William Blair Investment Management LLC increased its stake in shares of Pool Co. (NASDAQ:POOL – Free Report) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 546,921 shares of the specialty retailer’s stock after acquiring an additional 10,310 shares during the quarter. William Blair Investment Management LLC owned about 1.40% of Pool worth $204,898,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Pool by 2.5% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,100 shares of the specialty retailer’s stock worth $412,000 after acquiring an additional 27 shares in the last quarter. TrinityPoint Wealth LLC increased its stake in Pool by 1.9% in the second quarter. TrinityPoint Wealth LLC now owns 1,519 shares of the specialty retailer’s stock valued at $569,000 after purchasing an additional 28 shares during the period. Independent Advisor Alliance increased its stake in Pool by 3.1% in the second quarter. Independent Advisor Alliance now owns 971 shares of the specialty retailer’s stock valued at $364,000 after purchasing an additional 29 shares during the period. Perennial Investment Advisors LLC increased its stake in Pool by 2.5% in the first quarter. Perennial Investment Advisors LLC now owns 1,250 shares of the specialty retailer’s stock valued at $428,000 after purchasing an additional 30 shares during the period. Finally, Cresset Asset Management LLC increased its stake in Pool by 7.2% in the first quarter. Cresset Asset Management LLC now owns 479 shares of the specialty retailer’s stock valued at $203,000 after purchasing an additional 32 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have commented on POOL shares. StockNews.com started coverage on shares of Pool in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Oppenheimer dropped their price target on shares of Pool from $375.00 to $370.00 and set an “outperform” rating on the stock in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $385.70.
Pool Price Performance
POOL stock traded down $0.67 during trading on Monday, reaching $349.55. 93,985 shares of the company were exchanged, compared to its average volume of 409,668. The company has a market cap of $13.52 billion, a P/E ratio of 25.18, a PEG ratio of 4.51 and a beta of 0.96. Pool Co. has a 52-week low of $295.95 and a 52-week high of $423.97. The stock’s 50 day moving average price is $338.44 and its 200 day moving average price is $350.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.81 and a current ratio of 2.58.
Pool (NASDAQ:POOL – Get Free Report) last released its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $3.50 EPS for the quarter, hitting analysts’ consensus estimates of $3.50. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Pool had a net margin of 9.65% and a return on equity of 39.98%. The firm’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.76 earnings per share. As a group, analysts predict that Pool Co. will post 13.16 earnings per share for the current fiscal year.
Pool Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Tuesday, November 7th. Pool’s dividend payout ratio (DPR) is presently 31.84%.
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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