14.29 billion, a PE ratio of 29.04, a P/E/G ratio of 3.53 and a beta of 1.00. The business has a fifty day moving average price of $392.78 and a two-hundred day moving average price of $373.76.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a net margin of 9.17% and a return on equity of 35.49%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the firm earned $2.46 earnings per share. The company's revenue was down 7.1% on a year-over-year basis. On average, research analysts predict that Pool Co. will post 13.27 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a yield of 1.19%. Pool's dividend payout ratio is 34.43%.

Analysts Set New Price Targets

POOL has been the topic of a number of recent analyst reports. Oppenheimer lifted their price objective on Pool from $407.00 to $436.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. Stifel Nicolaus reiterated a "hold" rating and issued a $370.00 price objective on shares of Pool in a research note on Tuesday, March 5th. Loop Capital lowered Pool from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $380.00 to $415.00 in a research note on Monday, January 8th. Finally, TheStreet lowered Pool from a "b" rating to a "c+" rating in a research note on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $397.80.

Insider Activity at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the sale, the general counsel now directly owns 8,622 shares of the company's stock, valued at $3,457,422. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company's stock.

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.