Pool Co. (NASDAQ:POOL) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp lifted its position in Pool Co. (NASDAQ:POOL) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,778 shares of the specialty retailer’s stock after acquiring an additional 580 shares during the quarter. King Luther Capital Management Corp’s holdings in Pool were worth $5,464,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Tortoise Investment Management LLC lifted its position in shares of Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 42 shares in the last quarter. Crewe Advisors LLC lifted its position 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 acquiring an additional 79 shares in the last quarter. UMB Bank n.a. lifted its position 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 acquiring an additional 43 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Pool in the 2nd quarter valued at approximately $74,000. Finally, Summit Securities Group LLC purchased a new stake in Pool in the 2nd quarter worth approximately $75,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

NASDAQ:POOL opened at $364.37 on Friday. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The firm’s fifty day simple moving average is $350.22 and its 200 day simple moving average is $359.82. 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 $13.94 billion, a PE ratio of 28.51, a PEG ratio of 2.63 and a beta of 1.00.

Pool (NASDAQ:POOL) last posted 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. Pool had a net margin of 8.58% and a return on equity of 32.85%. 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 business posted $5.89 EPS. Pool’s revenue was down 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Pool Co. will post 10.99 EPS for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio (DPR) is presently 37.56%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Robert W. Baird increased their target price on shares of Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Stifel Nicolaus increased 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. Loop Capital cut their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday, June 25th. Oppenheimer increased 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, Stephens dropped their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.