BBVA USA Bancshares Inc. bought a new stake in Pool Co. (NASDAQ:POOL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,193 shares of the specialty retailer’s stock, valued at approximately $644,000.
Several other large investors also recently added to or reduced their stakes in POOL. CX Institutional grew its holdings in Pool by 45.5% during the third quarter. CX Institutional now owns 176 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 55 shares during the period. NumerixS Investment Technologies Inc acquired a new position in Pool during the second quarter worth $38,000. Stonebridge Capital Advisors LLC acquired a new position in Pool during the second quarter worth $38,000. Squar Milner Financial Services LLC grew its holdings in Pool by 273.6% during the third quarter. Squar Milner Financial Services LLC now owns 198 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 145 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new position in Pool during the second quarter worth $40,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.
POOL opened at $207.32 on Friday. The business’s fifty day moving average is $203.98 and its two-hundred day moving average is $193.04. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.98 and a current ratio of 2.68. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 36.89, a PEG ratio of 1.49 and a beta of 0.87. Pool Co. has a one year low of $137.02 and a one year high of $228.19.
Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 17th. The specialty retailer reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.17. The company had revenue of $898.50 million for the quarter, compared to the consensus estimate of $883.54 million. Pool had a return on equity of 82.52% and a net margin of 8.24%. Pool’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.66 earnings per share. On average, analysts predict that Pool Co. will post 5.84 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.20 annualized dividend and a dividend yield of 1.06%. Pool’s dividend payout ratio is currently 39.15%.
In other news, Vice Chairman De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $215.12, for a total value of $2,151,200.00. Following the sale, the insider now directly owns 69,738 shares in the company, valued at $15,002,038.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark W. Joslin sold 5,000 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $214.84, for a total value of $1,074,200.00. Following the completion of the sale, the chief financial officer now owns 120,920 shares in the company, valued at $25,978,452.80. The disclosure for this sale can be found here. Insiders sold 21,881 shares of company stock worth $4,589,021 over the last 90 days. Company insiders own 6.00% of the company’s stock.
A number of research analysts recently weighed in on POOL shares. Zacks Investment Research lowered Pool from a “buy” rating to a “hold” rating and set a $228.00 price objective on the stock. in a report on Monday, October 21st. Stephens boosted their target price on Pool from $187.00 to $196.00 and gave the stock an “equal weight” rating in a research report on Monday, September 23rd. BidaskClub upgraded Pool from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Sidoti downgraded Pool from a “buy” rating to a “neutral” rating and set a $215.00 target price on the stock. in a research report on Friday, August 23rd. Finally, Robert W. Baird boosted their target price on Pool from $192.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $217.25.
Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.
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