Wallace Advisory Group LLC Raises Stake in Pool Co. (NASDAQ:POOL)

Wallace Advisory Group LLC increased its stake in shares of Pool Co. (NASDAQ:POOL) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,411 shares of the specialty retailer’s stock after buying an additional 64 shares during the period. Wallace Advisory Group LLC’s holdings in Pool were worth $532,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Signal Advisors Wealth LLC lifted its holdings in Pool by 14.0% during the 4th quarter. Signal Advisors Wealth LLC now owns 2,409 shares of the specialty retailer’s stock worth $821,000 after purchasing an additional 295 shares in the last quarter. Cullen Investment Group LTD. lifted its holdings in Pool by 0.5% during the 4th quarter. Cullen Investment Group LTD. now owns 13,619 shares of the specialty retailer’s stock worth $4,643,000 after purchasing an additional 73 shares in the last quarter. Czech National Bank increased its stake in Pool by 5.9% in the 4th quarter. Czech National Bank now owns 8,252 shares of the specialty retailer’s stock worth $2,813,000 after acquiring an additional 459 shares during the last quarter. Sugarloaf Wealth Management LLC increased its stake in Pool by 10.1% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock worth $197,000 after acquiring an additional 53 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Pool by 3.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,028 shares of the specialty retailer’s stock worth $1,714,000 after acquiring an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Price Performance

POOL opened at $334.43 on Tuesday. The stock’s 50 day simple moving average is $357.98 and its 200 day simple moving average is $353.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The firm has a market cap of $12.73 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 2.20 and a beta of 1.03.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company earned $3.50 EPS. Pool’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, analysts predict that Pool Co. will post 11.02 earnings per share for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.44%. Pool’s payout ratio is 41.31%.

Wall Street Analysts Forecast Growth

POOL has been the topic of a number of research analyst reports. Oppenheimer upped their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Wells Fargo & Company upped their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Stifel Nicolaus upped their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Robert W. Baird upped their target price on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Pool presently has an average rating of “Hold” and an average price target of $369.25.

Pool Company Profile

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.