SOA Wealth Advisors LLC. bought a new stake in shares of Pool Co. (NASDAQ:POOL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 247 shares of the specialty retailer’s stock, valued at approximately $86,000.
Other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. purchased a new stake in Pool in the 4th quarter worth $34,000. Fieldpoint Private Securities LLC purchased a new stake in Pool in the 4th quarter worth $43,000. IFP Advisors Inc increased its holdings in Pool by 69.7% in the 4th quarter. IFP Advisors Inc now owns 129 shares of the specialty retailer’s stock worth $49,000 after acquiring an additional 53 shares in the last quarter. Rational Advisors LLC purchased a new stake in Pool in the 4th quarter worth $50,000. Finally, Vantage Consulting Group Inc purchased a new stake in Pool in the 4th quarter worth $56,000. 90.62% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Peter D. Arvan purchased 500 shares of the stock in a transaction dated Friday, March 5th. The shares were purchased at an average price of $316.03 per share, with a total value of $158,015.00. Following the transaction, the chief executive officer now owns 59,683 shares in the company, valued at approximately $18,861,618.49. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.00% of the company’s stock.
Shares of POOL stock opened at $356.65 on Thursday. The company’s 50-day moving average price is $337.46 and its 200-day moving average price is $347.49. The company has a current ratio of 2.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.56. The stock has a market cap of $14.32 billion, a price-to-earnings ratio of 44.69 and a beta of 0.72. Pool Co. has a twelve month low of $183.02 and a twelve month high of $401.29.
Pool (NASDAQ:POOL) last announced its quarterly earnings results on Wednesday, February 10th. The specialty retailer reported $1.45 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.68. The firm had revenue of $839.26 million for the quarter, compared to analysts’ expectations of $709.02 million. Pool had a net margin of 8.85% and a return on equity of 70.48%. As a group, equities research analysts predict that Pool Co. will post 8.43 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Thursday, March 11th were given a dividend of $0.58 per share. The ex-dividend date was Wednesday, March 10th. This represents a $2.32 annualized dividend and a dividend yield of 0.65%. Pool’s payout ratio is 39.79%.
A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of Pool from $350.00 to $400.00 and gave the stock a “hold” rating in a report on Friday, January 15th. Zacks Investment Research lowered shares of Pool from a “buy” rating to a “hold” rating and set a $362.00 target price for the company. in a report on Wednesday, March 17th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $306.67.
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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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