Integrated Wealth Concepts LLC purchased a new stake in shares of Pool Co. (NASDAQ:POOL – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,494 shares of the specialty retailer’s stock, valued at approximately $854,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in POOL. Thompson Siegel & Walmsley LLC bought a new stake in shares of Pool in the 4th quarter valued at approximately $26,000. Allworth Financial LP lifted its stake in shares of Pool by 126.7% in the 1st quarter. Allworth Financial LP now owns 102 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 57 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Pool in the 1st quarter valued at approximately $35,000. Desjardins Global Asset Management Inc. bought a new stake in shares of Pool in the 1st quarter valued at approximately $39,000. Finally, Concord Wealth Partners bought a new stake in shares of Pool in the 4th quarter valued at approximately $35,000. 99.05% of the stock is owned by institutional investors.
Insider Transactions at Pool
In other news, General Counsel Jennifer M. Neil sold 2,333 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $352.00, for a total value of $821,216.00. Following the completion of the transaction, the general counsel now directly owns 8,095 shares of the company’s stock, valued at approximately $2,849,440. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.
Pool Trading Up 0.6 %
Pool (NASDAQ:POOL – Get Free Report) last issued its earnings results on Thursday, July 20th. The specialty retailer reported $5.89 earnings per share for the quarter, missing analysts’ consensus estimates of $6.01 by ($0.12). The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.89 billion. Pool had a net margin of 10.32% and a return on equity of 45.78%. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period last year, the firm earned $7.59 earnings per share. Analysts expect that Pool Co. will post 13.35 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 24th. Stockholders of record on Thursday, August 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, August 9th. Pool’s payout ratio is 29.16%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on POOL shares. Stephens raised Pool from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $415.00 to $420.00 in a research note on Friday, April 21st. Bank of America decreased their price target on Pool from $320.00 to $315.00 and set an “underperform” rating for the company in a research note on Wednesday, April 19th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Robert W. Baird decreased their price target on Pool from $404.00 to $385.00 and set a “neutral” rating for the company in a research note on Wednesday, April 19th. Finally, Oppenheimer raised their price target on Pool from $375.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $386.70.
Pool Profile
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; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.
Featured Stories
- Five stocks we like better than Pool
- Stock Market Sectors: What Are They and How Many Are There?
- JetBlue Airlines May Have Entered A Buy Zone, Check This First
- How to Use the MarketBeat Stock Split Calculator
- Investors Are Staying Bullish On Marriot International
- How to Invest in Communication Stocks
- Do Caterpillar’s Results Hint at a Looming Infrastructure Bubble?
Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.
