CENTRAL TRUST Co increased its holdings in shares of Pool Co. (NASDAQ:POOL – Get Rating) by 16.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,384 shares of the specialty retailer’s stock after buying an additional 341 shares during the quarter. CENTRAL TRUST Co’s holdings in Pool were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the stock. Jennison Associates LLC grew its stake in Pool by 108.6% during the 4th quarter. Jennison Associates LLC now owns 3,999 shares of the specialty retailer’s stock worth $2,263,000 after buying an additional 2,082 shares during the last quarter. Natixis Advisors L.P. grew its stake in Pool by 15.0% during the 4th quarter. Natixis Advisors L.P. now owns 49,219 shares of the specialty retailer’s stock valued at $27,858,000 after purchasing an additional 6,438 shares during the last quarter. Artemis Investment Management LLP grew its stake in Pool by 17.1% during the 4th quarter. Artemis Investment Management LLP now owns 300,224 shares of the specialty retailer’s stock valued at $169,824,000 after purchasing an additional 43,781 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in Pool by 1,713.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,424 shares of the specialty retailer’s stock valued at $2,504,000 after purchasing an additional 4,180 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC grew its stake in Pool by 18.2% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 1,770 shares of the specialty retailer’s stock valued at $1,002,000 after purchasing an additional 273 shares during the last quarter. Hedge funds and other institutional investors own 91.12% of the company’s stock.
Several research firms have weighed in on POOL. Robert W. Baird dropped their price target on Pool from $600.00 to $550.00 in a research note on Friday, April 22nd. TheStreet downgraded Pool from a “b” rating to a “c+” rating in a research note on Thursday, April 21st. Berenberg Bank restated a “buy” rating and issued a $519.00 target price on shares of Pool in a research note on Tuesday, March 8th. Edward Jones assumed coverage on Pool in a research note on Tuesday, April 12th. They issued a “hold” rating on the stock. Finally, Zacks Investment Research downgraded Pool from a “buy” rating to a “hold” rating and set a $594.00 target price on the stock. in a research note on Monday, January 3rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $538.80.
Pool (NASDAQ:POOL – Get Rating) last released its quarterly earnings results on Thursday, April 21st. The specialty retailer reported $4.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $1.30. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Pool had a return on equity of 69.76% and a net margin of 12.95%. Pool’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.42 EPS. Equities analysts forecast that Pool Co. will post 18.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were issued a dividend of $0.80 per share. The ex-dividend date was Wednesday, March 9th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.79%. Pool’s payout ratio is currently 17.81%.
Pool Profile (Get Rating)
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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
- Get a free copy of the StockNews.com research report on Pool (POOL)
- Why is Chevron Stock Falling After Strong Earnings?
- MarketBeat: Week in Review 4/25 – 4/29
- Apple’s Numbers Complete Trifecta
- Rogers Communication Stock Should Be Launching Higher
- Iridium Communications Stock is Ready to Return to Orbit
Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.