AdvisorNet Financial Inc trimmed its stake in shares of Pool Co. (NASDAQ:POOL – Get Rating) by 39.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 166 shares of the specialty retailer’s stock after selling 110 shares during the quarter. AdvisorNet Financial Inc’s holdings in Pool were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in POOL. Advisor Group Holdings Inc. raised its stake in shares of Pool by 15.4% in the first quarter. Advisor Group Holdings Inc. now owns 13,096 shares of the specialty retailer’s stock valued at $5,502,000 after acquiring an additional 1,745 shares during the last quarter. FDx Advisors Inc. raised its stake in shares of Pool by 9.3% in the first quarter. FDx Advisors Inc. now owns 6,192 shares of the specialty retailer’s stock valued at $2,618,000 after acquiring an additional 527 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of Pool by 19.8% in the fourth quarter. Golden State Wealth Management LLC now owns 2,815 shares of the specialty retailer’s stock valued at $1,593,000 after acquiring an additional 465 shares during the last quarter. Noked Israel Ltd raised its stake in shares of Pool by 311.8% in the first quarter. Noked Israel Ltd now owns 49,410 shares of the specialty retailer’s stock valued at $20,893,000 after acquiring an additional 37,410 shares during the last quarter. Finally, Rafferty Asset Management LLC bought a new position in shares of Pool in the fourth quarter valued at approximately $237,000. 98.92% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on POOL. Loop Capital cut their target price on shares of Pool from $465.00 to $370.00 and set a “hold” rating for the company in a research note on Thursday, June 23rd. Robert W. Baird cut shares of Pool from an “outperform” rating to a “neutral” rating and set a $398.00 price objective for the company. in a research report on Thursday, July 14th. Stephens dropped their price objective on shares of Pool to $400.00 in a research report on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of Pool in a research report on Wednesday, August 17th. They issued a “hold” rating and a $431.00 price objective for the company. Finally, Jefferies Financial Group dropped their price objective on shares of Pool from $485.00 to $400.00 in a research report on Tuesday, June 14th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $446.80.
Pool Price Performance
Pool (NASDAQ:POOL – Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The specialty retailer reported $7.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.40 by $0.19. Pool had a net margin of 13.17% and a return on equity of 68.34%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the business earned $6.37 EPS. The firm’s revenue was up 15.0% on a year-over-year basis. As a group, analysts anticipate that Pool Co. will post 18.5 earnings per share for the current year.
Pool Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, August 10th. Pool’s dividend payout ratio (DPR) is 20.80%.
In other news, CFO Hart Melanie Housey sold 2,500 shares of the business’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $384.01, for a total value of $960,025.00. Following the completion of the transaction, the chief financial officer now owns 10,721 shares of the company’s stock, valued at approximately $4,116,971.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by company insiders.
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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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