National Bank of Canada FI reduced its stake in shares of Pool Co. (NASDAQ:POOL – Get Rating) by 91.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,009 shares of the specialty retailer’s stock after selling 22,349 shares during the period. National Bank of Canada FI’s holdings in Pool were worth $866,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank bought a new stake in Pool in the fourth quarter worth $200,159,000. Artemis Investment Management LLP boosted its holdings in Pool by 71.9% in the first quarter. Artemis Investment Management LLP now owns 515,982 shares of the specialty retailer’s stock worth $217,825,000 after purchasing an additional 215,758 shares in the last quarter. Findlay Park Partners LLP boosted its holdings in Pool by 83.8% in the fourth quarter. Findlay Park Partners LLP now owns 454,058 shares of the specialty retailer’s stock worth $256,997,000 after purchasing an additional 207,072 shares in the last quarter. invesco ltd boosted its holdings in Pool by 25.7% during the fourth quarter. invesco ltd now owns 776,139 shares of the specialty retailer’s stock valued at $439,296,000 after acquiring an additional 158,573 shares during the period. Finally, Pictet Asset Management SA boosted its holdings in Pool by 13.5% during the fourth quarter. Pictet Asset Management SA now owns 621,669 shares of the specialty retailer’s stock valued at $351,865,000 after acquiring an additional 74,013 shares during the period. 91.88% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Activity
In related news, CEO Peter D. Arvan purchased 500 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The shares were acquired at an average cost of $387.08 per share, with a total value of $193,540.00. Following the completion of the purchase, the chief executive officer now directly owns 61,825 shares of the company’s stock, valued at $23,931,221. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by insiders.
Pool price performance
Shares of Pool stock opened at $381.67 on Tuesday. 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 stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of 19.85, a P/E/G ratio of 2.03 and a beta of 0.88. Pool Co. has a 1-year low of $324.14 and a 1-year high of $582.27. The firm’s 50-day moving average price is $368.48 and its two-hundred day moving average price is $411.65.
Pool (NASDAQ:POOL – Get Rating) last issued its quarterly earnings data on Thursday, July 21st. The specialty retailer reported $7.59 earnings per share for the quarter, topping the consensus estimate of $7.40 by $0.19. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Pool had a net margin of 13.17% and a return on equity of 68.34%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.37 earnings per share. On average, equities analysts predict that Pool Co. will post 18.37 earnings per share for the current fiscal year.
Pool Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $4.00 annualized dividend and a dividend yield of 1.05%. Pool’s dividend payout ratio (DPR) is currently 20.80%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on POOL shares. The Goldman Sachs Group decreased their price target 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. Robert W. Baird lowered shares of pool from an “outperform” rating to a “neutral” rating and set a $398.00 price objective for the company. in a research report on Thursday, July 14th. Edward Jones began coverage on shares of Pool in a research report on Tuesday, April 12th. They set a “hold” rating for the company. Longbow Research raised shares of Pool from a “neutral” rating to a “buy” rating and set a $550.00 price objective for the company in a research report on Tuesday, April 19th. Finally, TheStreet raised shares of Pool from a “c+” rating to a “b” rating in a research report on Thursday, June 2nd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Pool has a consensus rating of “Hold” and a consensus target price of $448.56.
About Pool
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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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