PUREfi Wealth LLC Acquires 38 Shares of Pool Corporation (NASDAQ:POOL)

PUREfi Wealth LLC lifted its holdings in shares of Pool Corporation (NASDAQ:POOL) by 5.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 773 shares of the specialty retailer’s stock after purchasing an additional 38 shares during the period. PUREfi Wealth LLC’s holdings in Pool were worth $246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in POOL. Allspring Global Investments Holdings LLC grew its holdings in Pool by 816.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock worth $13,601,000 after purchasing an additional 36,403 shares during the period. Vontobel Holding Ltd. boosted its position in shares of Pool by 457.6% during the 4th quarter. Vontobel Holding Ltd. now owns 5,548 shares of the specialty retailer’s stock worth $1,892,000 after purchasing an additional 4,553 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Pool during the 4th quarter worth about $30,000. Principal Financial Group Inc. grew its stake in shares of Pool by 4.6% in the 4th quarter. Principal Financial Group Inc. now owns 88,583 shares of the specialty retailer’s stock valued at $30,201,000 after buying an additional 3,890 shares during the period. Finally, CIBC Asset Management Inc increased its position in Pool by 3.9% in the 4th quarter. CIBC Asset Management Inc now owns 5,818 shares of the specialty retailer’s stock valued at $1,984,000 after buying an additional 217 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

POOL has been the topic of several recent research reports. Stephens cut their price target on Pool from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Pool in a research report on Tuesday, April 1st. They issued a “hold” rating and a $344.00 price target on the stock. Stifel Nicolaus set a $300.00 price target on Pool in a research note on Friday, April 25th. Wells Fargo & Company set a $300.00 price objective on Pool in a research note on Friday, April 25th. Finally, Robert W. Baird cut their target price on Pool from $325.00 to $310.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $336.22.

Insider Activity at Pool

In related news, SVP Jennifer M. Neil sold 1,223 shares of the business’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $315.00, for a total transaction of $385,245.00. Following the sale, the senior vice president now directly owns 9,667 shares in the company, valued at approximately $3,045,105. The trade was a 11.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Pool Price Performance

Shares of NASDAQ POOL opened at $285.50 on Wednesday. The company has a market capitalization of $10.73 billion, a PE ratio of 26.78, a PEG ratio of 3.71 and a beta of 1.12. The company has a quick ratio of 0.53, a current ratio of 1.79 and a debt-to-equity ratio of 0.78. The stock’s 50 day moving average price is $302.96 and its 200-day moving average price is $328.13. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60.

Pool (NASDAQ:POOL) last released its 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 7.77% and a return on equity of 30.11%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the firm earned $1.85 earnings per share. The firm’s revenue was down 4.4% compared to the same quarter last year. On average, equities analysts anticipate that Pool Corporation will post 11.32 EPS for the current year.

Pool Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were issued a $1.25 dividend. The ex-dividend date was Thursday, May 15th. This represents a $5.00 annualized dividend and a yield of 1.75%. This is a positive change from Pool’s previous quarterly dividend of $1.20. Pool’s dividend payout ratio (DPR) is 46.90%.

Pool declared that its board has approved a share repurchase plan on Wednesday, April 30th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the specialty retailer to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.