Tyers Asset Management LLC Buys 644 Shares of Pool Co. (NASDAQ:POOL)

Tyers Asset Management LLC increased its stake in Pool Co. (NASDAQ:POOL) by 9.7% during the second quarter, Holdings Channel.com reports. The firm owned 7,280 shares of the specialty retailer’s stock after purchasing an additional 644 shares during the quarter. Tyers Asset Management LLC’s holdings in Pool were worth $1,390,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in POOL. Geode Capital Management LLC lifted its stake in Pool by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 404,749 shares of the specialty retailer’s stock worth $60,165,000 after purchasing an additional 27,737 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Pool during the 1st quarter worth about $231,000. BNP Paribas Arbitrage SA raised its position in shares of Pool by 121.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,442 shares of the specialty retailer’s stock worth $238,000 after acquiring an additional 792 shares in the last quarter. First Republic Investment Management Inc. lifted its stake in Pool by 4.0% during the first quarter. First Republic Investment Management Inc. now owns 5,039 shares of the specialty retailer’s stock worth $831,000 after purchasing an additional 194 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in Pool by 1.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 44,948 shares of the specialty retailer’s stock worth $7,415,000 after purchasing an additional 770 shares during the last quarter. Institutional investors own 95.70% of the company’s stock.

Several equities analysts have commented on POOL shares. Zacks Investment Research upgraded shares of Pool from a “sell” rating to a “hold” rating and set a $209.00 price target on the stock in a research note on Monday, August 12th. Robert W. Baird set a $192.00 price objective on shares of Pool and gave the stock a “buy” rating in a research report on Friday, July 19th. BidaskClub downgraded shares of Pool from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Sidoti cut shares of Pool from a “buy” rating to a “neutral” rating and set a $215.00 target price for the company. in a report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $189.40.

In other news, Vice Chairman De La Mesa Manuel J. Perez sold 4,443 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $192.63, for a total transaction of $855,855.09. Following the completion of the sale, the insider now owns 64,145 shares in the company, valued at $12,356,251.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Peter D. Arvan purchased 300 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average cost of $187.93 per share, for a total transaction of $56,379.00. Following the acquisition, the chief executive officer now owns 38,733 shares of the company’s stock, valued at $7,279,092.69. The disclosure for this purchase can be found here. In the last quarter, insiders sold 48,965 shares of company stock valued at $9,560,885. 6.00% of the stock is owned by company insiders.

Shares of POOL traded down $0.03 during midday trading on Wednesday, reaching $187.75. 10,370 shares of the stock were exchanged, compared to its average volume of 198,518. The business’s 50-day moving average price is $194.82 and its 200 day moving average price is $181.09. The company has a debt-to-equity ratio of 2.30, a current ratio of 2.35 and a quick ratio of 0.97. Pool Co. has a twelve month low of $136.83 and a twelve month high of $204.97. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 1.43 and a beta of 0.90.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, July 18th. The specialty retailer reported $3.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.21 by $0.01. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.16 billion. Pool had a return on equity of 82.89% and a net margin of 8.14%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.80 EPS. As a group, equities research analysts expect that Pool Co. will post 5.81 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Wednesday, August 14th. Pool’s dividend payout ratio (DPR) is 39.15%.

Pool Profile

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.

Read More: Cost of Goods Sold (COGS)

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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