Magnolia Capital Advisors LLC Acquires 56 Shares of Pool Co. (NASDAQ:POOL)

Magnolia Capital Advisors LLC lifted its position in Pool Co. (NASDAQ:POOL) by 8.9% during the second quarter, Holdings Channel reports. The institutional investor owned 683 shares of the specialty retailer’s stock after buying an additional 56 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in Pool were worth $210,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of POOL. Advisory Services Network LLC purchased a new position in shares of Pool in the 4th quarter worth approximately $187,000. Steward Partners Investment Advisory LLC grew its position in shares of Pool by 5.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 855 shares of the specialty retailer’s stock worth $341,000 after buying an additional 44 shares during the last quarter. Bank of Nova Scotia grew its position in shares of Pool by 33.5% in the 4th quarter. Bank of Nova Scotia now owns 4,816 shares of the specialty retailer’s stock worth $1,920,000 after buying an additional 1,209 shares during the last quarter. Alberta Investment Management Corp grew its position in shares of Pool by 1.7% in the 4th quarter. Alberta Investment Management Corp now owns 4,545 shares of the specialty retailer’s stock worth $1,812,000 after buying an additional 75 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Pool by 1.2% during the 4th quarter. California State Teachers Retirement System now owns 61,270 shares of the specialty retailer’s stock worth $24,429,000 after purchasing an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on POOL shares. Bank of America cut their price target on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 25th. 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. Stifel Nicolaus upped their price target on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company upped their price target on shares of Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $350.00.

Pool Stock Up 1.1 %

NASDAQ:POOL opened at $376.80 on Tuesday. The firm has a market capitalization of $14.44 billion, a P/E ratio of 29.48, a PEG ratio of 2.73 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 company’s fifty day moving average price is $354.01 and its 200-day moving average price is $357.79. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.74 billion. During the same period in the prior year, the firm posted $5.89 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Pool Co. will post 10.99 EPS for the current year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio (DPR) is presently 37.56%.

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.