Pool Corporation (NASDAQ:POOL) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in shares of Pool Corporation (NASDAQ:POOL) by 37.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,158 shares of the specialty retailer’s stock after acquiring an additional 586 shares during the quarter. Mackenzie Financial Corp’s holdings in Pool were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bryce Point Capital LLC lifted its holdings in shares of Pool by 79.1% during the 1st quarter. Bryce Point Capital LLC now owns 2,722 shares of the specialty retailer’s stock valued at $911,000 after acquiring an additional 1,202 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Pool by 44.4% during the 1st quarter. LPL Financial LLC now owns 60,073 shares of the specialty retailer’s stock valued at $19,124,000 after acquiring an additional 18,477 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Pool by 2.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,988 shares of the specialty retailer’s stock valued at $2,543,000 after acquiring an additional 165 shares in the last quarter. Empirical Finance LLC lifted its holdings in shares of Pool by 6.1% during the 1st quarter. Empirical Finance LLC now owns 1,169 shares of the specialty retailer’s stock valued at $372,000 after acquiring an additional 67 shares in the last quarter. Finally, HB Wealth Management LLC lifted its holdings in shares of Pool by 16.0% during the 1st quarter. HB Wealth Management LLC now owns 1,332 shares of the specialty retailer’s stock valued at $424,000 after acquiring an additional 184 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

Shares of Pool stock opened at $309.56 on Thursday. The firm has a market cap of $11.55 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 4.30 and a beta of 1.07. The firm’s 50-day simple moving average is $302.29 and its 200-day simple moving average is $316.52. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52. Pool Corporation has a 1 year low of $282.22 and a 1 year high of $395.60.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.12 by $0.05. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.99 EPS. Equities analysts forecast that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool announced that its Board of Directors has authorized a share repurchase plan on Wednesday, April 30th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the specialty retailer to buy up to 5.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, August 14th. Pool’s dividend payout ratio is currently 46.13%.

Analyst Ratings Changes

A number of brokerages have commented on POOL. Stifel Nicolaus set a $300.00 price objective on shares of Pool in a report on Friday, April 25th. Robert W. Baird boosted their price objective on shares of Pool from $310.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Oppenheimer boosted their price objective on shares of Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a report on Tuesday, July 29th. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Stephens cut their price objective on shares of Pool from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $342.14.

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.