Raymond James & Associates Buys 13,338 Shares of Pool Co. (NASDAQ:POOL)

Raymond James & Associates increased its stake in shares of Pool Co. (NASDAQ:POOL - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 297,500 shares of the specialty retailer's stock after acquiring an additional 13,338 shares during the quarter. Raymond James & Associates owned approximately 0.77% of Pool worth $120,041,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Pool by 3.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,845,204 shares of the specialty retailer's stock worth $657,077,000 after acquiring an additional 63,413 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Pool by 56.7% in the third quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer's stock valued at $308,156,000 after buying an additional 313,190 shares in the last quarter. Blair William & Co. IL lifted its stake in shares of Pool by 1.6% in the third quarter. Blair William & Co. IL now owns 777,707 shares of the specialty retailer's stock valued at $276,941,000 after buying an additional 12,389 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Pool by 22.0% in the third quarter. Invesco Ltd. now owns 634,329 shares of the specialty retailer's stock valued at $225,885,000 after buying an additional 114,298 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its stake in shares of Pool by 10.9% in the third quarter. William Blair Investment Management LLC now owns 606,678 shares of the specialty retailer's stock valued at $216,038,000 after buying an additional 59,757 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on POOL shares. Oppenheimer dropped their price objective on shares of Pool from $436.00 to $416.00 and set an "outperform" rating on the stock in a research note on Monday. Stifel Nicolaus dropped their price target on shares of Pool from $370.00 to $360.00 and set a "hold" rating on the stock in a research report on Monday. TheStreet lowered shares of Pool from a "b" rating to a "c+" rating in a research report on Thursday, February 22nd. Finally, Loop Capital lowered shares of Pool from a "buy" rating to a "hold" rating and raised 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $391.80.

Pool Stock Performance

Shares of POOL traded down $3.03 during trading hours on Wednesday, hitting $359.50. The company's stock had a trading volume of 397,485 shares, compared to its average volume of 335,084. The company has a market cap of $13.84 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 3.81 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. The business has a 50 day simple moving average of $391.39 and a two-hundred day simple moving average of $374.27. Pool Co. has a 52-week low of $307.77 and a 52-week high of $422.73.

Pool (NASDAQ:POOL - Get Free Report) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. Pool's revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.46 EPS. On average, equities analysts expect that Pool Co. will post 13.18 earnings per share for the current fiscal year.

Pool Announces Dividend

The company also recently disclosed 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 of this dividend was Wednesday, March 13th. This represents a $4.40 annualized dividend and a yield of 1.22%. Pool's dividend payout ratio is currently 34.43%.

Insider Activity at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the business's stock in a transaction that occurred 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 transaction, the general counsel now owns 8,622 shares of the company's stock, valued at approximately $3,457,422. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is 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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