WoodTrust Financial Corp Raises Stake in Pool Co. (NASDAQ:POOL)

WoodTrust Financial Corp increased its stake in shares of Pool Co. (NASDAQ:POOL) by 17.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,977 shares of the specialty retailer’s stock after purchasing an additional 432 shares during the period. WoodTrust Financial Corp’s holdings in Pool were worth $1,201,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Wedmont Private Capital increased its stake in Pool by 5.4% in the 1st quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer’s stock worth $236,000 after acquiring an additional 30 shares during the last quarter. Czech National Bank increased its stake in Pool by 0.4% in the 1st quarter. Czech National Bank now owns 6,805 shares of the specialty retailer’s stock worth $2,746,000 after acquiring an additional 30 shares during the last quarter. Great Lakes Advisors LLC increased its stake in Pool by 1.2% in the 4th quarter. Great Lakes Advisors LLC now owns 2,724 shares of the specialty retailer’s stock worth $1,086,000 after acquiring an additional 31 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Pool by 39.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 36 shares during the last quarter. Finally, Capital Asset Advisory Services LLC increased its stake in Pool by 6.9% in the 1st quarter. Capital Asset Advisory Services LLC now owns 577 shares of the specialty retailer’s stock worth $229,000 after acquiring an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Down 0.1 %

Pool stock traded down $0.24 during mid-day trading on Friday, reaching $307.33. 795,705 shares of the company were exchanged, compared to its average volume of 435,288. The business has a fifty day moving average of $355.38 and a 200 day moving average of $377.78. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88. The firm has a market cap of $11.78 billion, a P/E ratio of 24.05, a PEG ratio of 2.27 and a beta of 1.02. Pool Co. has a 12-month low of $299.24 and a 12-month high of $422.73.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a net margin of 9.17% and a return on equity of 35.49%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company posted $2.46 EPS. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. Research analysts anticipate that Pool Co. will post 10.94 earnings per share for the current fiscal year.

Pool Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This is a boost from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.56%. Pool’s dividend payout ratio (DPR) is 37.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on POOL shares. Stifel Nicolaus decreased their target price on Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. Loop Capital reduced their price objective on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research report on Tuesday. Stephens reduced their price objective on Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday. Bank of America reduced their price objective on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday. Finally, Robert W. Baird reduced their price target on Pool from $380.00 to $305.00 and set a “neutral” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $328.00.

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.