Sigma Planning Corp Acquires 86 Shares of Pool Co. (NASDAQ:POOL)

Posted by on Aug 12th, 2023

Sigma Planning Corp raised its holdings in Pool Co. (NASDAQ:POOL – Free Report) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,757 shares of the specialty retailer’s stock after purchasing an additional 86 shares during the quarter. Sigma Planning Corp’s holdings in Pool were worth $602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of POOL. Vanguard Group Inc. lifted its position in shares of Pool by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,424,510 shares of the specialty retailer’s stock valued at $1,870,904,000 after buying an additional 12,654 shares during the last quarter. Select Equity Group L.P. lifted its position in shares of Pool by 10.3% during the 4th quarter. Select Equity Group L.P. now owns 1,502,159 shares of the specialty retailer’s stock valued at $454,148,000 after buying an additional 139,946 shares during the last quarter. Morgan Stanley lifted its position in shares of Pool by 62.4% during the 4th quarter. Morgan Stanley now owns 1,204,052 shares of the specialty retailer’s stock valued at $364,021,000 after buying an additional 462,507 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Pool by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 875,727 shares of the specialty retailer’s stock valued at $264,324,000 after buying an additional 21,320 shares during the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Pool by 24.7% during the 4th quarter. Blair William & Co. IL now owns 689,597 shares of the specialty retailer’s stock valued at $208,486,000 after buying an additional 136,460 shares during the last quarter. Institutional investors own 99.05% of the company’s stock.

Pool Price Performance

Shares of NASDAQ POOL opened at $375.00 on Friday. The firm has a market capitalization of $14.64 billion, a P/E ratio of 24.85, a P/E/G ratio of 4.93 and a beta of 0.98. The company has a quick ratio of 0.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.79. The stock’s 50-day simple moving average is $365.41 and its two-hundred day simple moving average is $355.49. Pool Co. has a twelve month low of $278.10 and a twelve month high of $423.97.

Pool (NASDAQ:POOL – Get Free Report) last announced 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 business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.89 billion. Pool had a return on equity of 45.78% and a net margin of 10.32%. Pool’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.59 earnings per share. As a group, equities analysts anticipate that Pool Co. will post 13.32 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $4.40 annualized dividend and a dividend yield of 1.17%. Pool’s dividend payout ratio (DPR) is presently 29.16%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on POOL. Stifel Nicolaus upped their price target on Pool from $320.00 to $350.00 in a research report on Monday, July 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on Pool from $460.00 to $445.00 and set a “buy” rating on the stock in a report on Friday, April 21st. Stephens raised Pool from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $415.00 to $420.00 in a report on Friday, April 21st. Loop Capital dropped their price objective on Pool from $415.00 to $410.00 and set a “buy” rating on the stock in a report on Friday, April 21st. Finally, Bank of America dropped their price objective on Pool from $320.00 to $315.00 and set an “underperform” rating on the stock in a report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $386.70.

Check Out Our Latest Stock Report on Pool

Pool Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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