MBB Public Markets I LLC Takes $898,000 Position in Pool Co. (NASDAQ:POOL)

MBB Public Markets I LLC acquired a new position in shares of Pool Co. (NASDAQ:POOL) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,923 shares of the specialty retailer’s stock, valued at approximately $898,000.

A number of other institutional investors have also recently added to or reduced their stakes in POOL. Advisory Services Network LLC bought a new position in Pool during the 4th quarter worth $187,000. Steward Partners Investment Advisory LLC grew its stake in Pool by 5.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 855 shares of the specialty retailer’s stock worth $341,000 after buying an additional 44 shares during the last quarter. Bank of Nova Scotia grew its stake in Pool by 33.5% during the 4th quarter. Bank of Nova Scotia now owns 4,816 shares of the specialty retailer’s stock worth $1,920,000 after buying an additional 1,209 shares during the last quarter. Alberta Investment Management Corp grew its stake in Pool by 1.7% during the 4th quarter. Alberta Investment Management Corp now owns 4,545 shares of the specialty retailer’s stock worth $1,812,000 after buying an additional 75 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in Pool by 1.2% during the 4th quarter. California State Teachers Retirement System now owns 61,270 shares of the specialty retailer’s stock worth $24,429,000 after buying an additional 707 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Loop Capital lowered their price objective on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday, June 25th. Stephens decreased their price target on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. Oppenheimer increased their price target on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Wells Fargo & Company increased their price target on Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Finally, StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $350.00.

Pool Trading Up 1.1 %

Shares of Pool stock opened at $376.80 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The firm has a market cap of $14.44 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 2.73 and a beta of 1.00. The business has a fifty day simple moving average of $354.01 and a 200-day simple moving average of $357.79. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

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

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s dividend payout ratio is 37.56%.

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.