Gilder Gagnon Howe & Co. LLC cut its stake in shares of Pool Co. (NASDAQ:POOL) by 1.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 385,482 shares of the specialty retailer’s stock after selling 5,041 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in Pool were worth $63,593,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of POOL. Enlightenment Research LLC acquired a new stake in Pool in the 4th quarter valued at about $30,000. Executive Wealth Management LLC acquired a new stake in Pool in the 4th quarter valued at about $51,000. Riverview Trust Co acquired a new stake in Pool in the 4th quarter valued at about $57,000. Bessemer Group Inc. grew its stake in Pool by 81.2% in the 4th quarter. Bessemer Group Inc. now owns 520 shares of the specialty retailer’s stock valued at $77,000 after acquiring an additional 233 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new stake in Pool in the 1st quarter valued at about $77,000. 94.54% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the stock. BidaskClub cut shares of Pool from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 12th. Zacks Investment Research cut shares of Pool from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. Stephens set a $186.00 price objective on shares of Pool and gave the company a “hold” rating in a research note on Tuesday, April 23rd. ValuEngine raised shares of Pool from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. Finally, Robert W. Baird raised shares of Pool from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $160.00 to $177.00 in a research note on Friday, February 22nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $171.20.
In other Pool news, Vice Chairman De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.01, for a total value of $1,860,100.00. Following the transaction, the insider now directly owns 69,702 shares in the company, valued at approximately $12,965,269.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Hart Melanie Housey sold 1,600 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $185.20, for a total transaction of $296,320.00. Following the completion of the transaction, the vice president now owns 11,884 shares in the company, valued at $2,200,916.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 213,612 shares of company stock worth $37,530,142. 6.00% of the stock is owned by insiders.
NASDAQ:POOL opened at $189.64 on Monday. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 1.33 and a beta of 0.93. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.60 and a current ratio of 1.96. Pool Co. has a 12-month low of $136.83 and a 12-month high of $193.03.
Pool (NASDAQ:POOL) last released its earnings results on Thursday, April 18th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.05). The firm had revenue of $597.50 million during the quarter, compared to analysts’ expectations of $608.36 million. Pool had a net margin of 7.83% and a return on equity of 79.99%. Pool’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. Analysts forecast that Pool Co. will post 6.07 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.16%. This is a positive change from Pool’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, May 16th. Pool’s dividend payout ratio is 39.15%.
Pool declared that its Board of Directors has authorized a stock buyback program on Thursday, May 2nd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.
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Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.
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