Benjamin F. Edwards & Company Inc. Grows Stock Position in Pool Co. (NASDAQ:POOL)

Benjamin F. Edwards & Company Inc. grew its holdings in Pool Co. (NASDAQ:POOL) by 16,654.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,762 shares of the specialty retailer’s stock after purchasing an additional 49,465 shares during the period. Benjamin F. Edwards & Company Inc. owned about 0.13% of Pool worth $19,840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of POOL. New York Life Investment Management LLC increased its stake in shares of Pool by 0.5% during the third quarter. New York Life Investment Management LLC now owns 5,687 shares of the specialty retailer’s stock valued at $2,025,000 after buying an additional 30 shares during the period. Assetmark Inc. grew its stake in Pool by 12.2% in the third quarter. Assetmark Inc. now owns 321 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 35 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Pool by 39.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 36 shares during the last quarter. Private Advisor Group LLC grew its stake in Pool by 4.5% in the third quarter. Private Advisor Group LLC now owns 882 shares of the specialty retailer’s stock valued at $314,000 after purchasing an additional 38 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in Pool by 4.6% in the fourth quarter. Avior Wealth Management LLC now owns 889 shares of the specialty retailer’s stock valued at $354,000 after purchasing an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Trading Up 0.2 %

NASDAQ POOL traded up $0.61 on Thursday, reaching $360.11. 368,792 shares of the company were exchanged, compared to its average volume of 335,481. The business’s fifty day moving average price is $391.39 and its 200 day moving average price is $374.27. The stock has a market capitalization of $13.80 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 3.78 and a beta of 1.01. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. Pool Co. has a fifty-two week low of $307.77 and a fifty-two week high of $422.73.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the firm posted $2.46 EPS. Analysts forecast that Pool Co. will post 13.03 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Wednesday, March 13th. Pool’s dividend payout ratio (DPR) is presently 34.43%.

Insider Activity

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the transaction, the general counsel now owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Stifel Nicolaus lowered their price target on Pool from $370.00 to $360.00 and set a “hold” rating for the company in a report on Monday. Loop Capital downgraded Pool from a “buy” rating to a “hold” rating and raised their price target for the stock from $380.00 to $415.00 in a report on Monday, January 8th. TheStreet downgraded Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Finally, Oppenheimer lowered their price target on Pool from $436.00 to $416.00 and set an “outperform” rating for the company in a report on Monday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $391.80.

About Pool

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.