Gilder Gagnon Howe & Co. LLC lowered its stake in Pool Co. (NASDAQ:POOL) by 5.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 335,745 shares of the specialty retailer’s stock after selling 19,765 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.84% of Pool worth $91,279,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mount Yale Investment Advisors LLC lifted its holdings in shares of Pool by 1.5% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 2,844 shares of the specialty retailer’s stock worth $773,000 after purchasing an additional 41 shares during the last quarter. Squar Milner Financial Services LLC increased its position in shares of Pool by 11.2% during the 2nd quarter. Squar Milner Financial Services LLC now owns 754 shares of the specialty retailer’s stock valued at $205,000 after purchasing an additional 76 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Pool by 43.6% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 412 shares of the specialty retailer’s stock valued at $112,000 after purchasing an additional 125 shares during the period. Cigna Investments Inc. New increased its position in shares of Pool by 2.9% during the 1st quarter. Cigna Investments Inc. New now owns 5,237 shares of the specialty retailer’s stock valued at $1,030,000 after purchasing an additional 150 shares during the period. Finally, D.A. Davidson & CO. increased its position in shares of Pool by 13.0% during the 1st quarter. D.A. Davidson & CO. now owns 1,333 shares of the specialty retailer’s stock valued at $264,000 after purchasing an additional 153 shares during the period. Hedge funds and other institutional investors own 94.14% of the company’s stock.
Several equities analysts have recently issued reports on POOL shares. Robert W. Baird lifted their price target on Pool from $258.00 to $271.00 and gave the company an “outperform” rating in a research report on Friday, June 19th. Loop Capital lifted their price target on Pool from $202.00 to $267.00 and gave the company a “hold” rating in a research report on Friday, May 29th. Cfra lifted their target price on Pool from $240.00 to $275.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 27th. Zacks Investment Research cut Pool from a “hold” rating to a “sell” rating and set a $272.00 target price on the stock. in a report on Friday, May 29th. Finally, KeyCorp lifted their target price on Pool from $250.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $255.50.
Shares of Pool stock traded down $14.68 during midday trading on Friday, hitting $295.00. The company’s stock had a trading volume of 667,492 shares, compared to its average volume of 238,332. The company has a quick ratio of 0.92, a current ratio of 2.06 and a debt-to-equity ratio of 0.88. The stock has a 50-day simple moving average of $318.29 and a 200-day simple moving average of $250.49. The firm has a market capitalization of $11.82 billion, a P/E ratio of 42.08 and a beta of 0.87. Pool Co. has a 1-year low of $160.35 and a 1-year high of $342.15.
Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.78. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.17 billion. Pool had a return on equity of 69.72% and a net margin of 8.32%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.22 earnings per share. As a group, sell-side analysts predict that Pool Co. will post 7.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $2.32 annualized dividend and a yield of 0.79%. Pool’s dividend payout ratio is 39.79%.
In other Pool news, VP Romain Kenneth G. St sold 4,996 shares of Pool stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $310.02, for a total transaction of $1,548,859.92. Following the sale, the vice president now directly owns 99,136 shares of the company’s stock, valued at $30,734,142.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $310.16, for a total value of $3,101,600.00. Following the sale, the insider now directly owns 70,289 shares in the company, valued at $21,800,836.24. The disclosure for this sale can be found here. Insiders have sold 57,793 shares of company stock worth $18,396,927 over the last 90 days. Corporate insiders own 4.00% of the company’s stock.
Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.
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