Victory Capital Management Inc. decreased its stake in Pool Co. (NASDAQ:POOL – Get Rating) by 62.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,106 shares of the specialty retailer’s stock after selling 69,397 shares during the quarter. Victory Capital Management Inc. owned approximately 0.10% of Pool worth $16,665,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp increased its position in Pool by 4.1% in the fourth quarter. State Street Corp now owns 1,713,981 shares of the specialty retailer’s stock worth $970,113,000 after buying an additional 68,052 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in Pool by 4.9% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,341,674 shares of the specialty retailer’s stock worth $759,391,000 after buying an additional 62,820 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Pool by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 805,479 shares of the specialty retailer’s stock worth $454,829,000 after purchasing an additional 14,220 shares in the last quarter. Invesco Ltd. grew its position in shares of Pool by 25.7% during the fourth quarter. Invesco Ltd. now owns 776,139 shares of the specialty retailer’s stock worth $439,296,000 after purchasing an additional 158,573 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Pool by 1.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 672,868 shares of the specialty retailer’s stock worth $380,845,000 after purchasing an additional 7,746 shares in the last quarter. Hedge funds and other institutional investors own 91.88% of the company’s stock.
In other news, CEO Peter D. Arvan bought 500 shares of Pool stock in a transaction dated Wednesday, May 18th. The shares were acquired at an average price of $387.08 per share, with a total value of $193,540.00. Following the completion of the purchase, the chief executive officer now owns 61,825 shares in the company, valued at approximately $23,931,221. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on POOL. TheStreet upgraded Pool from a “c+” rating to a “b” rating in a research report on Thursday, June 2nd. Edward Jones began coverage on Pool in a research report on Tuesday, April 12th. They set a “hold” rating for the company. Jefferies Financial Group cut their target price on Pool from $485.00 to $400.00 in a research report on Tuesday, June 14th. Longbow Research upgraded Pool from a “neutral” rating to a “buy” rating and set a $550.00 target price for the company in a research report on Tuesday, April 19th. Finally, Robert W. Baird lowered Pool from an “outperform” rating to a “neutral” rating and set a $398.00 price target for the company. in a research note on Thursday, July 14th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $448.56.
Pool Price Performance
Pool stock opened at $373.64 on Friday. The company has a market cap of $14.79 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.98 and a beta of 0.88. The firm’s fifty day moving average is $368.97 and its 200 day moving average is $413.27. The company has a quick ratio of 1.00, a current ratio of 2.77 and a debt-to-equity ratio of 1.28. Pool Co. has a 52-week low of $324.14 and a 52-week high of $582.27.
Pool (NASDAQ:POOL – Get Rating) last released its quarterly earnings results on Thursday, July 21st. The specialty retailer reported $7.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.40 by $0.19. The company had revenue of $2.06 billion for 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%. Pool’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.37 earnings per share. Sell-side analysts forecast that Pool Co. will post 18.37 EPS for the current fiscal year.
Pool Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Wednesday, August 10th. Pool’s dividend payout ratio is currently 20.80%.
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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