Rice Hall James & Associates LLC increased its stake in Pool Corporation (NASDAQ:POOL) by 25.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 333,789 shares of the specialty retailer’s stock after buying an additional 68,076 shares during the period. Pool Corporation makes up 1.7% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 5th largest position. Rice Hall James & Associates LLC’s holdings in Pool Corporation were worth $39,244,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. TrimTabs Asset Management LLC bought a new stake in Pool Corporation during the first quarter valued at approximately $124,000. FNY Partners Fund LP bought a new stake in Pool Corporation during the first quarter valued at approximately $126,000. Huntington National Bank raised its stake in Pool Corporation by 27.9% in the second quarter. Huntington National Bank now owns 1,481 shares of the specialty retailer’s stock valued at $174,000 after buying an additional 323 shares during the period. Daiwa Securities Group Inc. bought a new stake in Pool Corporation during the second quarter valued at approximately $188,000. Finally, FCG Advisors LLC bought a new stake in Pool Corporation during the first quarter valued at approximately $214,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.
Shares of Pool Corporation (NASDAQ POOL) opened at 105.88 on Friday. Pool Corporation has a 52 week low of $88.65 and a 52 week high of $124.26. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 27.52 and a beta of 0.91. The firm has a 50-day moving average price of $113.93 and a 200-day moving average price of $116.43.
Pool Corporation (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by $0.03. The firm had revenue of $988.16 million during the quarter. Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.98 EPS. On average, equities analysts anticipate that Pool Corporation will post $4.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. Pool Corporation’s dividend payout ratio is currently 38.74%.
Pool Corporation announced that its board has approved a share repurchase program on Wednesday, May 3rd that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the specialty retailer to reacquire up to 3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
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Several research firms have recently commented on POOL. Zacks Investment Research upgraded Pool Corporation from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research note on Tuesday, July 25th. Johnson Rice upgraded Pool Corporation from an “accumulate” rating to a “buy” rating in a research note on Monday, July 24th. Finally, BidaskClub upgraded Pool Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Five equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $125.67.
Pool Corporation Company 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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