ProShare Advisors LLC Increases Position in Pool Co. (NASDAQ:POOL)

ProShare Advisors LLC lifted its position in shares of Pool Co. (NASDAQ:POOL) by 7.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,240 shares of the specialty retailer’s stock after buying an additional 341 shares during the quarter. ProShare Advisors LLC’s holdings in Pool were worth $1,610,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Pool by 1.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock valued at $646,291,000 after acquiring an additional 33,955 shares during the period. Summit Trail Advisors LLC raised its stake in Pool by 4.8% during the 2nd quarter. Summit Trail Advisors LLC now owns 678 shares of the specialty retailer’s stock valued at $208,000 after purchasing an additional 31 shares during the period. Pacer Advisors Inc. lifted its holdings in Pool by 13.3% in the 2nd quarter. Pacer Advisors Inc. now owns 3,560 shares of the specialty retailer’s stock worth $1,094,000 after purchasing an additional 419 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Pool by 13.3% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 8,494 shares of the specialty retailer’s stock worth $2,608,000 after purchasing an additional 1,000 shares during the period. Finally, King Luther Capital Management Corp grew its holdings in Pool by 3.4% during the 2nd quarter. King Luther Capital Management Corp now owns 17,778 shares of the specialty retailer’s stock valued at $5,464,000 after buying an additional 580 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

NASDAQ:POOL opened at $372.54 on Friday. The firm has a market capitalization of $14.28 billion, a PE ratio of 29.15, a PEG ratio of 2.70 and a beta of 1.00. The stock’s fifty day moving average is $354.01 and its 200 day moving average is $358.45. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.09. Pool had a net margin of 8.58% and a return on equity of 32.85%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the firm posted $5.89 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that Pool Co. will post 10.99 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $1.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.29%. Pool’s dividend payout ratio (DPR) is presently 37.56%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Robert W. Baird raised their price objective on Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Stifel Nicolaus boosted their target price on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Loop Capital cut their price target on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a report on Tuesday, June 25th. Finally, StockNews.com cut Pool from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Pool presently has a consensus rating of “Hold” and a consensus target price of $350.00.

Pool 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.