17,795 Shares in Pool Co. (NASDAQ:POOL) Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd bought a new position in shares of Pool Co. (NASDAQ:POOLFree Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,795 shares of the specialty retailer’s stock, valued at approximately $7,378,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new stake in Pool in the 4th quarter valued at $28,000. Stuart Chaussee & Associates Inc. increased its holdings in Pool by 250.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 55 shares during the period. CVA Family Office LLC bought a new stake in Pool in the 4th quarter valued at $34,000. Lindbrook Capital LLC increased its holdings in 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 during the period. Finally, VisionPoint Advisory Group LLC increased its holdings in 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 during the period. Institutional investors own 98.99% of the company’s stock.

Pool Price Performance

NASDAQ POOL traded up $2.70 on Wednesday, hitting $298.87. 585,831 shares of the company were exchanged, compared to its average volume of 357,348. The firm has a 50 day moving average of $345.78 and a two-hundred day moving average of $373.54. The company has a market cap of $11.46 billion, a P/E ratio of 23.39, a P/E/G ratio of 2.24 and a beta of 1.00. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73.

Pool (NASDAQ:POOLGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a return on equity of 35.49% and a net margin of 9.17%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the company earned $2.46 EPS. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. On average, equities analysts predict that Pool Co. will post 10.94 EPS for the current year.

Pool Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, May 15th. This is an increase from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 dividend on an annualized basis and a yield of 1.61%. Pool’s dividend payout ratio is presently 37.56%.

Wall Street Analysts Forecast Growth

POOL has been the topic of several analyst reports. Oppenheimer lowered their price target on shares of Pool from $416.00 to $356.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Bank of America reduced their target price on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 25th. Stephens reduced their target price on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. Wells Fargo & Company reduced their target price on shares of Pool from $360.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 25th. Finally, Loop Capital reduced their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $328.00.

Get Our Latest Report on Pool

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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