Curated Wealth Partners LLC Buys Shares of 682 Pool Co. (NASDAQ:POOL)

Curated Wealth Partners LLC bought a new stake in shares of Pool Co. (NASDAQ:POOL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 682 shares of the specialty retailer’s stock, valued at approximately $217,000.

Other large investors have also recently made changes to their positions in the company. Focus Partners Wealth raised its position in shares of Pool by 907.2% in the 4th quarter. Focus Partners Wealth now owns 37,399 shares of the specialty retailer’s stock worth $12,768,000 after acquiring an additional 33,686 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Pool by 816.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock worth $13,601,000 after acquiring an additional 36,403 shares in the last quarter. L. Roy Papp & Associates LLP bought a new position in shares of Pool in the 4th quarter worth $653,000. World Equity Group Inc. bought a new position in shares of Pool in the 4th quarter worth $272,000. Finally, Landscape Capital Management L.L.C. raised its position in shares of Pool by 104.0% in the 4th quarter. Landscape Capital Management L.L.C. now owns 3,778 shares of the specialty retailer’s stock worth $1,288,000 after acquiring an additional 1,926 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Jennifer M. Neil sold 1,223 shares of Pool stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $315.00, for a total transaction of $385,245.00. Following the transaction, the senior vice president now owns 9,667 shares in the company, valued at approximately $3,045,105. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on POOL. Stephens reduced their price target on Pool from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Stifel Nicolaus set a $300.00 target price on Pool in a research note on Friday, April 25th. Robert W. Baird lowered their target price on Pool from $325.00 to $310.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Wall Street Zen downgraded Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Pool in a research report on Tuesday, April 1st. They set a “hold” rating and a $344.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Pool currently has an average rating of “Hold” and a consensus price target of $336.22.

Pool Stock Performance

NASDAQ POOL opened at $298.25 on Tuesday. The company has a market cap of $11.21 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.03 and a beta of 1.12. The stock’s 50 day simple moving average is $304.17 and its 200-day simple moving average is $331.35. Pool Co. has a 1-year low of $284.28 and a 1-year high of $395.60. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.10). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Pool had a net margin of 8.18% and a return on equity of 31.11%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.85 EPS. As a group, equities research analysts anticipate that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool declared that its Board of Directors has approved a share buyback program on Wednesday, April 30th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Pool Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, May 15th. This is an increase from Pool’s previous quarterly dividend of $1.20. Pool’s dividend payout ratio (DPR) is 46.90%.

Pool 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.