Pool Corporation (POOL) Stake Maintained by Weik Investment Services Inc.
Weik Investment Services Inc. maintained its stake in Pool Corporation (NASDAQ:POOL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,800 shares of the specialty retailer’s stock at the end of the 2nd quarter. Weik Investment Services Inc.’s holdings in Pool Corporation were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Pool Corporation by 1.3% during the second quarter. BlackRock Inc. now owns 3,302,906 shares of the specialty retailer’s stock valued at $388,322,000 after purchasing an additional 42,148 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Pool Corporation by 1.4% in the second quarter. Vanguard Group Inc. now owns 3,218,512 shares of the specialty retailer’s stock worth $378,401,000 after purchasing an additional 45,888 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in Pool Corporation by 11.0% in the second quarter. Eagle Asset Management Inc. now owns 1,125,341 shares of the specialty retailer’s stock worth $132,306,000 after purchasing an additional 111,250 shares during the last quarter. State Street Corp boosted its holdings in Pool Corporation by 1.4% in the first quarter. State Street Corp now owns 1,099,499 shares of the specialty retailer’s stock worth $131,204,000 after purchasing an additional 14,962 shares during the last quarter. Finally, FMR LLC boosted its holdings in Pool Corporation by 2.1% in the second quarter. FMR LLC now owns 1,098,147 shares of the specialty retailer’s stock worth $129,109,000 after purchasing an additional 22,236 shares during the last quarter. Hedge funds and other institutional investors own 92.14% of the company’s stock.
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A number of equities research analysts have commented on POOL shares. Zacks Investment Research raised shares of Pool Corporation from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research report on Friday, June 16th. BidaskClub cut Pool Corporation from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Sidoti raised Pool Corporation from a “neutral” rating to a “buy” rating and increased their price target for the company from $119.00 to $131.00 in a report on Friday, September 15th. Finally, Johnson Rice upgraded Pool Corporation from an “accumulate” rating to a “buy” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $127.00.
Shares of Pool Corporation (NASDAQ:POOL) traded up 2.09% during trading on Monday, hitting $110.43. 80,103 shares of the stock traded hands. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 28.71 and a beta of 0.92. The stock has a 50 day moving average of $104.62 and a 200 day moving average of $115.15. Pool Corporation has a 52-week low of $88.65 and a 52-week high of $124.26.
Pool Corporation (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.03). Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%. The business had revenue of $988.16 million during the quarter. During the same quarter in the previous year, the business posted $1.98 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts expect that Pool Corporation will post $4.11 EPS for the current year.
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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