XTX Topco Ltd Takes $2.22 Million Position in Pool Co. (NASDAQ:POOL)

XTX Topco Ltd purchased a new stake in Pool Co. (NASDAQ:POOL - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,235 shares of the specialty retailer's stock, valued at approximately $2,224,000.

Several other large investors have also recently added to or reduced their stakes in POOL. Blair William & Co. IL grew its stake in shares of Pool by 1.3% during the second quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer's stock valued at $262,678,000 after acquiring an additional 11,059 shares in the last quarter. Wasatch Advisors LP grew its holdings in Pool by 9.6% during the 1st quarter. Wasatch Advisors LP now owns 525,004 shares of the specialty retailer's stock worth $211,839,000 after acquiring an additional 45,953 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Pool by 26.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer's stock worth $133,125,000 after purchasing an additional 90,951 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Pool by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer's stock valued at $132,244,000 after purchasing an additional 37,598 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Pool by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 343,382 shares of the specialty retailer's stock worth $105,531,000 after purchasing an additional 12,152 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Stock Performance

Shares of NASDAQ POOL traded up $3.16 during midday trading on Thursday, hitting $372.09. 210,896 shares of the company's stock were exchanged, compared to its average volume of 361,369. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The firm has a market cap of $14.26 billion, a P/E ratio of 28.87, a PEG ratio of 2.54 and a beta of 1.00. The stock's 50 day moving average price is $348.41 and its 200-day moving average price is $360.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88.

Pool (NASDAQ:POOL - Get Free Report) last announced 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. The business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $5.89 earnings per share. Equities research analysts anticipate that Pool Co. will post 10.99 EPS for the current year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Thursday, August 15th. Pool's dividend payout ratio is currently 37.56%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus boosted their price objective on Pool from $310.00 to $335.00 and gave the company a "hold" rating in a report on Friday, August 30th. Loop Capital dropped their price target on Pool from $370.00 to $305.00 and set a "hold" rating on the stock in a research report on Tuesday, June 25th. The Goldman Sachs Group lifted their price objective on shares of Pool from $365.00 to $415.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Bank of America dropped their target price on shares of Pool from $338.00 to $290.00 and set an "underperform" rating on the stock in a report on Tuesday, June 25th. Finally, Stephens decreased their price target on shares of Pool from $425.00 to $350.00 and set an "overweight" rating for the company in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued 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 Company 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.