43,341 Shares of Pool Corporation $POOL Acquired by New South Capital Management Inc.

New South Capital Management Inc. bought a new stake in shares of Pool Corporation (NASDAQ:POOL) during the third quarter, HoldingsChannel reports. The fund bought 43,341 shares of the specialty retailer’s stock, valued at approximately $7,016,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Putney Financial Group LLC acquired a new stake in Pool in the 3rd quarter worth about $25,000. IFP Advisors Inc raised its holdings in shares of Pool by 117.9% in the 2nd quarter. IFP Advisors Inc now owns 122 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 66 shares during the period. Elevation Wealth Partners LLC raised its holdings in shares of Pool by 2,660.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 133 shares during the period. CoreCap Advisors LLC lifted its stake in shares of Pool by 214.3% in the 2nd quarter. CoreCap Advisors LLC now owns 154 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 105 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new stake in shares of Pool during the 3rd quarter worth about $35,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Robert W. Baird set a $250.00 price target on shares of Pool in a report on Friday, October 23rd. Longbow Research lowered shares of Pool from a “buy” rating to a “neutral” rating in a report on Monday, October 19th. Bank of America decreased their price target on shares of Pool from $226.00 to $206.00 and set an “underperform” rating for the company in a research report on Monday, July 20th. Stifel Nicolaus cut their price objective on Pool from $189.00 to $175.00 and set a “hold” rating on the stock in a research report on Tuesday, October 20th. Finally, Wells Fargo & Company boosted their price objective on Pool from $165.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Friday, October 23rd. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Pool currently has an average rating of “Hold” and an average price target of $227.70.

Pool Stock Down 0.8%

NASDAQ POOL opened at $215.78 on Thursday. The company has a quick ratio of 0.86, a current ratio of 2.46 and a debt-to-equity ratio of 0.93. Pool Corporation has a fifty-two week low of $152.70 and a fifty-two week high of $278.17. The business has a 50 day moving average price of $179.49 and a two-hundred day moving average price of $200.93. The stock has a market cap of $7.71 billion, a PE ratio of 19.85, a P/E/G ratio of 3.30 and a beta of 0.93.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 22nd. The specialty retailer reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.36 by $0.04. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Pool had a net margin of 7.27% and a return on equity of 33.50%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.39 earnings per share. As a group, sell-side analysts predict that Pool Corporation will post 10.95 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, November 10th. Pool’s dividend payout ratio (DPR) is presently 47.84%.

Pool Profile

Pool Corporation, doing business as POOL, is a wholesale distributor of swimming pool and related outdoor living products. It supplies pool builders, service companies, retailers and other professionals with products used to construct, maintain, repair and renovate swimming pools. Its offerings include pool and spa equipment, chemicals, parts, maintenance supplies and accessories, as well as products for outdoor living and, in some markets, irrigation and landscape applications. Pool Corporation distributes these products through a network of sales centers and distribution facilities.