Envestnet Asset Management Inc. lifted its stake in shares of Pool (NASDAQ:POOL) by 70.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,191 shares of the specialty retailer’s stock after purchasing an additional 7,080 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Pool were worth $2,229,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FDx Advisors Inc. raised its stake in shares of Pool by 4.0% during the fourth quarter. FDx Advisors Inc. now owns 10,517 shares of the specialty retailer’s stock valued at $1,364,000 after purchasing an additional 409 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Pool by 42.9% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,446 shares of the specialty retailer’s stock valued at $188,000 after purchasing an additional 434 shares in the last quarter. Tygh Capital Management Inc. raised its stake in shares of Pool by 1.3% during the fourth quarter. Tygh Capital Management Inc. now owns 36,804 shares of the specialty retailer’s stock valued at $4,772,000 after purchasing an additional 460 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Pool by 5.4% during the fourth quarter. SG Americas Securities LLC now owns 10,855 shares of the specialty retailer’s stock valued at $1,407,000 after purchasing an additional 560 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in shares of Pool by 27.3% during the fourth quarter. MML Investors Services LLC now owns 2,715 shares of the specialty retailer’s stock valued at $352,000 after purchasing an additional 582 shares in the last quarter. Institutional investors and hedge funds own 95.70% of the company’s stock.
Shares of Pool stock opened at $146.12 on Friday. The company has a current ratio of 2.43, a quick ratio of 0.76 and a debt-to-equity ratio of 2.28. Pool has a 52 week low of $97.25 and a 52 week high of $150.26. The stock has a market capitalization of $5,988.10, a price-to-earnings ratio of 36.62 and a beta of 0.81.
Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, February 15th. The specialty retailer reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. Pool had a net margin of 6.87% and a return on equity of 70.46%. The firm had revenue of $510.18 million for the quarter. During the same quarter last year, the firm posted $0.06 earnings per share. Pool’s revenue was up 14.6% compared to the same quarter last year. analysts predict that Pool will post 5.48 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, March 16th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, March 15th. Pool’s dividend payout ratio (DPR) is presently 37.09%.
In other Pool news, CEO De La Mesa Manuel J. Perez sold 28,700 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $143.18, for a total value of $4,109,266.00. Following the sale, the chief executive officer now directly owns 61,758 shares in the company, valued at $8,842,510.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Arthur D. Cook sold 48,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $148.00, for a total transaction of $7,104,000.00. Following the completion of the sale, the vice president now owns 103,633 shares in the company, valued at $15,337,684. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,000 shares of company stock worth $18,685,004. 7.00% of the stock is owned by company insiders.
A number of equities research analysts recently weighed in on POOL shares. ValuEngine upgraded shares of Pool from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Pool from a “hold” rating to a “buy” rating and set a $161.00 price objective on the stock in a research note on Thursday, February 22nd. Robert W. Baird restated a “buy” rating and set a $158.00 price objective on shares of Pool in a research note on Friday, February 16th. BidaskClub cut shares of Pool from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 10th. Finally, Stephens set a $160.00 price target on shares of Pool and gave the stock a “hold” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $152.50.
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Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.
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