Pool Co. (NASDAQ:POOL) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in Pool Co. (NASDAQ:POOL - Free Report) by 79.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 53,081 shares of the specialty retailer's stock after buying an additional 23,476 shares during the period. Victory Capital Management Inc. owned about 0.14% of Pool worth $18,098,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in shares of Pool in the fourth quarter worth approximately $30,000. Brooklyn Investment Group acquired a new stake in Pool during the 3rd quarter worth $31,000. Private Trust Co. NA grew its holdings in shares of Pool by 76.9% during the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer's stock worth $47,000 after buying an additional 60 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Pool in the third quarter valued at about $60,000. Finally, YANKCOM Partnership purchased a new position in shares of Pool in the fourth quarter worth about $61,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on POOL shares. StockNews.com downgraded shares of Pool from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Wells Fargo & Company reduced their price objective on Pool from $370.00 to $360.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $368.00.

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Pool Stock Performance

Shares of Pool stock opened at $343.56 on Wednesday. The firm has a market cap of $12.93 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. Pool Co. has a 52 week low of $293.51 and a 52 week high of $420.98. The business's fifty day simple moving average is $343.58 and its 200-day simple moving average is $355.86.

Pool (NASDAQ:POOL - Get Free Report) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.08. The company had revenue of $987.48 million for the quarter, compared to analysts' expectations of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. Equities analysts forecast that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.40%. Pool's payout ratio is presently 42.55%.

Insider Activity at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the transaction, the director now owns 62,577 shares of the company's stock, valued at $21,651,642. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.00% of the company's stock.

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.

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