Pool Co. (NASDAQ:POOL) Shares Purchased by Wallace Advisory Group LLC

Wallace Advisory Group LLC boosted its position in shares of Pool Co. (NASDAQ:POOL) by 3.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,369 shares of the specialty retailer’s stock after acquiring an additional 52 shares during the quarter. Wallace Advisory Group LLC’s holdings in Pool were worth $421,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Magnolia Capital Advisors LLC boosted its stake in shares of Pool by 8.9% in the second quarter. Magnolia Capital Advisors LLC now owns 683 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 56 shares during the period. Ascent Group LLC lifted its holdings in Pool by 17.6% during the 2nd quarter. Ascent Group LLC now owns 1,511 shares of the specialty retailer’s stock worth $464,000 after buying an additional 226 shares in the last quarter. SkyView Investment Advisors LLC purchased a new position in Pool in the 2nd quarter valued at approximately $308,000. Scientech Research LLC grew its stake in shares of Pool by 346.7% in the second quarter. Scientech Research LLC now owns 6,383 shares of the specialty retailer’s stock worth $1,962,000 after acquiring an additional 4,954 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Pool by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 23,619 shares of the specialty retailer’s stock worth $7,259,000 after acquiring an additional 112 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Stock Performance

Shares of POOL stock opened at $372.54 on Monday. The stock’s 50-day moving average is $354.01 and its two-hundred day moving average is $357.79. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The firm has a market cap of $14.25 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 2.73 and a beta of 1.00.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.90 by $0.09. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $5.89 EPS. Analysts predict that Pool Co. will post 10.99 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio is currently 37.56%.

Wall Street Analyst Weigh In

Several research analysts recently commented on POOL shares. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Stephens lowered their price objective on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, June 25th. Bank of America cut their target price on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 25th. Oppenheimer lifted their price target on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Robert W. Baird increased their price objective on shares of Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.