Magnolia Capital Advisors LLC Raises Stock Position in Pool Co. (NASDAQ:POOL)

Magnolia Capital Advisors LLC grew its holdings in Pool Co. (NASDAQ:POOL) by 8.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 683 shares of the specialty retailer’s stock after buying an additional 56 shares during the period. Magnolia Capital Advisors LLC’s holdings in Pool were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tortoise Investment Management LLC grew its stake 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 worth $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC grew its stake in shares of Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after buying an additional 79 shares in the last quarter. UMB Bank n.a. grew its stake 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 worth $64,000 after buying an additional 43 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of Pool in the 2nd quarter worth $74,000. Finally, Summit Securities Group LLC purchased a new position in shares of Pool in the 2nd quarter worth $75,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Trading Up 1.1 %

Shares of POOL opened at $376.80 on Tuesday. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The company has a 50-day moving average of $354.01 and a 200 day moving average of $357.79. The firm has a market capitalization of $14.44 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 2.73 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88.

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 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 company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business posted $5.89 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, research analysts expect that Pool Co. will post 10.99 EPS for the current year.

Pool Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Robert W. Baird raised their target price on shares of Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Oppenheimer raised their target price on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. 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 report on Tuesday, June 25th. The Goldman Sachs Group raised their target price on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus raised their target price on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $350.00.

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.