Marlowe Partners LP Acquires Shares of 3,300 Pool Co. (NASDAQ:POOL)

Marlowe Partners LP purchased a new stake in shares of Pool Co. (NASDAQ:POOL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,300 shares of the specialty retailer’s stock, valued at approximately $1,014,000. Pool makes up about 2.8% of Marlowe Partners LP’s portfolio, making the stock its 7th largest position.

Other large investors have also recently modified their holdings of the company. Kestra Private Wealth Services LLC bought a new position in Pool during the 4th quarter worth about $461,000. Savant Capital LLC bought a new position in Pool in the fourth quarter worth approximately $217,000. Natixis Advisors L.P. lifted its holdings in Pool by 3.3% during the fourth quarter. Natixis Advisors L.P. now owns 30,550 shares of the specialty retailer’s stock worth $12,180,000 after buying an additional 978 shares during the period. M&T Bank Corp boosted its position in Pool by 7.2% during the 4th quarter. M&T Bank Corp now owns 1,883 shares of the specialty retailer’s stock valued at $751,000 after acquiring an additional 127 shares in the last quarter. Finally, Sapient Capital LLC purchased a new position in shares of Pool in the 4th quarter valued at $853,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Stephens reduced their price objective on shares of Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Loop Capital cut 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, Oppenheimer boosted their target price on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $350.00.

Pool Price Performance

Shares of NASDAQ:POOL traded up $0.80 during trading on Monday, reaching $351.62. The stock had a trading volume of 454,800 shares, compared to its average volume of 365,388. The business has a fifty day moving average price of $336.93 and a 200-day moving average price of $363.35. Pool Co. has a 1-year low of $293.51 and a 1-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. The stock has a market cap of $13.45 billion, a PE ratio of 27.51, a PEG ratio of 2.58 and a beta of 1.00.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company posted $5.89 EPS. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities analysts forecast that Pool Co. will post 10.98 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio (DPR) is currently 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.