Regal Investment Advisors LLC Acquires 172 Shares of Pool Co. (NASDAQ:POOL)

Regal Investment Advisors LLC grew its holdings in Pool Co. (NASDAQ:POOL) by 31.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 713 shares of the specialty retailer’s stock after buying an additional 172 shares during the quarter. Regal Investment Advisors LLC’s holdings in Pool were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC lifted its position in shares of Pool by 68.9% during the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 42 shares in the last quarter. Crewe Advisors LLC lifted its holdings in Pool by 232.4% during the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. UMB Bank n.a. lifted its holdings in Pool by 221.6% during the 1st quarter. UMB Bank n.a. now owns 164 shares of the specialty retailer’s stock worth $66,000 after purchasing an additional 113 shares in the last quarter. Ridgewood Investments LLC bought a new position in Pool in the 2nd quarter worth about $74,000. Finally, Summit Securities Group LLC purchased a new position in Pool during the 2nd quarter valued at about $75,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Stock Down 0.8 %

Shares of NASDAQ:POOL opened at $372.77 on Thursday. The stock has a market capitalization of $14.26 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 2.73 and a beta of 1.00. The stock’s 50-day moving average price is $355.67 and its 200-day moving average price is $357.49. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company earned $5.89 EPS. Pool’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts anticipate that Pool Co. will post 10.99 earnings per share for the current year.

Pool Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on POOL shares. Loop Capital reduced their price objective on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday, June 25th. Stephens lowered their price objective on Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 25th. Bank of America reduced their target price on Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. Stifel Nicolaus upped their target price on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Finally, StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and a consensus price target of $350.00.

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.