Pool Co. (NASDAQ:POOL) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in shares of Pool Co. (NASDAQ:POOL) by 28.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,709 shares of the specialty retailer’s stock after acquiring an additional 23,233 shares during the period. Hsbc Holdings PLC owned approximately 0.28% of Pool worth $32,487,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of POOL. Norges Bank acquired a new stake in Pool during the 4th quarter valued at approximately $44,697,000. PNC Financial Services Group Inc. lifted its stake in Pool by 1.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,399 shares of the specialty retailer’s stock valued at $3,349,000 after acquiring an additional 152 shares during the period. Coldstream Capital Management Inc. lifted its stake in Pool by 4.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,029 shares of the specialty retailer’s stock valued at $410,000 after acquiring an additional 44 shares during the period. Assetmark Inc. lifted its stake in shares of Pool by 28.7% in the 4th quarter. Assetmark Inc. now owns 413 shares of the specialty retailer’s stock valued at $165,000 after purchasing an additional 92 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Pool by 93.5% in the 4th quarter. Franklin Resources Inc. now owns 15,875 shares of the specialty retailer’s stock valued at $6,330,000 after purchasing an additional 7,672 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on POOL shares. Robert W. Baird boosted their target price on shares of Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group boosted their target price on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Oppenheimer boosted their target price on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Stephens cut their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday, June 25th. Two 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $350.00.

Pool Price Performance

Shares of NASDAQ POOL opened at $364.37 on Friday. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The firm has a market cap of $13.97 billion, a PE ratio of 28.51, a PEG ratio of 2.63 and a beta of 1.00. The firm has a fifty day moving average of $350.22 and a 200 day moving average of $359.48. 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 (NASDAQ:POOL) last released its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the firm earned $5.89 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, research analysts predict that Pool Co. will post 10.99 EPS for the current fiscal year.

Pool Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s payout ratio is 37.56%.

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.