Pool Corporation (POOL) Stake Lifted by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Pool Corporation (NASDAQ:POOL) by 13.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,606 shares of the specialty retailer’s stock after acquiring an additional 185 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Pool Corporation were worth $189,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in POOL. BlackRock Inc. lifted its holdings in shares of Pool Corporation by 12,429.3% during the 1st quarter. BlackRock Inc. now owns 3,260,758 shares of the specialty retailer’s stock worth $389,106,000 after acquiring an additional 3,234,733 shares during the period. Columbia Wanger Asset Management LLC lifted its holdings in shares of Pool Corporation by 188.9% during the 1st quarter. Columbia Wanger Asset Management LLC now owns 390,336 shares of the specialty retailer’s stock worth $46,579,000 after acquiring an additional 255,229 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Pool Corporation by 8.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,991,051 shares of the specialty retailer’s stock worth $237,591,000 after acquiring an additional 149,808 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Pool Corporation by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 3,172,624 shares of the specialty retailer’s stock worth $378,589,000 after acquiring an additional 126,641 shares during the period. Finally, Congress Asset Management Co. MA lifted its holdings in shares of Pool Corporation by 24.0% during the 2nd quarter. Congress Asset Management Co. MA now owns 632,525 shares of the specialty retailer’s stock worth $74,366,000 after acquiring an additional 122,244 shares during the period. Institutional investors and hedge funds own 92.29% of the company’s stock.
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Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Pool Corporation from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a report on Tuesday, July 25th. Johnson Rice upgraded shares of Pool Corporation from an “accumulate” rating to a “buy” rating in a report on Monday, July 24th. BidaskClub upgraded shares of Pool Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. Finally, Sidoti upgraded shares of Pool Corporation from a “neutral” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Pool Corporation presently has a consensus rating of “Buy” and a consensus price target of $125.67.
Pool Corporation (NASDAQ:POOL) opened at 104.99 on Friday. The stock’s 50 day moving average is $104.69 and its 200 day moving average is $115.29. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 27.29 and a beta of 0.92. Pool Corporation has a one year low of $88.65 and a one year high of $124.26.
Pool Corporation (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.03). The firm had revenue of $988.16 million for the quarter. Pool Corporation had a net margin of 6.15% and a return on equity of 63.34%. Pool Corporation’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $1.98 EPS. On average, equities analysts forecast that Pool Corporation will post $4.21 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were issued a dividend of $0.37 per share. The ex-dividend date was Monday, August 7th. This represents a $1.48 annualized dividend and a dividend yield of 1.41%. Pool Corporation’s dividend payout ratio is 38.74%.
Pool Corporation Company Profile
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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