Cynosure Group LLC purchased a new stake in shares of Pool Co. (NASDAQ:POOL – Free Report) during the first quarter, HoldingsChannel reports. The fund purchased 786 shares of the specialty retailer’s stock, valued at approximately $317,000.
A number of other hedge funds also recently bought and sold shares of the business. HB Wealth Management LLC raised its stake in shares of Pool by 10.1% in the fourth quarter. HB Wealth Management LLC now owns 1,270 shares of the specialty retailer’s stock valued at $506,000 after acquiring an additional 117 shares during the period. Raymond James & Associates grew its holdings in Pool by 2.1% during the 4th quarter. Raymond James & Associates now owns 284,162 shares of the specialty retailer’s stock worth $113,298,000 after acquiring an additional 5,823 shares in the last quarter. CVA Family Office LLC bought a new position in Pool during the 4th quarter worth about $34,000. Raymond James Financial Services Advisors Inc. grew its holdings in Pool by 7.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 23,224 shares of the specialty retailer’s stock worth $9,260,000 after acquiring an additional 1,667 shares in the last quarter. Finally, Simon Quick Advisors LLC purchased a new stake in shares of Pool during the fourth quarter valued at about $217,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.
Pool Price Performance
Pool stock traded up $4.30 during trading hours on Tuesday, hitting $335.87. The stock had a trading volume of 83,552 shares, compared to its average volume of 363,282. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 2.42 and a beta of 1.00. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The stock’s fifty day moving average is $338.22 and its two-hundred day moving average is $369.32.
Pool Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a dividend of $1.20 per share. The ex-dividend date was Wednesday, May 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.43%. This is a positive change from Pool’s previous quarterly dividend of $1.10. Pool’s dividend payout ratio (DPR) is presently 37.56%.
Analyst Ratings Changes
A number of equities analysts have issued reports on POOL shares. Wells Fargo & Company reduced their price target on shares of Pool from $360.00 to $290.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 25th. Robert W. Baird lowered their target price on shares of Pool from $380.00 to $305.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 25th. Bank of America reduced their price target on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a report on Tuesday, June 25th. Loop Capital reduced their price objective on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. Finally, Oppenheimer reduced their price objective on shares of Pool from $416.00 to $356.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $321.75.
Read Our Latest Analysis on Pool
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.
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