891 Shares in Pool Co. (NASDAQ:POOL) Purchased by Private Advisor Group LLC

Private Advisor Group LLC purchased a new position in Pool Co. (NASDAQ:POOL) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 891 shares of the specialty retailer’s stock, valued at approximately $305,000.

A number of other institutional investors also recently bought and sold shares of the business. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in Pool by 164,100.0% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,642 shares of the specialty retailer’s stock valued at $562,000 after acquiring an additional 1,641 shares in the last quarter. Schechter Investment Advisors LLC increased its holdings in shares of Pool by 16.5% during the 4th quarter. Schechter Investment Advisors LLC now owns 869 shares of the specialty retailer’s stock valued at $263,000 after purchasing an additional 123 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Pool in the 4th quarter valued at $376,000. CI Investments Inc. boosted its holdings in Pool by 47.0% during the fourth quarter. CI Investments Inc. now owns 535 shares of the specialty retailer’s stock worth $162,000 after buying an additional 171 shares in the last quarter. Finally, Dupont Capital Management Corp grew its position in Pool by 19.6% during the first quarter. Dupont Capital Management Corp now owns 1,841 shares of the specialty retailer’s stock valued at $630,000 after buying an additional 302 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Price Performance

Shares of NASDAQ POOL opened at $358.15 on Wednesday. The firm has a 50-day simple moving average of $370.41 and a 200-day simple moving average of $352.42. The company has a quick ratio of 0.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $13.99 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 4.72 and a beta of 0.98. Pool Co. has a 52 week low of $278.10 and a 52 week high of $423.97.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, July 20th. The specialty retailer reported $5.89 earnings per share for the quarter, missing analysts’ consensus estimates of $6.01 by ($0.12). The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Pool had a return on equity of 45.78% and a net margin of 10.32%. The company’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period last year, the business earned $7.59 earnings per share. On average, equities analysts predict that Pool Co. will post 13.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $4.40 annualized dividend and a dividend yield of 1.23%. Pool’s dividend payout ratio is presently 29.16%.

Analyst Ratings Changes

A number of research analysts have weighed in on POOL shares. Stifel Nicolaus upped their price objective on shares of Pool from $320.00 to $350.00 in a research report on Monday, July 17th. StockNews.com assumed coverage on Pool in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Oppenheimer boosted their price objective on Pool from $375.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Pool presently has a consensus rating of “Hold” and a consensus target price of $386.70.

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.