Pool Corporation (POOL) Position Raised by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans increased its position in shares of Pool Corporation (NASDAQ:POOL) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,350 shares of the specialty retailer’s stock after purchasing an additional 590 shares during the period. Thrivent Financial For Lutherans’ holdings in Pool Corporation were worth $982,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Laurion Capital Management LP acquired a new stake in Pool Corporation during the second quarter worth about $423,000. BlueMountain Capital Management LLC increased its position in Pool Corporation by 4.9% during the second quarter. BlueMountain Capital Management LLC now owns 3,855 shares of the specialty retailer’s stock worth $453,000 after purchasing an additional 179 shares during the last quarter. Amalgamated Bank increased its position in Pool Corporation by 24.9% during the second quarter. Amalgamated Bank now owns 8,128 shares of the specialty retailer’s stock worth $956,000 after purchasing an additional 1,619 shares during the last quarter. BlackRock Inc. increased its position in Pool Corporation by 1.3% during the second quarter. BlackRock Inc. now owns 3,302,906 shares of the specialty retailer’s stock worth $388,322,000 after purchasing an additional 42,148 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in Pool Corporation by 14.9% during the second quarter. Nationwide Fund Advisors now owns 434,187 shares of the specialty retailer’s stock worth $51,047,000 after purchasing an additional 56,462 shares during the last quarter. Hedge funds and other institutional investors own 92.14% of the company’s stock.
POOL has been the subject of several recent analyst reports. BidaskClub cut shares of Pool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research cut shares of Pool Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Sidoti upgraded shares of Pool Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $119.00 to $131.00 in a research report on Friday, September 15th. Finally, Johnson Rice upgraded shares of 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 five have assigned a buy rating to the company. Pool Corporation currently has a consensus rating of “Buy” and a consensus price target of $127.00.
Shares of Pool Corporation (NASDAQ POOL) opened at 111.49 on Friday. The firm’s 50 day moving average is $105.23 and its 200-day moving average is $114.36. The firm has a market capitalization of $4.60 billion, a PE ratio of 28.98 and a beta of 0.92. Pool Corporation has a 12 month low of $88.65 and a 12 month high of $124.26.
Pool Corporation (NASDAQ:POOL) last released its earnings results on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.03). Pool Corporation had a net margin of 6.15% and a return on equity of 63.34%. The firm had revenue of $988.16 million during the quarter. During the same quarter last year, the business posted $1.98 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts expect that Pool Corporation will post $4.11 EPS for the current fiscal year.
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About Pool Corporation
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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