Raymond James & Associates Raises Holdings in Pool Co. (NASDAQ:POOL)

Raymond James & Associates boosted its stake in shares of Pool Co. (NASDAQ:POOL) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 304,898 shares of the specialty retailer’s stock after buying an additional 7,398 shares during the period. Raymond James & Associates owned 0.80% of Pool worth $93,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of POOL. Stuart Chaussee & Associates Inc. boosted its position in 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 in the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Pool by 73.7% in the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 42 shares in the last quarter. VisionPoint Advisory Group LLC boosted its holdings in shares of Pool by 11,800.0% in the 4th quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 118 shares in the last quarter. UMB Bank n.a. grew its position in shares of Pool by 221.6% in the 1st quarter. UMB Bank n.a. now owns 164 shares of the specialty retailer’s stock worth $66,000 after buying an additional 113 shares during the last quarter. Finally, American National Bank bought a new position in shares of Pool during the 4th quarter worth approximately $90,000. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on POOL. Oppenheimer raised their target price on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Bank of America reduced their target price on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Wells Fargo & Company increased their price target on Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Robert W. Baird boosted their price target on Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $347.22.

Pool Stock Performance

NASDAQ POOL traded down $1.81 during trading hours on Friday, reaching $345.28. The stock had a trading volume of 193,659 shares, compared to its average volume of 448,639. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The stock has a fifty day moving average of $334.86 and a 200 day moving average of $365.42. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. The stock has a market cap of $13.21 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 2.53 and a beta of 1.00.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, beating the consensus estimate of $4.90 by $0.09. Pool had a net margin of 8.58% and a return on equity of 32.85%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the firm earned $5.89 EPS. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. Sell-side analysts predict that Pool Co. will post 10.95 earnings per share for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be paid a $1.20 dividend. The ex-dividend date is Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.39%. Pool’s payout ratio is 37.56%.

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.