Shelton Capital Management purchased a new position in Pool Corporation (NASDAQ:POOL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,978 shares of the specialty retailer’s stock, valued at approximately $350,000.
A number of other institutional investors have also bought and sold shares of the business. TPG Group Holdings SBS Advisors Inc. bought a new stake in Pool Corporation in the second quarter worth $2,101,000. Logan Capital Management Inc. lifted its stake in Pool Corporation by 4.4% in the second quarter. Logan Capital Management Inc. now owns 4,127 shares of the specialty retailer’s stock worth $485,000 after purchasing an additional 175 shares during the last quarter. AHL Partners LLP lifted its stake in Pool Corporation by 64.0% in the second quarter. AHL Partners LLP now owns 5,025 shares of the specialty retailer’s stock worth $590,000 after purchasing an additional 1,961 shares during the last quarter. Clinton Group Inc. bought a new stake in Pool Corporation in the second quarter worth $778,000. Finally, Employees Retirement System of Texas lifted its stake in Pool Corporation by 21.9% in the second quarter. Employees Retirement System of Texas now owns 39,000 shares of the specialty retailer’s stock worth $4,585,000 after purchasing an additional 7,000 shares during the last quarter. 92.14% of the stock is owned by institutional investors and hedge funds.
Pool Corporation (NASDAQ:POOL) last released its earnings results on Thursday, October 19th. The specialty retailer reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($1.17). Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%.
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Several research firms have weighed in on POOL. Zacks Investment Research raised shares of Pool Corporation from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research note on Tuesday, July 25th. Johnson Rice raised shares of Pool Corporation from an “accumulate” rating to a “buy” rating in a research note on Monday, July 24th. BidaskClub raised shares of Pool Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Finally, Sidoti raised shares of Pool Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $119.00 to $131.00 in a research note on Friday, September 15th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $127.00.
Pool Corporation Profile
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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