Stephens Inc. AR lowered its stake in shares of Pool Co. (NASDAQ:POOL – Get Rating) by 24.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 539 shares of the specialty retailer’s stock after selling 178 shares during the quarter. Stephens Inc. AR’s holdings in Pool were worth $228,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Pool by 4.1% during the 4th quarter. State Street Corp now owns 1,713,981 shares of the specialty retailer’s stock worth $970,113,000 after acquiring an additional 68,052 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in Pool by 4.9% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,341,674 shares of the specialty retailer’s stock valued at $759,391,000 after purchasing an additional 62,820 shares during the period. Geode Capital Management LLC lifted its position in Pool by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 805,479 shares of the specialty retailer’s stock valued at $454,829,000 after purchasing an additional 14,220 shares during the period. Invesco Ltd. lifted its position in Pool by 25.7% during the 4th quarter. Invesco Ltd. now owns 776,139 shares of the specialty retailer’s stock valued at $439,296,000 after purchasing an additional 158,573 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Pool by 1.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 672,868 shares of the specialty retailer’s stock valued at $380,845,000 after purchasing an additional 7,746 shares during the period. Institutional investors own 91.88% of the company’s stock.
Insider Buying and Selling at Pool
In other Pool news, CEO Peter D. Arvan purchased 500 shares of the business’s stock in a transaction on Wednesday, May 18th. The stock was acquired at an average price of $387.08 per share, with a total value of $193,540.00. Following the acquisition, the chief executive officer now directly owns 61,825 shares of the company’s stock, valued at approximately $23,931,221. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.
Pool Stock Performance
Pool (NASDAQ:POOL – Get Rating) last released its earnings results on Thursday, July 21st. The specialty retailer reported $7.59 earnings per share for the quarter, beating the consensus estimate of $7.40 by $0.19. Pool had a net margin of 13.17% and a return on equity of 68.34%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the business earned $6.37 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. On average, analysts expect that Pool Co. will post 18.37 earnings per share for the current fiscal year.
Pool Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, August 10th. Pool’s dividend payout ratio is 20.80%.
Analyst Upgrades and Downgrades
POOL has been the topic of a number of research reports. Stephens cut their target price on shares of Pool to $400.00 in a research report on Tuesday, July 26th. Jefferies Financial Group cut their target price on shares of Pool from $485.00 to $400.00 in a research report on Tuesday, June 14th. KeyCorp cut their price target on shares of Pool from $570.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, July 28th. TheStreet upgraded shares of Pool from a “c+” rating to a “b” rating in a research report on Thursday, June 2nd. Finally, Robert W. Baird downgraded shares of Pool from an “outperform” rating to a “neutral” rating and set a $398.00 price target on the stock. in a research report on Thursday, July 14th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Pool presently has an average rating of “Hold” and an average target price of $448.56.
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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