HB Wealth Management LLC Boosts Holdings in Pool Co. (NASDAQ:POOL)

HB Wealth Management LLC lifted its stake in Pool Co. (NASDAQ:POOL) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,270 shares of the specialty retailer’s stock after purchasing an additional 117 shares during the period. HB Wealth Management LLC’s holdings in Pool were worth $506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clear Street Markets LLC boosted its stake in Pool by 94.9% during the first quarter. Clear Street Markets LLC now owns 76 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 37 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in Pool during the third quarter worth about $33,000. West Tower Group LLC bought a new stake in Pool during the second quarter worth about $34,000. Huntington National Bank boosted its stake in Pool by 96.7% during the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 58 shares in the last quarter. Finally, Impact Partnership Wealth LLC bought a new stake in Pool during the third quarter worth about $43,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’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 transaction of $441,100.00. Following the completion of the sale, the general counsel now directly owns 8,622 shares of the company’s stock, valued at $3,457,422. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Pool in a research note on Tuesday, December 19th. They set an “equal weight” rating and a $400.00 price objective on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $370.00 target price on shares of Pool in a research note on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft downgraded shares of Pool from a “buy” rating to a “hold” rating and dropped their target price for the stock from $371.00 to $368.00 in a research note on Friday, December 8th. Loop Capital downgraded shares of Pool from a “buy” rating to a “hold” rating and upped their target price for the stock from $380.00 to $415.00 in a research note on Monday, January 8th. Finally, TheStreet downgraded shares of Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Pool presently has a consensus rating of “Hold” and a consensus target price of $385.00.

Pool Stock Up 3.0 %

POOL opened at $414.62 on Thursday. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average price of $392.73 and a 200-day moving average price of $368.29. Pool Co. has a twelve month low of $307.77 and a twelve month high of $422.73. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 3.80 and a beta of 1.01.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.02. Pool had a net margin of 9.44% and a return on equity of 37.94%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned $1.79 earnings per share. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. Equities research analysts forecast that Pool Co. will post 13.27 earnings per share for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be issued a dividend of $1.10 per share. The ex-dividend date is Wednesday, March 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.06%. Pool’s payout ratio is 33.03%.

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.