Lindbrook Capital LLC Raises Holdings in Pool Co. (NASDAQ:POOL)

Lindbrook Capital LLC lifted its stake in Pool Co. (NASDAQ:POOL) by 73.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 99 shares of the specialty retailer’s stock after acquiring an additional 42 shares during the quarter. Lindbrook Capital LLC’s holdings in Pool were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Pool by 3.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,845,204 shares of the specialty retailer’s stock worth $657,077,000 after buying an additional 63,413 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Pool by 56.7% in the third quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock worth $308,156,000 after buying an additional 313,190 shares during the last quarter. Blair William & Co. IL raised its holdings in Pool by 1.6% in the 3rd quarter. Blair William & Co. IL now owns 777,707 shares of the specialty retailer’s stock worth $276,941,000 after purchasing an additional 12,389 shares during the period. Invesco Ltd. raised its holdings in Pool by 22.0% in the 3rd quarter. Invesco Ltd. now owns 634,329 shares of the specialty retailer’s stock worth $225,885,000 after purchasing an additional 114,298 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in Pool by 10.9% in the 3rd quarter. William Blair Investment Management LLC now owns 606,678 shares of the specialty retailer’s stock worth $216,038,000 after purchasing an additional 59,757 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. TheStreet cut Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $370.00 price target on shares of Pool in a report on Tuesday, March 5th. Loop Capital cut Pool from a “buy” rating to a “hold” rating and upped their price target for the stock from $380.00 to $415.00 in a report on Monday, January 8th. Finally, Oppenheimer increased their target price on Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Pool currently has an average rating of “Hold” and a consensus price target of $397.80.

Insider Activity

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $401.00, for a total value of $441,100.00. Following the completion of the sale, the general counsel now directly owns 8,622 shares in the company, valued at $3,457,422. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

Pool Price Performance

Shares of Pool stock opened at $370.00 on Friday. The business has a 50 day simple moving average of $393.49 and a two-hundred day simple moving average of $373.57. Pool Co. has a 12 month low of $307.77 and a 12 month high of $422.73. The stock has a market capitalization of $14.24 billion, a P/E ratio of 27.78, a PEG ratio of 3.60 and a beta of 1.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.36 and a quick ratio of 0.58.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. The business’s revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.79 earnings per share. As a group, analysts predict that Pool Co. will post 13.27 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $1.10 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.19%. Pool’s dividend payout ratio (DPR) is presently 33.03%.

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.