Kayne Anderson Rudnick Investment Management LLC Grows Position in Pool Co. (NASDAQ:POOL)

Kayne Anderson Rudnick Investment Management LLC grew its holdings in Pool Co. (NASDAQ:POOL) by 1.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,102,921 shares of the specialty retailer’s stock after buying an additional 33,955 shares during the period. Pool accounts for about 1.6% of Kayne Anderson Rudnick Investment Management LLC’s holdings, making the stock its 15th biggest holding. Kayne Anderson Rudnick Investment Management LLC owned 5.49% of Pool worth $646,291,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Taylor Frigon Capital Management LLC raised its holdings in Pool by 0.8% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock valued at $1,089,000 after acquiring an additional 28 shares during the last quarter. Wedmont Private Capital lifted its position in Pool by 5.4% during the first quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer’s stock worth $236,000 after buying an additional 30 shares in the last quarter. Czech National Bank boosted its stake in Pool by 0.4% during the first quarter. Czech National Bank now owns 6,805 shares of the specialty retailer’s stock worth $2,746,000 after buying an additional 30 shares during the last quarter. TIAA Trust National Association grew its holdings in Pool by 4.2% in the 1st quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock valued at $301,000 after buying an additional 30 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its holdings in Pool by 1.3% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 2,405 shares of the specialty retailer’s stock valued at $739,000 after buying an additional 31 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Price Performance

Shares of NASDAQ POOL opened at $364.37 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. The company has a market cap of $13.94 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 2.63 and a beta of 1.00. The stock’s 50-day moving average is $350.22 and its two-hundred day moving average is $359.82. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73.

Pool (NASDAQ:POOL) last issued its earnings results 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. 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 analysts’ expectations of $1.74 billion. During the same quarter last year, the company earned $5.89 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. Analysts forecast that Pool Co. will post 10.99 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently announced 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. The ex-dividend date was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.32%. Pool’s payout ratio is currently 37.56%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. 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 research report on Friday, July 26th. Oppenheimer increased their price objective on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Bank of America reduced their target price on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Finally, Stifel Nicolaus raised their price objective on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $350.00.

Pool Company 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.