LPL Financial LLC boosted its holdings in shares of Pool Co. (NASDAQ: POOL – Get Rating) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,944 shares of the specialty retailer’s stock after buying an additional 42 shares during the period. LPL Financial LLC’s holdings in Pool were worth $ 6,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in POOL. Total Clarity Wealth Management Inc. increased its position in Pool by 150.0% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 50 shares of the specialty retailer’s stock valued at $ 28,000 after buying an additional 30 shares in the last quarter. Liberty Wealth Management LLC increased its holdings in shares of Pool by 1,420.0% in the third quarter. Liberty Wealth Management LLC now owns 76 shares of the specialty retailer’s stock valued at $ 37,000 after purchasing an additional 71 shares during the period. UMB Bank NA MO acquired a new position in shares of Pool in the fourth quarter valued at about $ 54,000. Sugarloaf Wealth Management LLC increased its holdings in shares of Pool by 128.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 112 shares of the specialty retailer’s stock valued at $ 63,000 after purchasing an additional 63 shares during the period. Finally, Sageworth Trust Co of South Dakota acquired a new position in shares of Pool in the fourth quarter valued at about $ 67,000. 91.88% of the stock is currently owned by institutional investors.
In other news, Director Martha S. Gervasi bought 300 shares of the firm’s stock in a transaction dated Friday, May 6th. The shares were acquired at an average price of $ 391.86 per share, for a total transaction of $ 117,558.00. Following the completion of the transaction, the director now directly owns 808 shares in the company, valued at approximately $ 316,622.88. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Peter D. Arvan bought 500 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The stock was purchased at an average price of $ 387.08 per share, for a total transaction of $ 193,540.00. Following the transaction, the chief executive officer now owns 61,825 shares of the company stock, valued at $ 23,931,221. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company stock.
POOL has been the topic of a number of research reports. Stifel Nicolaus initiated coverage on Pool in a report on Monday, April 4th. They issued a “buy” rating and a $ 485.00 price objective on the stock. TheStreet raised Pool from a “c +” rating to a “b” rating in a report on Thursday, June 2nd. Edward Jones started coverage on Pool in a report on Tuesday, April 12th. They set a “hold” rating on the stock. Robert W. Baird dropped their target price on Pool from $ 600.00 to $ 550.00 in a report on Friday, April 22nd. Finally, StockNews.com started coverage on Pool in a report on Thursday, March 31st. They set a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $ 539.22.
Shares of POOL stock opened at $ 416.39 on Friday. The company has a market capitalization of $ 16.69 billion, a P / E ratio of 23.17, a P / E / G ratio of 2.22 and a beta of 0.88. The business’s 50 day moving average is $ 409.86 and its two-hundred day moving average is $ 465.42. The company has a current ratio of 2.50, a quick ratio of 0.79 and a debt-to-equity ratio of 1.26. Pool Co. has a 12-month low of $ 377.52 and a 12-month high of $ 582.27.
Pool (NASDAQ: POOL – Get Rating) last issued its quarterly earnings results on Thursday, April 21st. The specialty retailer reported $ 4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $ 3.06 by $ 1.35. The company had revenue of $ 1.41 billion for the quarter, compared to the consensus estimate of $ 1.27 billion. Pool had a return on equity of 69.76% and a net margin of 12.95%. Pool’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $ 2.42 earnings per share. On average, research analysts predict that Pool Co. will post 18.5 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 27th. Stockholders of record on Monday, May 16th were given a $ 1.00 dividend. This represents a $ 4.00 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Friday, May 13th. This is an increase from Pool’s previous quarterly dividend of $ 0.80. Pool’s dividend payout ratio (DPR) is 22.26%.
About Pool: (Get Rating)
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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