Pitcairn Co. purchased a new position in shares of Pool Co. (NASDAQ:POOL – Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 940 shares of the specialty retailer’s stock, valued at approximately $379,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of POOL. Turtle Creek Wealth Advisors LLC bought a new position in shares of Pool during the 4th quarter worth approximately $28,000. Stuart Chaussee & Associates Inc. boosted its position in Pool by 250.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 55 shares during the period. CVA Family Office LLC acquired a new position in shares of Pool in the fourth quarter valued at $34,000. Lindbrook Capital LLC raised its position in shares of Pool by 73.7% in the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 42 shares during the period. Finally, VisionPoint Advisory Group LLC lifted its stake in shares of Pool by 11,800.0% during the 4th quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock worth $47,000 after buying an additional 118 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.
Pool Price Performance
POOL stock traded up $32.75 during mid-day trading on Thursday, hitting $359.94. The stock had a trading volume of 1,077,721 shares, compared to its average volume of 370,720. The firm has a fifty day simple moving average of $336.31 and a 200 day simple moving average of $368.75. The firm has a market capitalization of $13.80 billion, a P/E ratio of 27.49, a P/E/G ratio of 2.49 and a beta of 1.00. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73.
Pool Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a dividend of $1.20 per share. This is an increase from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Wednesday, May 15th. Pool’s dividend payout ratio is currently 37.56%.
Analyst Ratings Changes
POOL has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on shares of Pool from $360.00 to $290.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. Robert W. Baird dropped their price target on Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a report on Tuesday, June 25th. Loop Capital decreased their price objective on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. Stephens dropped their target price on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday, June 25th. Finally, Stifel Nicolaus decreased their price target on shares of Pool from $360.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $321.75.
View Our Latest Analysis on Pool
About Pool
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.
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