Pool Co. (NASDAQ:POOL) Stock Holdings Increased by Litman Gregory Wealth Management LLC

Litman Gregory Wealth Management LLC boosted its position in Pool Co. (NASDAQ:POOL) by 14.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,379 shares of the specialty retailer’s stock after buying an additional 1,200 shares during the period. Litman Gregory Wealth Management LLC’s holdings in Pool were worth $3,740,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York Life Investment Management LLC increased its holdings in Pool by 0.5% in the third quarter. New York Life Investment Management LLC now owns 5,687 shares of the specialty retailer’s stock valued at $2,025,000 after buying an additional 30 shares during the last quarter. Cresset Asset Management LLC grew its holdings in shares of Pool by 7.2% during the first quarter. Cresset Asset Management LLC now owns 479 shares of the specialty retailer’s stock valued at $203,000 after purchasing an additional 32 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Pool by 0.6% during the first quarter. CIBC Asset Management Inc now owns 5,695 shares of the specialty retailer’s stock valued at $1,950,000 after purchasing an additional 33 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Pool by 12.2% during the third quarter. Assetmark Inc. now owns 321 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 35 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Pool by 39.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 36 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on POOL. Stifel Nicolaus reaffirmed a “hold” rating and set a $370.00 target price on shares of Pool in a report on Tuesday, March 5th. TheStreet lowered Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Oppenheimer upped their target price on Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, Loop Capital lowered Pool from a “buy” rating to a “hold” rating and upped their target price for the company from $380.00 to $415.00 in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $388.63.

Insiders Place Their Bets

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $401.00, for a total value of $441,100.00. Following the completion of the sale, the general counsel now directly owns 8,622 shares in the company, valued at $3,457,422. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by insiders.

Pool Stock Performance

Shares of NASDAQ POOL traded down $1.78 during midday trading on Friday, hitting $361.13. 329,057 shares of the company’s stock were exchanged, compared to its average volume of 316,586. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.36 and a quick ratio of 0.58. The stock’s 50 day moving average price is $394.15 and its 200-day moving average price is $372.57. The firm has a market cap of $13.90 billion, a P/E ratio of 27.11, a PEG ratio of 3.38 and a beta of 1.00. Pool Co. has a twelve month low of $307.77 and a twelve month high of $422.73.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.79 earnings per share. Equities research analysts anticipate that Pool Co. will post 13.3 EPS for the current year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.22%. Pool’s dividend payout ratio (DPR) is 33.03%.

Pool Profile

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; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.