Atria Investments LLC increased its holdings in Pool Co. (NASDAQ:POOL) by 13.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,268 shares of the specialty retailer’s stock after acquiring an additional 272 shares during the period. Atria Investments LLC’s holdings in Pool were worth $438,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in POOL. Raymond James Financial Services Advisors Inc. bought a new position in shares of Pool in the first quarter valued at approximately $477,000. MML Investors Services LLC lifted its stake in Pool by 6.1% in the first quarter. MML Investors Services LLC now owns 4,450 shares of the specialty retailer’s stock valued at $734,000 after purchasing an additional 256 shares during the last quarter. Private Advisor Group LLC lifted its stake in Pool by 7.9% in the first quarter. Private Advisor Group LLC now owns 5,819 shares of the specialty retailer’s stock valued at $960,000 after purchasing an additional 428 shares during the last quarter. State of Tennessee Treasury Department lifted its stake in Pool by 108.6% in the first quarter. State of Tennessee Treasury Department now owns 19,206 shares of the specialty retailer’s stock valued at $3,168,000 after purchasing an additional 10,000 shares during the last quarter. Finally, FIL Ltd lifted its stake in Pool by 30.0% in the first quarter. FIL Ltd now owns 5,200 shares of the specialty retailer’s stock valued at $858,000 after purchasing an additional 1,200 shares during the last quarter. 94.25% of the stock is owned by institutional investors.
POOL has been the topic of several research analyst reports. Zacks Investment Research upgraded Pool from a “sell” rating to a “hold” rating and set a $209.00 price objective on the stock in a research note on Monday, August 12th. Stephens upped their price objective on Pool from $187.00 to $196.00 and gave the company an “equal weight” rating in a research note on Monday, September 23rd. BidaskClub upgraded Pool from a “hold” rating to a “buy” rating in a research note on Wednesday, September 25th. Sidoti downgraded Pool from a “buy” rating to a “neutral” rating and set a $215.00 price objective on the stock. in a research note on Friday, August 23rd. Finally, Robert W. Baird set a $192.00 price objective on Pool and gave the company a “buy” rating in a research note on Friday, July 19th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Pool currently has an average rating of “Hold” and an average target price of $191.40.
In other Pool news, CAO Hart Melanie Housey sold 2,400 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $194.88, for a total transaction of $467,712.00. Following the sale, the chief accounting officer now owns 12,684 shares in the company, valued at $2,471,857.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman De La Mesa Manuel J. Perez sold 4,443 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $192.63, for a total value of $855,855.09. Following the sale, the insider now owns 64,145 shares in the company, valued at approximately $12,356,251.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,965 shares of company stock worth $9,560,885. Company insiders own 6.00% of the company’s stock.
Pool stock opened at $203.26 on Friday. Pool Co. has a 12 month low of $136.83 and a 12 month high of $205.78. The company has a current ratio of 2.35, a quick ratio of 0.97 and a debt-to-equity ratio of 2.30. The business’s 50 day simple moving average is $197.01 and its 200 day simple moving average is $186.88. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 36.17, a PEG ratio of 1.47 and a beta of 0.88.
Pool (NASDAQ:POOL) last posted its earnings results on Thursday, July 18th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.21 by $0.01. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.16 billion. Pool had a return on equity of 82.89% and a net margin of 8.14%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.80 earnings per share. As a group, equities research analysts forecast that Pool Co. will post 5.81 earnings per share for the current fiscal year.
Pool Company Profile
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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