TimesSquare Capital Management LLC Acquires 27,890 Shares of Pool Co. (NASDAQ:POOL)

TimesSquare Capital Management LLC lifted its position in shares of Pool Co. (NASDAQ:POOL) by 22.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,314 shares of the specialty retailer’s stock after purchasing an additional 27,890 shares during the quarter. TimesSquare Capital Management LLC owned about 0.40% of Pool worth $61,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC bought a new position in shares of Pool during the 4th quarter valued at $28,000. Stuart Chaussee & Associates Inc. increased its holdings in Pool by 250.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 55 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Pool in the 4th quarter worth about $34,000. Lindbrook Capital LLC increased its holdings in shares of Pool by 73.7% in the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after buying an additional 42 shares during the last quarter. Finally, Huntington National Bank grew its position in Pool by 96.7% in the 3rd quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on POOL shares. TheStreet lowered Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Stifel Nicolaus dropped their target price on Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. Finally, Oppenheimer lowered their price target on Pool from $436.00 to $416.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $391.80.

Insider Transactions at Pool

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool stock in a transaction on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the transaction, the general counsel now owns 8,622 shares in the company, valued at approximately $3,457,422. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

Pool Price Performance

Shares of Pool stock traded up $7.18 on Thursday, hitting $373.00. The company’s stock had a trading volume of 210,078 shares, compared to its average volume of 334,199. Pool Co. has a 1 year low of $307.77 and a 1 year high of $422.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88. The firm has a fifty day moving average price of $389.33 and a 200-day moving average price of $375.31. The company has a market capitalization of $14.30 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 3.80 and a beta of 1.01.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a return on equity of 35.49% and a net margin of 9.17%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the firm earned $2.46 EPS. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pool Co. will post 13.02 earnings per share for the current fiscal year.

Pool Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Wednesday, May 15th. This is a positive change from Pool’s previous quarterly dividend of $1.10. Pool’s payout ratio is currently 37.56%.

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.