According to the latest 13F filing with the Securities and Exchange Commission (SEC) released on September 27, 2023, FDx Advisors Inc. has reduced its stake in Pool Co. (NASDAQ:POOL) by 33.4% during the second quarter of this year. The filing reveals that the investment firm now holds 3,338 shares of Pool’s stock after selling off 1,672 shares within the quarter. As of the end of the most recent quarter, FDx Advisors Inc.’s holdings in Pool were valued at $1,250,000.
Furthermore, Pool Co. recently declared a quarterly dividend for its shareholders. On Thursday, August 24th, this dividend was paid out to stockholders who were recorded as being shareholders on Thursday, August 10th. Each shareholder received a $1.10 dividend per share held. For investors calculating their annual returns based on this dividend payout, it amounts to $4.40 per share annually with a dividend yield of 1.30%. Importantly, these figures are noteworthy considering that the ex-dividend date for this particular dividend was Wednesday, August 9th.
Pool’s current dividend payout ratio (DPR) stands at 29.16%, as stated in their most recent filings. The DPR is a measure of how much of a company’s earnings are dedicated towards paying dividends to its shareholders.
While analyzing such financial data can be crucial for investors and market analysts alike when assessing an investment opportunity or gauging market trends, it is important to note that past performance does not always guarantee future results.
Investors should exercise caution and thoroughly analyze all relevant factors before making any investment decisions regarding Pool Co.’s stocks or any other asset class they plan to invest in.
As always with financial matters and investments in particular, it is recommended that individuals seek professional advice from financial advisors who possess expertise in navigating and analyzing complex market dynamics. These professionals can provide valuable insights and assist investors in making sound investment decisions based on their unique financial goals, risk tolerance, and time horizon.
In conclusion, FDx Advisors Inc. has decreased its holdings in Pool Co., according to the recent 13F filing with the SEC. Pool Co. has also announced a quarterly dividend for its shareholders, which was paid out on August 24th. Investors of record as of August 10th received a $1.10 dividend per share held. With a dividend payout ratio (DPR) currently at 29.16%, Pool’s dividend is an important consideration for investors.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice or a recommendation to buy or sell any investment product. Please consult with a professional advisor before making any investment decisions.
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Institutional Investors Show Confidence in Pool Corporation as Retailer Faces Market Challenges
Institutional investors have been actively buying and selling shares of Pool Corporation (POOL), a specialty retailer in the United States. Tributary Capital Management LLC, for instance, raised its holdings in Pool by 40.1% during the second quarter, now owning 1,205 shares valued at $451,000. Copeland Capital Management LLC also increased its stake by 20.1%, resulting in ownership of 106,157 shares worth $39,771,000.
Similarly, Xponance Inc. saw their holdings in Pool rise by 1.4%, with ownership of 9,090 shares valued at $3,405,000. Perpetual Ltd’s stake went up by 2.2%, now holding 9,727 shares valued at $3,644,000. Lastly, Sugarloaf Wealth Management LLC witnessed growth in their Pool holdings by an impressive 21.9%, currently owning 278 shares worth $104,000.
These institutional investors collectively own a staggering 98.99% of Pool’s stock.
In addition to these trading activities within the institutional investor realm, several research firms have commented on POOL recently. StockNews.com initiated coverage on Pool with a “hold” rating for the company back on Thursday, August 17th.
The praise continued as Oppenheimer raised their target price on Pool from $375.00 to $380.00 and provided an “outperform” rating on Friday, July 21st. Stifel Nicolaus added to the accolades by increasing their price target from $320.00 to $350.00 on Monday July 17th.
The consensus among analysts remains largely positive but ultimately mixed as there is one sell rating accompanying four hold ratings and six buy ratings assigned to the stock. Bloomberg reports that the average rating given to POOL is “Hold,” with an average price target set at $386.70.
On Wednesday, September 27th, Pool stock opened at $338.28. The company’s financials show a debt-to-equity ratio of 0.79, a quick ratio of 0.91, and a current ratio of 2.72. Furthermore, Pool has a fifty-day moving average of $363.19 and a two-hundred day moving average of $351.42.
By market capitalization, Pool is valued at approximately $13.21 billion with a price-to-earnings (P/E) ratio of 22.42 and a price/earnings-to-growth (PEG) ratio of 4.45. Its beta stands at 0.98.
Moving on to Pool’s quarterly performance, the company reported earnings for the most recent quarter on Thursday, July 20th. During this period, they posted earnings per share (EPS) of $5.89, which fell short of analysts’ consensus estimated EPS of $6.01 by ($0.12). It is worth noting that despite missing estimates, Pool displayed an impressive return on equity (ROE) standing at 45.78% along with a net margin of 10.32%.
The company’s revenue for the quarter totaled $1.86 billion compared to the consensus estimate of $1.89 billion, marking a decline of 9.7% year-over-year.
In summary, institutional investors have been actively trading Pool Corporation stock recently, demonstrating their confidence in the specialty retailer’s potential for growth and profitability in the marketplace.
Pool has garnered positive attention from various research firms as well with predominantly favorable ratings and increased target prices assigned to their stock.
As Pool Corporation continues its journey within the retail sector amid market uncertainties and challenges faced during the COVID-19 pandemic, investors eagerly await its future performance and subsequent earnings reports to further assess its resilience and staying power in an ever-changing landscape.
