American Century Companies Inc. Boosts Holdings in Pool Co. (NASDAQ:POOL)

American Century Companies Inc. raised its stake in shares of Pool Co. (NASDAQ:POOL) by 9.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,300 shares of the specialty retailer’s stock after buying an additional 37,598 shares during the quarter. American Century Companies Inc.’s holdings in Pool were worth $132,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blair William & Co. IL grew its stake in Pool by 6.0% during the first quarter. Blair William & Co. IL now owns 843,650 shares of the specialty retailer’s stock valued at $340,413,000 after acquiring an additional 47,640 shares in the last quarter. Wasatch Advisors LP grew its position in shares of Pool by 9.6% during the first quarter. Wasatch Advisors LP now owns 525,004 shares of the specialty retailer’s stock valued at $211,839,000 after purchasing an additional 45,953 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Pool by 26.6% in the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock worth $133,125,000 after purchasing an additional 90,951 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Pool by 12.6% in the fourth quarter. Baird Financial Group Inc. now owns 334,839 shares of the specialty retailer’s stock worth $133,504,000 after buying an additional 37,348 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Pool by 37.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 332,462 shares of the specialty retailer’s stock worth $132,556,000 after buying an additional 90,145 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on POOL. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Oppenheimer upped their price target on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Loop Capital dropped their price objective on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday, June 25th. Bank of America decreased their target price on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Finally, Stephens dropped their target price on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Pool has a consensus rating of “Hold” and an average target price of $350.00.

Pool Trading Up 2.8 %

Shares of NASDAQ POOL opened at $356.02 on Friday. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. 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 company has a market cap of $13.62 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.54 and a beta of 1.00. The business’s 50 day moving average price is $343.29 and its 200-day moving average price is $361.09.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $5.89 earnings per share. On average, sell-side analysts expect that Pool Co. will post 10.99 earnings per share for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $1.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.35%. Pool’s dividend payout ratio (DPR) is 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.