Friedberg Investment Management bought a new position in Pool Corporation (NASDAQ:POOL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,070 shares of the specialty retailer’s stock, valued at approximately $1,197,000. Pool accounts for approximately 1.9% of Friedberg Investment Management’s portfolio, making the stock its 20th largest position.
A number of other hedge funds have also recently added to or reduced their stakes in POOL. FCG Advisors LLC grew its stake in shares of Pool by 0.3% during the 2nd quarter. FCG Advisors LLC now owns 1,797 shares of the specialty retailer’s stock valued at $211,000 after buying an additional 6 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Pool by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,035 shares of the specialty retailer’s stock valued at $710,000 after buying an additional 23 shares during the period. Hanseatic Management Services Inc. grew its stake in shares of Pool by 0.3% during the 2nd quarter. Hanseatic Management Services Inc. now owns 12,440 shares of the specialty retailer’s stock valued at $1,463,000 after buying an additional 37 shares during the period. Sawtooth Solutions LLC grew its stake in shares of Pool by 2.3% during the 2nd quarter. Sawtooth Solutions LLC now owns 1,943 shares of the specialty retailer’s stock valued at $228,000 after buying an additional 44 shares during the period. Finally, World Asset Management Inc grew its stake in shares of Pool by 2.6% during the 2nd quarter. World Asset Management Inc now owns 2,967 shares of the specialty retailer’s stock valued at $349,000 after buying an additional 74 shares during the period. 94.22% of the stock is owned by hedge funds and other institutional investors.
In other Pool news, Director Harlan F. Seymour sold 15,502 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $118.87, for a total value of $1,842,722.74. Following the transaction, the director now owns 15,995 shares in the company, valued at approximately $1,901,325.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $120.73, for a total transaction of $5,750,128.44. Following the completion of the transaction, the chief executive officer now owns 61,708 shares in the company, valued at approximately $7,450,006.84. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.
Shares of Pool Corporation (NASDAQ:POOL) opened at $127.85 on Friday. The company has a current ratio of 2.61, a quick ratio of 1.03 and a debt-to-equity ratio of 2.64. The stock has a market cap of $5,131.31, a price-to-earnings ratio of 33.35 and a beta of 0.96. Pool Corporation has a 12 month low of $97.25 and a 12 month high of $130.92.
Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.02. The business had revenue of $743.40 million for the quarter. Pool had a net margin of 6.19% and a return on equity of 69.28%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. sell-side analysts predict that Pool Corporation will post 4.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.48 annualized dividend and a dividend yield of 1.16%. Pool’s payout ratio is 37.47%.
Several analysts have recently issued reports on the stock. Sidoti raised shares of Pool from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $119.00 to $131.00 in a research note on Friday, September 15th. Robert W. Baird boosted their price objective on shares of Pool from $125.00 to $131.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Finally, BidaskClub cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $127.25.
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Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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