International Assets Investment Management LLC Buys Shares of 363 Pool Co. (NASDAQ:POOL)

International Assets Investment Management LLC bought a new position in Pool Co. (NASDAQ:POOL) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 363 shares of the specialty retailer’s stock, valued at approximately $111,000.

Several other institutional investors have also modified their holdings of POOL. Swedbank AB acquired a new position in Pool in the first quarter valued at approximately $96,528,000. TD Asset Management Inc lifted its stake in shares of Pool by 585.6% in the 4th quarter. TD Asset Management Inc now owns 183,060 shares of the specialty retailer’s stock valued at $72,988,000 after purchasing an additional 156,361 shares during the last quarter. Caledonia Investments PLC purchased a new position in shares of Pool during the 2nd quarter worth $37,390,000. Norges Bank acquired a new stake in shares of Pool during the 4th quarter worth about $44,697,000. Finally, Epoch Investment Partners Inc. raised its holdings in Pool by 711.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 123,419 shares of the specialty retailer’s stock valued at $49,208,000 after buying an additional 108,207 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on POOL shares. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Stifel Nicolaus lifted their target price on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a report on Friday. Wells Fargo & Company upped their price target on Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. The Goldman Sachs Group raised their price target on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Bank of America cut their price objective on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Pool currently has an average rating of “Hold” and a consensus price target of $350.00.

Pool Stock Performance

Shares of POOL opened at $351.62 on Tuesday. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The stock has a market capitalization of $13.48 billion, a PE ratio of 27.51, a PEG ratio of 2.58 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. The stock has a 50-day simple moving average of $337.21 and a 200-day simple moving average of $363.09.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.09. Pool had a net margin of 8.58% and a return on equity of 32.85%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the company earned $5.89 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. On average, analysts predict that Pool Co. will post 10.98 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $1.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.37%. Pool’s dividend payout ratio (DPR) is currently 37.56%.

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.