Pitcairn Co. Takes Position in Pool Co. (NASDAQ:POOL)

Pitcairn Co. purchased a new position in shares of Pool Co. (NASDAQ:POOL) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 940 shares of the specialty retailer’s stock, valued at approximately $379,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of POOL. Turtle Creek Wealth Advisors LLC bought a new position in shares of Pool during the 4th quarter worth approximately $28,000. Stuart Chaussee & Associates Inc. boosted its position in Pool by 250.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 55 shares during the period. CVA Family Office LLC acquired a new position in shares of Pool in the fourth quarter valued at $34,000. Lindbrook Capital LLC raised its position in shares of Pool by 73.7% in the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 42 shares during the period. Finally, VisionPoint Advisory Group LLC lifted its stake in shares of Pool by 11,800.0% during the 4th quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock worth $47,000 after buying an additional 118 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Price Performance

POOL stock traded up $32.75 during mid-day trading on Thursday, hitting $359.94. The stock had a trading volume of 1,077,721 shares, compared to its average volume of 370,720. The firm has a fifty day simple moving average of $336.31 and a 200 day simple moving average of $368.75. The firm has a market capitalization of $13.80 billion, a P/E ratio of 27.49, a P/E/G ratio of 2.49 and a beta of 1.00. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same period last year, the business earned $2.46 earnings per share. As a group, research analysts forecast that Pool Co. will post 10.95 EPS for the current year.

Pool Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a dividend of $1.20 per share. This is an increase from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Wednesday, May 15th. Pool’s dividend payout ratio is currently 37.56%.

Analyst Ratings Changes

POOL has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on shares of Pool from $360.00 to $290.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. Robert W. Baird dropped their price target on Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a report on Tuesday, June 25th. Loop Capital decreased their price objective on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. Stephens dropped their target price on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday, June 25th. Finally, Stifel Nicolaus decreased their price target on shares of Pool from $360.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. One equities 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $321.75.

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.