Northwestern Mutual Investment Management Company LLC raised its holdings in Pool Corporation (NASDAQ:POOL) by 2.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,254 shares of the specialty retailer’s stock after acquiring an additional 161 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Pool Corporation were worth $682,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in POOL. FNY Partners Fund LP purchased a new position in shares of Pool Corporation in the first quarter valued at $126,000. Huntington National Bank increased its position in shares of Pool Corporation by 27.9% in the second quarter. Huntington National Bank now owns 1,481 shares of the specialty retailer’s stock valued at $174,000 after buying an additional 323 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Pool Corporation in the second quarter valued at $188,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Pool Corporation by 13.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,606 shares of the specialty retailer’s stock valued at $189,000 after buying an additional 185 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Pool Corporation in the first quarter valued at $228,000. 92.29% of the stock is owned by institutional investors.
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Pool Corporation (NASDAQ:POOL) opened at 102.13 on Monday. The stock has a market cap of $4.21 billion, a PE ratio of 26.55 and a beta of 0.92. The stock has a 50 day moving average price of $105.21 and a 200-day moving average price of $115.72. Pool Corporation has a 12 month low of $88.64 and a 12 month high of $124.25.
Pool Corporation (NASDAQ:POOL) last announced its quarterly earnings data 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. The firm had revenue of $988.16 million during the quarter. Pool Corporation had a net margin of 6.15% and a return on equity of 63.34%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the business posted $1.98 EPS. On average, analysts expect that Pool Corporation will post $4.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $1.48 annualized dividend and a dividend yield of 1.45%. Pool Corporation’s dividend payout ratio (DPR) is 38.74%.
A number of brokerages have recently weighed in on POOL. Zacks Investment Research upgraded Pool Corporation from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research report on Tuesday, July 25th. BidaskClub upgraded Pool Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Finally, Johnson Rice upgraded Pool Corporation from an “accumulate” rating to a “buy” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $125.67.
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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