Pool Co. (NASDAQ:POOL) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in shares of Pool Co. (NASDAQ:POOL) by 46.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,376 shares of the specialty retailer’s stock after purchasing an additional 1,385 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Pool were worth $1,766,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Pool during the fourth quarter worth $28,000. Stuart Chaussee & Associates Inc. raised its holdings in shares of Pool by 250.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 55 shares during the period. CVA Family Office LLC acquired a new stake in shares of Pool during the fourth quarter worth $34,000. Lindbrook Capital LLC grew its position in shares of Pool by 73.7% during the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 42 shares during the last quarter. Finally, VisionPoint Advisory Group LLC grew its position in shares of Pool by 11,800.0% during the fourth quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 118 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Stock Performance

Shares of POOL opened at $301.09 on Thursday. The firm has a 50-day moving average price of $351.22 and a 200 day moving average price of $376.26. The firm has a market capitalization of $11.54 billion, a PE ratio of 23.56, a P/E/G ratio of 2.22 and a beta of 1.00. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. Pool Co. has a 52-week low of $298.07 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.46 EPS. On average, sell-side analysts anticipate that Pool Co. will post 10.94 earnings per share for the current fiscal year.

Pool Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $1.20 per share. This is a positive change from Pool’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, May 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.59%. Pool’s dividend payout ratio (DPR) is 37.56%.

Analyst Upgrades and Downgrades

POOL has been the subject of several recent research reports. Stifel Nicolaus lowered their price target on shares of Pool from $370.00 to $360.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Robert W. Baird lowered their price target on shares of Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a research report on Tuesday, June 25th. Wells Fargo & Company lowered 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. Bank of America lowered their price target on shares of Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. Finally, Loop Capital lowered their price target on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $328.00.

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.