Fulton Bank N.A. Acquires 68 Shares of Pool Co. (NASDAQ:POOL)

Fulton Bank N.A. boosted its holdings in shares of Pool Co. (NASDAQ:POOL) by 4.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,594 shares of the specialty retailer’s stock after buying an additional 68 shares during the period. Fulton Bank N.A.’s holdings in Pool were worth $490,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wedmont Private Capital lifted its stake in Pool by 5.4% during the first quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer’s stock worth $236,000 after purchasing an additional 30 shares during the last quarter. Czech National Bank lifted its stake in Pool by 0.4% during the first quarter. Czech National Bank now owns 6,805 shares of the specialty retailer’s stock worth $2,746,000 after purchasing an additional 30 shares during the last quarter. TIAA Trust National Association lifted its stake in Pool by 4.2% during the first quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock worth $301,000 after purchasing an additional 30 shares during the last quarter. Great Lakes Advisors LLC lifted its stake in Pool by 1.2% during the fourth quarter. Great Lakes Advisors LLC now owns 2,724 shares of the specialty retailer’s stock worth $1,086,000 after purchasing an additional 31 shares during the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC lifted its stake in Pool by 6.1% during the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 640 shares of the specialty retailer’s stock worth $257,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on POOL shares. Bank of America dropped their price target on Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th. The Goldman Sachs Group boosted their target price on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Loop Capital lowered their target price on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday, June 25th. Robert W. Baird boosted their target price on Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, Stephens lowered their target price on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $347.22.

Pool Stock Down 0.5 %

Shares of POOL traded down $1.60 during mid-day trading on Wednesday, reaching $352.93. The company had a trading volume of 150,529 shares, compared to its average volume of 376,432. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. The firm has a 50-day moving average price of $335.91 and a 200 day moving average price of $367.38. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The company has a market capitalization of $13.53 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 2.69 and a beta of 1.00.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. The firm had revenue of $1.77 billion for 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 business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.89 EPS. On average, sell-side analysts forecast that Pool Co. will post 10.95 EPS for the current year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be given a $1.20 dividend. The ex-dividend date is Thursday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.36%. Pool’s dividend payout ratio (DPR) is presently 37.56%.

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.