Summit Trail Advisors LLC Increases Stock Position in Pool Co. (NASDAQ:POOL)

Summit Trail Advisors LLC boosted its stake in shares of Pool Co. (NASDAQ:POOL) by 4.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 678 shares of the specialty retailer’s stock after acquiring an additional 31 shares during the period. Summit Trail Advisors LLC’s holdings in Pool were worth $208,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in shares of Pool in the first quarter valued at about $96,528,000. TD Asset Management Inc grew its holdings in shares of Pool by 585.6% in the fourth quarter. TD Asset Management Inc now owns 183,060 shares of the specialty retailer’s stock valued at $72,988,000 after purchasing an additional 156,361 shares during the period. Caledonia Investments PLC purchased a new stake in shares of Pool in the second quarter valued at about $37,390,000. Norges Bank purchased a new stake in shares of Pool in the fourth quarter valued at about $44,697,000. Finally, Epoch Investment Partners Inc. grew its holdings in shares of Pool by 711.3% in the fourth quarter. Epoch Investment Partners Inc. now owns 123,419 shares of the specialty retailer’s stock valued at $49,208,000 after purchasing an additional 108,207 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Trading Up 1.0 %

NASDAQ:POOL opened at $371.91 on Wednesday. The company has a market capitalization of $14.25 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 2.63 and a beta of 1.00. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The stock has a fifty day simple moving average of $351.75 and a 200-day simple moving average of $358.52.

Pool (NASDAQ:POOL) last announced 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 during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted $5.89 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities research analysts expect that Pool Co. will post 10.99 earnings per share for the current fiscal year.

Pool Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Stephens lowered their target price on shares of Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. 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 note on Friday, July 26th. Loop Capital lowered their target price 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. Oppenheimer raised their price objective 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, Stifel Nicolaus raised their price objective on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average 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.