On September 5, 2023, it was reported that Sei Investments Co. had increased its stake in shares of Pool Co., a specialty retailer listed on the NASDAQ stock exchange. According to the company’s disclosure with the Securities and Exchange Commission (SEC), Sei Investments Co. raised its position by 31.0% during the first quarter of the year. This increase amounted to an additional 16,353 shares, bringing their total ownership to 69,052 shares.
With this larger stake in Pool Co., Sei Investments Co.’s investment is valued at approximately $23,645,000 at the end of the most recent reporting period. Although this represents about 0.18% of Pool’s overall worth, it signifies an increased level of confidence and interest in the specialty retailer from Sei Investments Co.
In addition to increasing its position in Pool Co., Sei Investments Co.’s announcement coincided with news of a quarterly dividend declared by Pool. The dividend was paid out to investors on August 24th and amounted to $1.10 per share held by those recorded as shareholders on August 10th. When annualized, this dividend amounts to $4.40 per share and provides a yield of 1.20%.
Investors who did not hold Pool’s shares before the ex-dividend date of August 9th would not have been entitled to receive this particular dividend payment.
Given these developments, it is noteworthy that Pool has a current payout ratio of 29.16%. This reveals that around one-third of their earnings are being distributed to shareholders in the form of dividends.
As always, investors are advised to conduct thorough research and analysis before making any investment decisions based on such information.
Overall, Sei Investments Co.’s decision to increase its position in Pool Co., coupled with the payment of a quarterly dividend and details regarding the company’s payout ratio, provide valuable insights into the financial landscape of this specialty retailer. These developments will continue to shape Pool’s future performance and may influence investor sentiment in the months to come.
Pool Corporation
POOL
Strong Buy
Updated on: 06/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Institutional Investors Show Confidence in Pool Co. Despite Earnings Miss
Institutional investors have made significant changes to their holdings of Pool Co., a specialty retailer. One such investor, American Century Companies Inc., increased its position in Pool by 14.6% during the first quarter and now owns 5,536 shares worth $2,341,000. Panagora Asset Management Inc. also grew its holdings in the company by 70.6%, owning 3,161 shares valued at $1,337,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS saw a 6.6% increase in its position in Pool during the first quarter and now owns 5,364 shares worth $2,268,000. Raymond James Trust N.A. raised its stake by 14.1% and holds 1,744 shares worth $738,000. Finally, Dimensional Fund Advisors LP increased its position by 1.4% and now owns 265,934 shares valued at $112,497,000.
Analysts have provided several comments on POOL shares recently as well. StockNews.com initiated coverage with a “hold” rating on the stock on August 17th. Stifel Nicolaus raised their price target to $350 from $320 on July 17th. Additionally, Oppenheimer increased their price target from $375 to $380 and gave the company an “outperform” rating on July 21st.
NASDAQ:POOL opened at $368.18 on September 5th and has seen a 52-week low of $278.10 and a high of $423.97. The stock has shown a fifty-day moving average of $370.57 and a two-hundred-day moving average of $352.55.Although it’s important to note that information up-to-date reference is September 5th.
Pool posted its earnings results on July 20th with an earnings per share (EPS) of $5.89 for the quarter, missing the consensus estimate of $6.01 by ($0.12). The company’s revenue for the quarter was $1.86 billion, falling short of analyst predictions of $1.89 billion. Pool’s return on equity was 45.78% and it held a net margin of 10.32%. Compared to the same period last year, Pool’s revenue declined by 9.7%. Consequently, research analysts anticipate that Pool Co. will post an EPS of 13.32 for this year.
Overall, based on Bloomberg.com data, Pool currently holds a consensus rating of “Hold” from one research analyst who gave a sell rating, four who issued a hold rating, and six who provided a buy rating for the stock. Additionally, there is a consensus target price set at $386.70.
Pool Co., traded as NASDAQ:POOL, operates with a market capitalization of $14.38 billion and has shown a price-to-earnings ratio of 24.40 along with a price-to-earnings-growth ratio of 4.72.The beta value stands at 0.98 and the company possesses a quick ratio of 0.91 with a current ratio of 2.72.Moreover,the debt-to-equity ratio stands at .79 demonstrating sturdy financial position.
In conclusion,it appears that institutional investors are either increasing or maintaining their holdings in Pool Co., showcasing their confidence in the specialty retailer despite its recent earnings miss.Analysts have mixed opinions on the stock with one sell rating,hence indicating possible volatility.Pool Co.’s current stock performance could be attributed to this turbulence and other factors outlined above.The future prospects for Pool Co.will depend heavily on factors such as financial performance and overall market conditions influencing investor sentiment towards the company
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