IFP Advisors Inc Sells 49 Shares of Pool Co. (NASDAQ:POOL)

Posted by Defense World Staff on May 15th, 2023

IFP Advisors Inc lowered its stake in shares of Pool Co. (NASDAQ:POOL – Get Rating) by 3.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,327 shares of the specialty retailer’s stock after selling 49 shares during the period. IFP Advisors Inc’s holdings in Pool were worth $100,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Concord Wealth Partners bought a new position in Pool during the 4th quarter valued at about $35,000. Spire Wealth Management increased its holdings in Pool by 191.5% in the 4th quarter. Spire Wealth Management now owns 137 shares of the specialty retailer’s stock worth $41,000 after acquiring an additional 90 shares in the last quarter. Pinnacle Financial Partners Inc. purchased a new stake in Pool in the 3rd quarter worth approximately $43,000. Exchange Traded Concepts LLC purchased a new stake in Pool in the 4th quarter worth approximately $50,000. Finally, Eagle Bay Advisors LLC increased its holdings in Pool by 226.8% in the 4th quarter. Eagle Bay Advisors LLC now owns 183 shares of the specialty retailer’s stock worth $55,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 98.15% of the company’s stock.

Insider Buying and Selling at Pool

In other news, General Counsel Jennifer M. Neil sold 2,333 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $352.00, for a total transaction of $821,216.00. Following the sale, the general counsel now owns 8,095 shares in the company, valued at $2,849,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on POOL. Oppenheimer reduced their target price on shares of Pool from $408.00 to $375.00 in a report on Monday, April 24th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, May 6th. Jefferies Financial Group increased their price objective on shares of Pool from $325.00 to $350.00 and gave the company a “hold” rating in a report on Monday, February 13th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Pool from $460.00 to $445.00 and set a “buy” rating for the company in a report on Friday, April 21st. Finally, Loop Capital cut their target price on shares of Pool from $415.00 to $410.00 and set a “buy” rating for the company in a report on Friday, April 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, the company presently has a consensus rating of “Hold” and a consensus target price of $383.20.

Pool Stock Down 2.7 %

Shares of POOL opened at $338.65 on Monday. The company has a market cap of $13.21 billion, a PE ratio of 20.15, a P/E/G ratio of 4.00 and a beta of 0.93. The business has a fifty day moving average of $341.23 and a 200 day moving average of $339.50. Pool Co. has a 52-week low of $278.10 and a 52-week high of $423.97. The company has a quick ratio of 0.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.06.

Pool (NASDAQ:POOL – Get Rating) last released its earnings results on Thursday, February 16th. The specialty retailer reported $1.79 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.21). Pool had a return on equity of 53.96% and a net margin of 11.23%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted $2.30 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, sell-side analysts expect that Pool Co. will post 15.09 EPS for the current year.

Pool Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Tuesday, May 16th. This is a positive change from Pool’s previous quarterly dividend of $1.00. Pool’s payout ratio is 26.17%.

Pool Profile

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Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment, and related leisure products. It also offers non-discretionary pool maintenance products such as chemicals and replacement parts, discretionary products like packaged pool kits, whole goods, irrigation, and landscape products, including a complete line of commercial and residential irrigation products and parts, power equipment for the professional landscape market, specialty products such as outdoor lighting, grills, and outdoor kitchen components, and golf irrigation and water management products.