Pool Co. (NASDAQ:POOL) Shares Acquired by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC increased its position in Pool Co. (NASDAQ:POOL) by 40.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,383 shares of the specialty retailer’s stock after purchasing an additional 974 shares during the period. Signal Advisors Wealth LLC’s holdings in Pool were worth $1,077,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AdvisorNet Financial Inc boosted its stake in Pool by 7.8% in the first quarter. AdvisorNet Financial Inc now owns 468 shares of the specialty retailer’s stock valued at $149,000 after acquiring an additional 34 shares during the period. Second Line Capital LLC boosted its stake in Pool by 4.1% during the 4th quarter. Second Line Capital LLC now owns 888 shares of the specialty retailer’s stock valued at $303,000 after purchasing an additional 35 shares during the period. Tidal Investments LLC boosted its stake in Pool by 0.5% during the 4th quarter. Tidal Investments LLC now owns 6,696 shares of the specialty retailer’s stock valued at $2,283,000 after purchasing an additional 35 shares during the period. Waterloo Capital L.P. boosted its stake in Pool by 7.1% during the 4th quarter. Waterloo Capital L.P. now owns 635 shares of the specialty retailer’s stock valued at $216,000 after purchasing an additional 42 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in Pool by 4.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock valued at $383,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Price Performance

Shares of NASDAQ POOL opened at $297.08 on Friday. Pool Co. has a twelve month low of $284.28 and a twelve month high of $395.60. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 2.03 and a beta of 1.20. The firm has a 50-day moving average of $304.72 and a two-hundred day moving average of $332.26.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.10). Pool had a net margin of 8.18% and a return on equity of 31.11%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company posted $1.85 earnings per share. Pool’s revenue was down 4.4% compared to the same quarter last year. As a group, analysts expect that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Thursday, May 15th. This is an increase from Pool’s previous quarterly dividend of $1.20. Pool’s dividend payout ratio is 46.90%.

Pool announced that its Board of Directors has approved a stock buyback plan on Wednesday, April 30th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the specialty retailer to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on POOL shares. Deutsche Bank Aktiengesellschaft started coverage on Pool in a research report on Tuesday, April 1st. They set a “hold” rating and a $344.00 price objective for the company. Stephens reduced their price target on Pool from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Stifel Nicolaus set a $300.00 price target on Pool in a research report on Friday, April 25th. Wells Fargo & Company set a $300.00 price objective on shares of Pool in a report on Friday, April 25th. Finally, Oppenheimer reduced their price objective on shares of Pool from $370.00 to $322.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $336.22.

Insider Activity

In other Pool news, SVP Jennifer M. Neil sold 1,223 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the completion of the sale, the senior vice president now directly owns 9,667 shares of the company’s stock, valued at approximately $3,045,105. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.

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.