Apollon Wealth Management LLC Raises Stock Holdings in Pool Co. (NASDAQ:POOL)

Apollon Wealth Management LLC boosted its holdings in Pool Co. (NASDAQ:POOL) by 223.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,692 shares of the specialty retailer’s stock after purchasing an additional 1,859 shares during the period. Apollon Wealth Management LLC’s holdings in Pool were worth $1,074,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC purchased a new stake in Pool during the 4th quarter worth about $28,000. Stuart Chaussee & Associates Inc. boosted its holdings in Pool by 250.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 55 shares during the period. CVA Family Office LLC purchased a new position in shares of Pool during the 4th quarter valued at $34,000. Lindbrook Capital LLC grew its position in shares of Pool by 73.7% during the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 42 shares in the last quarter. Finally, Huntington National Bank grew its position in Pool by 96.7% during the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after buying an additional 58 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Trading Up 2.0 %

Shares of POOL stock opened at $373.00 on Friday. The business has a 50-day moving average of $388.83 and a 200 day moving average of $375.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. Pool Co. has a 1-year low of $307.77 and a 1-year high of $422.73. The stock has a market capitalization of $14.30 billion, a PE ratio of 29.19, a P/E/G ratio of 3.80 and a beta of 1.01.

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

Pool Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This is a boost from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a dividend yield of 1.29%. Pool’s dividend payout ratio (DPR) is presently 37.56%.

Analyst Ratings Changes

POOL has been the topic of several research analyst reports. Stifel Nicolaus decreased their price objective on shares of Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Oppenheimer reduced their target price on Pool from $436.00 to $416.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Finally, TheStreet lowered Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $391.80.

Insider Activity at Pool

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total transaction of $441,100.00. Following the sale, the general counsel now owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by corporate insiders.

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.