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:POOLFree Report) 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.

Read Our Latest Stock Report on POOL

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:POOLGet Free Report) 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

(Free Report)

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.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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