Bath Savings Trust Co decreased its holdings in Pool Co. (NASDAQ:POOL – Free Report) by 16.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,967 shares of the specialty retailer’s stock after selling 1,810 shares during the quarter. Bath Savings Trust Co’s holdings in Pool were worth $3,359,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of POOL. Thompson Siegel & Walmsley LLC purchased a new stake in Pool in the 4th quarter valued at $26,000. Clear Street Markets LLC increased its stake in Pool by 94.9% in the 1st quarter. Clear Street Markets LLC now owns 76 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 37 shares during the period. Allworth Financial LP increased its stake in Pool by 126.7% in the 1st quarter. Allworth Financial LP now owns 102 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 57 shares during the period. Ameritas Advisory Services LLC acquired a new position in Pool in the 1st quarter valued at $35,000. Finally, Desjardins Global Asset Management Inc. acquired a new position in Pool in the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have issued reports on POOL shares. StockNews.com started coverage on shares of Pool in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Stifel Nicolaus boosted their price objective on shares of Pool from $320.00 to $350.00 in a research note on Monday, July 17th. Finally, Oppenheimer boosted 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $386.70.
Pool Price Performance
NASDAQ POOL traded down $0.88 during trading hours on Monday, reaching $349.22. The company’s stock had a trading volume of 190,905 shares, compared to its average volume of 414,363. The stock has a market cap of $13.64 billion, a PE ratio of 23.20, a PEG ratio of 4.54 and a beta of 0.98. Pool Co. has a fifty-two week low of $278.10 and a fifty-two week high of $423.97. The company’s 50-day moving average is $367.07 and its two-hundred day moving average is $351.87. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.91 and a current ratio of 2.72.
Pool (NASDAQ:POOL – Get Free Report) last issued its quarterly earnings data 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 business 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%. Pool’s revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $7.59 earnings per share. Analysts forecast that Pool Co. will post 13.32 EPS for the current year.
Pool Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $4.40 dividend on an annualized basis and a yield of 1.26%. Pool’s dividend payout ratio (DPR) is 29.16%.
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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