Unique Wealth Strategies LLC Makes New Investment in Pool Co. (NASDAQ:POOL)

Unique Wealth Strategies LLC purchased a new stake in shares of Pool Co. (NASDAQ:POOL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,868 shares of the specialty retailer’s stock, valued at approximately $745,000.

Other large investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Pool during the fourth quarter valued at $28,000. Stuart Chaussee & Associates Inc. grew its holdings in Pool by 250.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 55 shares during the period. CVA Family Office LLC acquired a new position in shares of Pool in the 4th quarter valued at $34,000. Lindbrook Capital LLC boosted its position in shares of Pool by 73.7% in 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 during the period. Finally, Huntington National Bank boosted its position in shares of Pool by 96.7% in the 3rd quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 58 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Stock Up 0.3 %

Shares of Pool stock traded up $1.17 during trading on Friday, hitting $371.17. 437,342 shares of the stock traded hands, compared to its average volume of 372,053. The stock has a market cap of $14.29 billion, a P/E ratio of 29.04, a PEG ratio of 3.53 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.58 and a current ratio of 1.88. Pool Co. has a twelve month low of $307.77 and a twelve month high of $422.73. The company has a fifty day moving average price of $392.78 and a two-hundred day moving average price of $373.76.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02). The firm 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 quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.46 earnings per share. Equities research analysts predict that Pool Co. will post 13.27 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.19%. Pool’s dividend payout ratio is 34.43%.

Insider Activity

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool 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 completion of the sale, the general counsel now directly owns 8,622 shares in the company, valued at approximately $3,457,422. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $370.00 price target on shares of Pool in a research report on Tuesday, March 5th. Oppenheimer raised their price objective on Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Loop Capital lowered Pool from a “buy” rating to a “hold” rating and raised their price objective for the stock from $380.00 to $415.00 in a research report on Monday, January 8th. Finally, TheStreet lowered Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Pool currently has an average rating of “Hold” and an average target price of $397.80.

About Pool

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.