Koshinski Asset Management Inc. Increases Stock Holdings in Pool Corporation (NASDAQ:POOL)

Koshinski Asset Management Inc. increased its stake in shares of Pool Corporation (NASDAQ:POOL) by 9.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 892 shares of the specialty retailer’s stock after acquiring an additional 78 shares during the period. Koshinski Asset Management Inc.’s holdings in Pool were worth $284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of POOL. Rakuten Securities Inc. raised its stake in shares of Pool by 2,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 69 shares during the period. Whipplewood Advisors LLC increased its stake in Pool by 471.4% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer’s stock worth $25,000 after buying an additional 66 shares during the period. City Holding Co. purchased a new stake in Pool during the 1st quarter worth $26,000. Atala Financial Inc acquired a new position in Pool in the 4th quarter worth $29,000. Finally, Sentry Investment Management LLC purchased a new position in Pool in the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Down 0.4%

Shares of NASDAQ:POOL opened at $301.55 on Friday. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 3.87 and a beta of 1.10. Pool Corporation has a 1-year low of $282.22 and a 1-year high of $395.60. The company’s fifty day moving average is $300.45 and its two-hundred day moving average is $322.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.53 and a current ratio of 1.79.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.10). Pool had a net margin of 7.77% and a return on equity of 30.11%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the company earned $1.85 EPS. Pool’s quarterly revenue was down 4.4% on a year-over-year basis. Equities analysts anticipate that Pool Corporation will post 11.32 EPS for the current year.

Pool declared that its board has approved a stock repurchase program on Wednesday, April 30th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the specialty retailer to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Pool Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given a $1.25 dividend. The ex-dividend date was Thursday, May 15th. This is a positive change from Pool’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a yield of 1.66%. Pool’s dividend payout ratio (DPR) is currently 46.90%.

Analyst Ratings Changes

POOL has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Pool in a research report on Tuesday, April 1st. They set a “hold” rating and a $344.00 target price on the stock. Wells Fargo & Company set a $300.00 price target on shares of Pool in a research report on Friday, April 25th. Oppenheimer cut their price target on shares of Pool from $370.00 to $322.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Robert W. Baird decreased their price objective on shares of Pool from $325.00 to $310.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Finally, Stephens dropped their target price on shares of Pool from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $342.00.

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.