Brookstone Capital Management, a prominent investment management firm, has demonstrated its confidence in Pool Co. (NASDAQ:POOL) by substantially increasing its stake in the company during the second quarter of this year. According to the disclosure made by Brookstone Capital Management to the Securities and Exchange Commission, the firm now holds 1,538 shares of Pool’s stock, an increase of 41.4% from its previous holdings. This move signifies Brookstone Capital Management’s strong belief in the potential growth of Pool Co.
As of its most recent filing with the Securities and Exchange Commission, Brookstone Capital Management’s investment in Pool was valued at $563,000. By acquiring an additional 450 shares during the second quarter, Brookstone Capital Management has demonstrated not only its confidence but also its commitment to capitalizing on Pool’s future performance.
In addition to increasing their stake in Pool Co., Brookstone Capital Management is set to benefit from the company’s recent announcement regarding quarterly dividends. The dividend payment was made on Thursday, August 24th, offering investors an attractive return on their investment. Shareholders who held their position as of Thursday, August 10th were entitled to a dividend payout of $1.10 per share.
With a dividend payout ratio currently standing at an impressive 29.16%, Pool Co.’s commitment to rewarding shareholders is evident. Investors can expect an annualized dividend amounting to $4.40 per share and a promising yield of 1.27%. It is worth noting that investors who sold their shares after Wednesday, August 9th would not have been eligible for this dividend payout.
The increase in Brookstone Capital Management’s holdings combined with Pool Co.’s consistent dividend policy reflects positively on the company’s financial stability and growth potential. It showcases both investor confidence and financial performance going forward.
Pool Co., widely recognized as a specialty retailer within its industry, operates with strategic expertise and serves as a valuable investment opportunity. Its commitment to rewarding shareholders through consistent dividend payments is an appealing factor for potential investors seeking long-term stability and growth in their portfolios.
As of September 22, 2023, Pool’s performance and the positive outlook conveyed by Brookstone Capital Management’s increased stake suggest that the company may continue to attract investors looking for a solid investment option.
Updated on: 07/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Loop Capital Markets
Institutional Investors Show Growing Confidence in Pool Co. as Analyst Ratings Remain Mixed
In recent times, there have been notable changes in the positions held by various hedge funds in Pool Co. (NASDAQ:POOL). According to reports, American Century Companies Inc. has increased its stake in the specialty retailer’s stock by 14.6% during the first quarter of this year. The firm now owns 5,536 shares of Pool Co., valued at $2,341,000 after acquiring an additional 704 shares during that period.
Similarly, Panagora Asset Management Inc. experienced a substantial increase of 70.6% in its position in Pool Co. during the first quarter, now holding 3,161 shares valued at $1,337,000 after acquiring an additional 1,308 shares.
Commonwealth of Pennsylvania Public School Empls Retrmt SYS also joined the ranks with a growth rate of 6.6% in their position in Pool Co. With an additional 332 shares acquired during the first quarter, the institution now holds a total of 5,364 shares valued at $2,268,000.
Raymond James Trust N.A., on the other hand, saw its holdings in Pool Co. grow by 14.1% during the same period. They currently hold a total of 1,744 shares worth $738,000 after purchasing an additional 215 shares.
Furthermore, Dimensional Fund Advisors LP raised its stake in Pool Co. by 1.4%, acquiring an additional 3,766 shares and pushing their total holdings to reach 265,934 shares valued at $112,497,000.
These institutional investors combined own approximately 98.99% of Pool Co.’s stock – a significant percentage that highlights their confidence and interest in the company’s performance.
Turning to analyst reports on Pool Co., it is noteworthy that StockNews.com recently initiated coverage on the company with a “hold” rating assigned to its stock as of Thursday, August 17th. Meanwhile, Oppenheimer raised Pool Co.’s price objective from $375.00 to $380.00, giving the company an “outperform” rating in a research note issued on Friday, July 21st. Additionally, Stifel Nicolaus increased their target price for Pool Co. from $320.00 to $350.00 on Monday, July 17th.
Based on data sourced from Bloomberg.com, Pool Co. currently holds a consensus rating of “Hold” among analysts, with an average target price of $386.70.
As of the latest records, Pool Co.’s stock opened at $346.37 on Friday and boasts a market capitalization of approximately $13.53 billion. With a price-to-earnings ratio of 22.95 and a beta of 0.98, the company has displayed its stability and resilience in the market.
Observing its financial position, Pool Co.’s current ratio stands at 2.72 while the quick ratio is reported to be 0.91 – indicators that demonstrate the firm’s ability to meet short-term obligations efficiently.
Additionally, Pool Co.’s debt-to-equity ratio is documented at 0.79 – showcasing its sound financial standing and responsible approach to leverage.
Looking at historical performance, it is worth mentioning that over the past twelve months, Pool Co.’s stock price has ranged between a low of $278.10 and a high of $423.97 – indicating fluctuations but also capturing potential opportunities for investors.
On Thursday, July 20th, Pool Co released its earnings results for the quarter ended June 30th (Q2). Analyst expectations were missed as the specialty retailer reported earnings per share of $5.89 compared to consensus estimates of $6.01 per share – reflecting a difference of ($0.12) per share.
Pool Co.’s quarterly revenue for Q2 was $1.86 billion, slightly below the predicted revenue of $1.89 billion by analysts. It should be noted that this figure represented a 9.7% decline compared to the same quarter last year.
Despite missing estimates, Pool Co. still displayed a solid return on equity at 45.78% and a net margin of 10.32%. It is important to recognize that during the corresponding period in the previous year, the company reported earnings per share of $7.59.
Equity analysts predict Pool Co.’s earnings per share for the current fiscal year will reach 13.32.
In summary, Pool Co., a specialty retailer in focus, has witnessed shifts in positions held by institutional investors recently. While some have increased their stakes with notable figures, others have experienced slight changes or growth rates.
As far as analyst ratings are concerned, varying opinions surface but ultimately settle on an average consensus rating of “Hold,” alongside an expected target price of $386.70.
Looking closer at Pool Co.’s stock metrics and financial position, it is evident that despite fluctuations in its stock price over the year, Pool Co has maintained stability and proven its resilience amidst changing market conditions.
Although its recent earnings report fell short of expectations, Pool Co