Academy Capital Management Inc. TX Buys New Shares in Pool Co. (NASDAQ:POOL)
Academy Capital Management Inc. TX bought a new stake in Pool Co. (NASDAQ:POOL – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 17,344 shares of the specialty retailer’s stock, valued at approximately $6,498,000. Pool comprises about 1.3% of Academy Capital Management Inc. TX’s investment portfolio, making the stock its 18th biggest holding.
Several other institutional investors have also recently added to or reduced their stakes in the business. Morgan Stanley grew its position in Pool by 62.4% during the fourth quarter. Morgan Stanley now owns 1,204,052 shares of the specialty retailer’s stock valued at $364,021,000 after acquiring an additional 462,507 shares during the period. JPMorgan Chase & Co. grew its position in Pool by 82.3% during the second quarter. JPMorgan Chase & Co. now owns 552,172 shares of the specialty retailer’s stock valued at $206,866,000 after acquiring an additional 249,357 shares during the period. Artisan Partners Limited Partnership purchased a new stake in Pool during the first quarter valued at about $72,756,000. Westfield Capital Management Co. LP purchased a new stake in Pool during the first quarter valued at about $65,725,000. Finally, Candlestick Capital Management LP purchased a new stake in Pool during the second quarter valued at about $63,689,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have issued reports on POOL. StockNews.com began coverage on Pool in a research report on Thursday, October 5th. They set a “hold” rating for the company. Oppenheimer decreased their target price on Pool from $375.00 to $370.00 and set an “outperform” rating for the company in a research report on Friday, October 20th. Finally, Deutsche Bank Aktiengesellschaft downgraded Pool from a “buy” rating to a “hold” rating and decreased their target price for the stock from $371.00 to $368.00 in a research report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $378.00.
Pool Stock Up 0.2 %
POOL traded up $0.72 on Wednesday, reaching $352.51. The company’s stock had a trading volume of 88,517 shares, compared to its average volume of 402,645. The stock has a market cap of $13.63 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 4.60 and a beta of 0.96. Pool Co. has a 1 year low of $295.95 and a 1 year high of $423.97. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.58 and a quick ratio of 0.81. The business’s 50 day moving average is $340.63 and its 200 day moving average is $352.01.
Pool (NASDAQ:POOL – Get Free Report) last issued its quarterly earnings results on Thursday, October 19th. The specialty retailer reported $3.50 EPS for the quarter, meeting analysts’ consensus estimates of $3.50. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Pool had a return on equity of 39.98% and a net margin of 9.65%. Pool’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.76 earnings per share. As a group, research analysts forecast that Pool Co. will post 13.16 EPS for the current fiscal year.
Pool Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, November 7th. Pool’s dividend payout ratio is currently 31.84%.
Pool Company Profile (Free Report)
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.
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Original: MarketBeat News Feed: Academy Capital Management Inc. TX Buys New Shares in Pool Co. (NASDAQ:POOL)