Rhumbline Advisers lifted its position in Pool Co. (NASDAQ:POOL – Get Rating) by 3.9% in the 2nd quarter, Holdings Channel reports. The fund owned 79,198 shares of the specialty retailer’s stock after buying an additional 2,938 shares during the period. Rhumbline Advisers’ holdings in Pool were worth $27,817,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. TCI Wealth Advisors Inc. lifted its position in shares of Pool by 143.8% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 78 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 46 shares in the last quarter. Curi Wealth Management LLC lifted its position in shares of Pool by 142.9% in the 1st quarter. Curi Wealth Management LLC now owns 85 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 50 shares in the last quarter. Huntington National Bank lifted its position in shares of Pool by 203.4% in the 1st quarter. Huntington National Bank now owns 88 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 59 shares in the last quarter. Harding Loevner LP purchased a new stake in shares of Pool in the 1st quarter valued at approximately $41,000. Finally, Fieldpoint Private Securities LLC lifted its position in shares of Pool by 70.0% in the 2nd quarter. Fieldpoint Private Securities LLC now owns 136 shares of the specialty retailer’s stock valued at $48,000 after acquiring an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.
Analyst Ratings Changes
POOL has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their target price on shares of Pool from $410.00 to $360.00 and set a “buy” rating for the company in a research report on Friday, October 21st. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th. Robert W. Baird cut their target price on shares of Pool from $398.00 to $368.00 and set a “neutral” rating for the company in a research report on Friday, October 21st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Pool from $431.00 to $368.00 and set a “hold” rating for the company in a research report on Thursday, October 20th. Finally, Stephens cut their target price on shares of Pool from $400.00 to $340.00 in a research report on Wednesday, October 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Pool has a consensus rating of “Hold” and an average price target of $397.50.
Pool Stock Up 1.8 %
Pool (NASDAQ:POOL – Get Rating) last announced its earnings results on Thursday, October 20th. The specialty retailer reported $4.78 EPS for the quarter, topping the consensus estimate of $4.65 by $0.13. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.60 billion. Pool had a net margin of 12.81% and a return on equity of 65.81%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the firm posted $4.51 EPS. Sell-side analysts forecast that Pool Co. will post 18.71 earnings per share for the current fiscal year.
Pool Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Thursday, November 10th were issued a $1.00 dividend. The ex-dividend date was Wednesday, November 9th. This represents a $4.00 annualized dividend and a yield of 1.20%. Pool’s dividend payout ratio (DPR) is presently 20.54%.
Pool Company 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; 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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