Promus Capital LLC Makes New $77,000 Investment in Pool Co. (NASDAQ:POOL)

Promus Capital LLC purchased a new position in Pool Co. (NASDAQ:POOL) during the 4th quarter, HoldingsChannel reports. The firm purchased 225 shares of the specialty retailer’s stock, valued at approximately $77,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in Pool in the fourth quarter worth about $30,000. Brooklyn Investment Group purchased a new position in Pool in the 3rd quarter worth about $31,000. Private Trust Co. NA increased its stake in Pool by 76.9% in the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 60 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Pool in the 3rd quarter worth about $60,000. Finally, YANKCOM Partnership purchased a new position in Pool in the 4th quarter worth about $61,000. 98.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

POOL has been the topic of a number of analyst reports. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Wells Fargo & Company dropped their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and an average price target of $368.00.

Insider Activity at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the sale, the director now owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by company insiders.

Pool Trading Up 0.8 %

NASDAQ:POOL opened at $343.92 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The stock’s 50-day moving average is $342.71 and its two-hundred day moving average is $355.59. The stock has a market cap of $13.09 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. Pool had a return on equity of 31.11% and a net margin of 8.18%. The company had revenue of $987.48 million for the quarter, compared to analysts’ expectations of $961.04 million. As a group, equities research analysts forecast that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be paid a $1.20 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.40%. Pool’s payout ratio is 42.55%.

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; 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.