Curi Wealth Management LLC Buys 50 Shares of Pool Co. (NASDAQ:POOL)

Curi Wealth Management LLC boosted its stake in Pool Co. (NASDAQ:POOLGet Rating) by 142.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85 shares of the specialty retailer’s stock after acquiring an additional 50 shares during the quarter. Curi Wealth Management LLC’s holdings in Pool were worth $35,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in POOL. Total Clarity Wealth Management Inc. increased its stake in Pool by 150.0% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 50 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 30 shares during the last quarter. American National Bank increased its stake in Pool by 52.0% in the 1st quarter. American National Bank now owns 76 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 26 shares during the last quarter. Allworth Financial LP increased its stake in Pool by 241.7% in the 1st quarter. Allworth Financial LP now owns 82 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 58 shares during the last quarter. UMB Bank N A MO acquired a new stake in Pool in the 4th quarter valued at $54,000. Finally, Sugarloaf Wealth Management LLC increased its stake in Pool by 25.9% in the 1st quarter. Sugarloaf Wealth Management LLC now owns 141 shares of the specialty retailer’s stock valued at $60,000 after buying an additional 29 shares during the last quarter. 91.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Pool news, CEO Peter D. Arvan purchased 500 shares of the firm’s stock in a transaction on Wednesday, May 18th. The stock was purchased at an average cost of $387.08 per share, for a total transaction of $193,540.00. Following the transaction, the chief executive officer now owns 61,825 shares in the company, valued at approximately $23,931,221. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Pool Stock Performance

Shares of Pool stock opened at $373.64 on Friday. The company has a 50 day moving average of $368.97 and a 200-day moving average of $413.27. Pool Co. has a 1-year low of $324.14 and a 1-year high of $582.27. The company has a current ratio of 2.77, a quick ratio of 1.00 and a debt-to-equity ratio of 1.28. The company has a market cap of $14.79 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.02 and a beta of 0.88.

Pool (NASDAQ:POOLGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The specialty retailer reported $7.59 earnings per share for the quarter, topping analysts’ consensus estimates of $7.40 by $0.19. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.13 billion. Pool had a net margin of 13.17% and a return on equity of 68.34%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.37 EPS. As a group, equities research analysts forecast that Pool Co. will post 18.37 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Thursday, August 11th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Wednesday, August 10th. Pool’s dividend payout ratio is 20.80%.

Analyst Ratings Changes

Several research firms have recently weighed in on POOL. Edward Jones began coverage on shares of Pool in a research note on Tuesday, April 12th. They set a “hold” rating on the stock. KeyCorp lowered their price objective on shares of Pool from $570.00 to $465.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. Robert W. Baird lowered shares of Pool from an “outperform” rating to a “neutral” rating and set a $398.00 price objective on the stock. in a research note on Thursday, July 14th. Longbow Research upgraded shares of Pool from a “neutral” rating to a “buy” rating and set a $550.00 price objective on the stock in a research note on Tuesday, April 19th. Finally, The Goldman Sachs Group reduced their target price on shares of Pool from $560.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, June 23rd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Pool has an average rating of “Hold” and an average target price of $448.56.

Pool Profile

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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; fiberglass pools, and hot tubs and 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 related products consisting of irrigation system components, and professional lawn care equipment and supplies.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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