According to HoldingsChannel, Heartland Bank & Trust Co. increased its stake in Pool Co. (NASDAQ:POOL – Get Rating) by 28.0% during the first quarter. The company owned 580 shares of the specialty retailer after purchasing an additional 127 shares during the quarter. Heartland Bank & Trust Co’s interests in Pool were worth $245,000 at the end of the last reporting period.
Several other institutional investors recently changed their holdings in the company. Frontier Wealth Management LLC increased its holdings of pool stocks by 0.4% during the fourth quarter. Frontier Wealth Management LLC now owns 5,425 shares of the specialty retailer, valued at $3,071,000, after purchasing an additional 23 shares last quarter. American National Bank increased its holdings of pooled shares by 52.0% in the first quarter. American National Bank now owns 76 shares of the stock trader, valued at $32,000, after buying another 26 shares last quarter. Signaturefd LLC increased its holdings of pool stocks by 7.5% during the fourth quarter. Signaturefd LLC now owns 402 shares of the specialty retailer, valued at $228,000, after purchasing an additional 28 shares last quarter. CHICAGO TRUST Co NA increased its holdings of pool shares by 1.1% in the fourth quarter. CHICAGO TRUST Co NA now owns 2,813 shares of the specialty retailer, valued at $1,592,000, after purchasing an additional 30 shares last quarter. Finally, Taylor Frigon Capital Management LLC increased its holdings in pool stocks by 0.9% during the fourth quarter. Taylor Frigon Capital Management LLC now owns 3,466 shares of the specialty retailer, valued at $1,962,000, after purchasing an additional 30 shares last quarter. Institutional investors and hedge funds own 91.88% of the company’s shares.
A number of research analysts recently commented on POOL stock. Edward Jones began covering Pool in a report on Tuesday, April 12. They gave the stock a “hold” rating. StockNews.com began reporting on Pool on Thursday, March 31st. They gave the stock a “hold” rating. Jefferies Financial Group lowered its target price on Pool from $485.00 to $400.00 in a report Tuesday, June 14. Stifel Nicolaus began reporting on pool on Monday April 4th. They issued a “buy” rating and a price target of $485.00 on the stock. Finally, Longbow Research Pool upgraded its rating from a “neutral” to a “buy” rating and placed a price target of $550.00 on the stock in a report dated Tuesday, April 19th. Five research analysts have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $513.63.
NASDAQ:POOL opened at $335.78 on Thursday. The company has a quick ratio of 0.79, a current ratio of 2.50 and a debt to equity ratio of 1.26. The stock’s 50-day moving average is $396.24 and the 200-day moving average is $452.21. Pool Co. has a 52-week low of $324.14 and a 52-week high of $582.27. The stock has a market cap of $13.46 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-to-growth ratio of 1.80 and a beta of 0.88.
Pool (NASDAQ:POOL – Get Rating) last released its quarterly earnings results on Thursday, April 21st. The specialty retailer reported earnings per share of $4.41 for the quarter, beating analysts’ consensus estimate of $3.06 by $1.35. Pool had a return on equity of 69.76% and a net margin of 12.95%. The company made $1.41 billion in revenue for the quarter, compared to analysts’ expectations of $1.27 billion. In the same period last year, the company generated earnings per share of $2.42. The company’s revenue increased 33.2% compared to the prior-year quarter. On average, sell-side analysts expect Pool Co. to post 18.5 EPS 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 16 received a dividend of $1.00 per share. The ex-dividend date was Friday May 13th. That equates to a dividend of $4.00 on an annualized basis and a dividend yield of 1.19%. This is a positive change from Pool’s previous quarterly dividend of $0.80. Pool’s payout ratio is currently 22.26%.
In related news, CEO Peter D. Arvan acquired 500 shares of the company’s stock in a transaction on Wednesday, May 18. The shares were purchased at an average price of $387.08 per share for a total value of $193,540.00. Upon completion of the transaction, the Chief Executive Officer now owns 61,825 shares of the Company, valued at $23,931,221. The acquisition was disclosed in a legal filing with the SEC available at this hyperlink. In addition, Director Martha S. Gervasi purchased 300 shares of the company’s shares in a transaction on Friday, May 6th. The shares were purchased at an average price of $391.86 per share for a total transaction of $117,558.00. Following the transaction, the director now directly owns 808 shares of the Company, valued at approximately $316,622.88. The disclosure for this purchase can be found here. 3.00% of the shares are currently owned by company insiders.
Pool company profile (received rating)
Pool Corporation sells swimming pool accessories, equipment and related recreational products in the United States and internationally. The Company offers maintenance products including chemicals, consumables and pool accessories. repair and replacement parts for swimming pool equipment such as cleaners, filters, heaters, pumps and lights; fiberglass pools and whirlpools and packaged pool kits comprised of walls, liners, braces and panels for inground and above ground pools; swimming pool equipment and components for new construction of swimming pools and remodeling of existing swimming pools; and irrigation and related products, consisting of irrigation system components and professional lawn care equipment and accessories.
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