3,620 Shares in Pool Co. (NASDAQ:POOL) Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new position in Pool Co. (NASDAQ:POOL - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,620 shares of the specialty retailer's stock, valued at approximately $1,113,000.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Pool by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer's stock worth $132,244,000 after purchasing an additional 37,598 shares during the period. Royal London Asset Management Ltd. lifted its position in Pool by 3.8% during the second quarter. Royal London Asset Management Ltd. now owns 18,750 shares of the specialty retailer's stock valued at $5,762,000 after buying an additional 689 shares during the period. Prudential PLC grew its holdings in Pool by 13.4% in the second quarter. Prudential PLC now owns 14,687 shares of the specialty retailer's stock worth $4,514,000 after purchasing an additional 1,734 shares during the period. First Foundation Advisors raised its position in shares of Pool by 5.5% in the 2nd quarter. First Foundation Advisors now owns 6,703 shares of the specialty retailer's stock worth $2,060,000 after purchasing an additional 350 shares during the last quarter. Finally, Quest Partners LLC increased its position in shares of Pool by 2,590.0% during the second quarter. Quest Partners LLC now owns 4,573 shares of the specialty retailer's stock valued at $1,405,000 after acquiring an additional 4,403 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

Pool Price Performance

Shares of POOL traded up $9.53 during trading hours on Friday, hitting $356.02. 191,258 shares of the company were exchanged, compared to its average volume of 362,543. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. The company has a market capitalization of $13.62 billion, a PE ratio of 27.11, a PEG ratio of 2.54 and a beta of 1.00. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The firm has a fifty day simple moving average of $343.29 and a 200-day simple moving average of $361.09.

Pool (NASDAQ:POOL - Get Free Report) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company earned $5.89 earnings per share. The business's revenue was down 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that Pool Co. will post 10.99 earnings per share for the current year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Thursday, August 15th. Pool's dividend payout ratio (DPR) is currently 37.56%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on POOL shares. StockNews.com downgraded Pool from a "hold" rating to a "sell" rating in a research note on Wednesday, August 7th. Robert W. Baird raised their target price on shares of Pool from $305.00 to $377.00 and gave the company a "neutral" rating in a research report on Friday, July 26th. The Goldman Sachs Group increased their price target on shares of Pool from $365.00 to $415.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Stephens reduced their price target on Pool from $425.00 to $350.00 and set an "overweight" rating for the company in a report on Tuesday, June 25th. Finally, Loop Capital cut their price objective on shares of Pool from $370.00 to $305.00 and set a "hold" rating for the company in a research report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $350.00.

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.