Pool Co. (NASDAQ:POOL) Stake Raised by Atomi Financial Group Inc.

Atomi Financial Group Inc. lifted its holdings in Pool Co. (NASDAQ:POOL) by 20.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,445 shares of the specialty retailer’s stock after purchasing an additional 249 shares during the period. Atomi Financial Group Inc.’s holdings in Pool were worth $444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Swedbank AB acquired a new position in shares of Pool in the 1st quarter worth $96,528,000. International Assets Investment Management LLC lifted its position in shares of Pool by 30,047.2% during the 4th quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock worth $73,322,000 after purchasing an additional 183,288 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Pool by 585.6% during the 4th quarter. TD Asset Management Inc now owns 183,060 shares of the specialty retailer’s stock worth $72,988,000 after purchasing an additional 156,361 shares during the period. Caledonia Investments PLC acquired a new position in shares of Pool in the second quarter valued at $37,390,000. Finally, Norges Bank bought a new stake in Pool in the fourth quarter valued at about $44,697,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Trading Down 1.3 %

NASDAQ:POOL traded down $4.70 during trading hours on Tuesday, hitting $351.92. The stock had a trading volume of 184,928 shares, compared to its average volume of 367,204. The business’s 50 day moving average is $335.80 and its 200-day moving average is $364.30. The company has a market cap of $13.49 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 2.53 and a beta of 1.00. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm posted $5.89 earnings per share. Pool’s revenue was down 4.7% compared to the same quarter last year. Sell-side analysts anticipate that Pool Co. will post 10.98 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Thursday, August 15th. Pool’s dividend payout ratio (DPR) is presently 37.56%.

Wall Street Analyst Weigh In

Several brokerages recently commented on POOL. Stifel Nicolaus decreased their price target on Pool from $360.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. The Goldman Sachs Group increased their target price on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company boosted their target price on Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Loop Capital decreased their price objective on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. Finally, StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $347.22.

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.