Freedom Day Solutions LLC Acquires Shares of 4,399 Pool Co. (NASDAQ:POOL)

Freedom Day Solutions LLC bought a new stake in Pool Co. (NASDAQ:POOL) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,399 shares of the specialty retailer’s stock, valued at approximately $1,775,000.

Other large investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Pool during the fourth quarter worth about $28,000. Stuart Chaussee & Associates Inc. raised its stake in shares of Pool by 250.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock worth $31,000 after buying an additional 55 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Pool in the 4th quarter valued at approximately $34,000. Lindbrook Capital LLC boosted its stake in shares of Pool by 73.7% in the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 42 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in Pool by 96.7% in the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 58 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on POOL. TheStreet cut shares of Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Stifel Nicolaus reduced their price target on shares of Pool from $370.00 to $360.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Finally, Oppenheimer lowered their price target on Pool from $436.00 to $416.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Pool currently has an average rating of “Hold” and an average price target of $391.80.

Insider Buying and Selling at Pool

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the transaction, the general counsel now directly owns 8,622 shares in the company, valued at $3,457,422. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

Pool Price Performance

Shares of POOL traded down $2.51 during mid-day trading on Thursday, reaching $365.09. 382,346 shares of the company’s stock were exchanged, compared to its average volume of 327,830. The company has a 50-day simple moving average of $381.98 and a two-hundred day simple moving average of $378.86. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 3.87 and a beta of 1.01. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. Pool Co. has a 52-week low of $307.77 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The firm’s revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.46 EPS. On average, sell-side analysts predict that Pool Co. will post 13.02 EPS for the current fiscal year.

Pool Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, May 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.31%. This is a positive change from Pool’s previous quarterly dividend of $1.10. Pool’s dividend payout ratio (DPR) is 37.56%.

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.