OneAscent Wealth Management LLC Acquires 98 Shares of Pool Co. (NASDAQ:POOL)

OneAscent Wealth Management LLC raised its holdings in shares of Pool Co. (NASDAQ:POOL) by 12.6% during the first quarter, Holdings Channel reports. The fund owned 878 shares of the specialty retailer’s stock after buying an additional 98 shares during the period. OneAscent Wealth Management LLC’s holdings in Pool were worth $354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new position in Pool during the fourth quarter valued at approximately $28,000. Stuart Chaussee & Associates Inc. boosted its stake in shares of Pool by 250.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 55 shares during the period. CVA Family Office LLC purchased a new stake in shares of Pool during the fourth quarter valued at approximately $34,000. Lindbrook Capital LLC boosted its stake in shares of Pool by 73.7% during the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 42 shares during the period. Finally, VisionPoint Advisory Group LLC boosted its stake in shares of Pool by 11,800.0% during the fourth quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 118 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on POOL shares. Robert W. Baird dropped their price target on Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a research note on Tuesday. Loop Capital lowered their price objective on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday. Stephens lowered their price objective on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday. Oppenheimer lowered their price objective on Pool from $416.00 to $356.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Bank of America lowered their price objective on Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $328.00.

Pool Stock Down 0.1 %

Shares of NASDAQ:POOL traded down $0.24 on Friday, hitting $307.33. 795,705 shares of the company traded hands, compared to its average volume of 435,288. Pool Co. has a 52 week low of $299.24 and a 52 week high of $422.73. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. The stock has a 50 day simple moving average of $355.38 and a 200-day simple moving average of $377.78. The company has a market cap of $11.78 billion, a PE ratio of 24.05, a PEG ratio of 2.27 and a beta of 1.02.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a net margin of 9.17% and a return on equity of 35.49%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the business earned $2.46 earnings per share. Pool’s revenue was down 7.1% compared to the same quarter last year. As a group, research analysts expect that Pool Co. will post 10.94 earnings per share for the current year.

Pool Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.56%. This is an increase from Pool’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, May 15th. Pool’s dividend payout ratio (DPR) is presently 37.56%.

About Pool

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.