New South Capital Management Inc. Makes New $7.02 Million Investment in Pool Corporation $POOL

New South Capital Management Inc. acquired a new stake in Pool Corporation (NASDAQ:POOL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 43,341 shares of the specialty retailer’s stock, valued at approximately $7,016,000. New South Capital Management Inc. owned 0.12% of Pool as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its stake in shares of Pool by 1.5% in the 1st quarter. Pacer Advisors Inc. now owns 3,384 shares of the specialty retailer’s stock worth $685,000 after acquiring an additional 51 shares during the period. Signaturefd LLC raised its holdings in Pool by 11.2% during the third quarter. Signaturefd LLC now owns 538 shares of the specialty retailer’s stock worth $87,000 after purchasing an additional 54 shares in the last quarter. IFP Advisors Inc raised its holdings in Pool by 117.9% during the second quarter. IFP Advisors Inc now owns 122 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 66 shares in the last quarter. Gibbs Wealth Management lifted its position in Pool by 5.1% in the third quarter. Gibbs Wealth Management now owns 1,616 shares of the specialty retailer’s stock valued at $262,000 after purchasing an additional 78 shares during the period. Finally, Cim LLC lifted its position in Pool by 2.4% in the first quarter. Cim LLC now owns 3,613 shares of the specialty retailer’s stock valued at $731,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on POOL shares. Stifel Nicolaus dropped their target price on Pool from $189.00 to $175.00 and set a “hold” rating on the stock in a research report on Tuesday, October 20th. Bank of America reduced their price target on Pool from $226.00 to $206.00 and set an “underperform” rating for the company in a report on Monday, July 20th. Oppenheimer decreased their price target on Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Wells Fargo & Company upped their price objective on Pool from $165.00 to $190.00 and gave the stock an “equal weight” rating in a report on Friday, October 23rd. Finally, Longbow Research cut Pool from a “buy” rating to a “neutral” rating in a research report on Monday, October 19th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $227.70.

Pool Stock Down 0.8%

POOL stock opened at $215.78 on Thursday. The company has a current ratio of 2.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $179.49 and its 200 day moving average price is $200.93. Pool Corporation has a 52 week low of $152.70 and a 52 week high of $278.17. The company has a market cap of $7.71 billion, a P/E ratio of 19.85, a P/E/G ratio of 3.30 and a beta of 0.93.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 22nd. The specialty retailer reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.36 by $0.04. Pool had a net margin of 7.27% and a return on equity of 33.50%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the company posted $3.39 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, research analysts expect that Pool Corporation will post 10.95 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, November 10th. Pool’s dividend payout ratio (DPR) is presently 47.84%.

Pool Profile

Pool Corporation, doing business as POOL, is a wholesale distributor of swimming pool and related outdoor living products. It supplies pool builders, service companies, retailers and other professionals with products used to construct, maintain, repair and renovate swimming pools. Its offerings include pool and spa equipment, chemicals, parts, maintenance supplies and accessories, as well as products for outdoor living and, in some markets, irrigation and landscape applications. Pool Corporation distributes these products through a network of sales centers and distribution facilities.