454 Shares in Pool Co. (NASDAQ:POOL) Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. bought a new position in shares of Pool Co. (NASDAQ:POOL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 454 shares of the specialty retailer’s stock, valued at approximately $140,000.

Other hedge funds have also recently bought and sold shares of the company. Crewe Advisors LLC boosted its holdings in shares of Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 79 shares during the last quarter. VisionPoint Advisory Group LLC boosted its holdings in shares of Pool by 11,800.0% in the 4th quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 118 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Pool by 26.2% in the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 43 shares during the last quarter. Ridgewood Investments LLC acquired a new position in shares of Pool in the 2nd quarter valued at $74,000. Finally, Summit Securities Group LLC acquired a new position in shares of Pool in the 2nd quarter valued at $75,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

NASDAQ:POOL opened at $351.62 on Friday. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 2.53 and a beta of 1.00. The firm’s fifty day simple moving average is $336.93 and its 200 day simple moving average is $363.49. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. Pool had a net margin of 8.58% and a return on equity of 32.85%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business posted $5.89 EPS. The firm’s revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts expect that Pool Co. will post 10.98 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $1.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.37%. Pool’s dividend payout ratio is currently 37.56%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on POOL. The Goldman Sachs Group lifted their price target on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company lifted their price target on shares of Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Stifel Nicolaus lifted their price target on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a report on Friday. Robert W. Baird lifted their price target on shares of Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Finally, Loop Capital reduced their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $350.00.

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.