Telemus Capital LLC Boosts Stock Position in Pool Co. (NASDAQ:POOL)

Telemus Capital LLC grew its stake in Pool Co. (NASDAQ:POOL) by 24.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,281 shares of the specialty retailer’s stock after buying an additional 1,993 shares during the quarter. Telemus Capital LLC’s holdings in Pool were worth $3,852,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of POOL. Vanguard Group Inc. lifted its stake in Pool by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,424,510 shares of the specialty retailer’s stock worth $1,870,904,000 after purchasing an additional 12,654 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Pool by 11.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,618,956 shares of the specialty retailer’s stock worth $554,395,000 after purchasing an additional 162,319 shares during the last quarter. Select Equity Group L.P. raised its position in shares of Pool by 10.3% during the 4th quarter. Select Equity Group L.P. now owns 1,502,159 shares of the specialty retailer’s stock worth $454,148,000 after purchasing an additional 139,946 shares during the last quarter. Morgan Stanley grew its stake in Pool by 62.4% in the 4th quarter. Morgan Stanley now owns 1,204,052 shares of the specialty retailer’s stock worth $364,021,000 after acquiring an additional 462,507 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Pool by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 875,727 shares of the specialty retailer’s stock valued at $264,324,000 after buying an additional 21,320 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Trading Down 1.0 %

NASDAQ:POOL traded down $3.64 during trading hours on Friday, hitting $350.10. The stock had a trading volume of 426,957 shares, compared to its average volume of 262,412. The company has a market cap of $13.67 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 4.54 and a beta of 0.98. Pool Co. has a one year low of $278.10 and a one year high of $423.97. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.91 and a current ratio of 2.72. The business’s 50 day moving average is $367.07 and its 200-day moving average is $351.88.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $5.89 EPS for the quarter, missing analysts’ consensus estimates of $6.01 by ($0.12). The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.89 billion. Pool had a net margin of 10.32% and a return on equity of 45.78%. The business’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.59 EPS. Sell-side analysts anticipate that Pool Co. will post 13.32 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Wednesday, August 9th. Pool’s dividend payout ratio is 29.16%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com initiated coverage on shares of Pool in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Stifel Nicolaus raised their price target on shares of Pool from $320.00 to $350.00 in a research note on Monday, July 17th. Finally, Oppenheimer raised their price objective on shares of Pool from $375.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Pool has an average rating of “Hold” and a consensus target price of $386.70.

About Pool

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.