Investors are feeling more bearish on shares of Pool Corporation lately looking at the motion in short interest. The company saw a rise in short interest from August 15, 2017 to August 31, 2017 of 21.69%. Short shares increased from 1,221,388 to 1,486,265 over that timeframe. With short interest at 1,486,265 and short average daily volume at 413,318, the short-interest ratio is 4.0 and the short interest percentage is 0.04% as of August 31.
Here are a few substantial investment firms who have updated their positions. As of quarter end Baird Financial Group, Inc. had acquired 129,582 shares growing its holdings by 56.6%. The value in dollars went from $27,327,000 to $42,159,000 a change of 54.3% since the last quarter. Edge Asset Management, Inc downsized its stake by shedding 33,472 shares a decrease of 35.7% from 12/31/2016 to 03/31/2017. Edge Asset Management, Inc owns 60,312 shares with a value of $7,197,000. The total value of its holdings decreased 26.4%.
Prospect Capital Advisors, LLC added to its investment by buying 5,000 shares an increase of 19.4%. Prospect Capital Advisors, LLC now controls 30,803 shares worth $3,622,000. The value of the position overall is up by 17.6%. As of the end of the quarter Sheaff Brock Investment Advisors, LLC had bought a total of 98 shares growing its stake by 1.3%. The value of the company’s investment in Pool Corporation decreased from $908,000 to $906,000 decreasing 0.2% quarter over quarter.
On September 15 the stock rating was upgraded to “Buy” from “Neutral” by analysts at Sidoti & Co.. On August 25 the company was downgraded from “Hold” to “Sector Weight” in a report issued by KeyBanc.
On July 24, 2017 the stock rating was set at “Buy” by Johnson Rice a boost from the previous “Accumulate” rating.
The company is so far trading up by 0.21% percent from yesterday’s close. Additionally the company declared a dividend that was paid on Wed Aug 23, 2017. The dividend payment was $0.370 per share for the quarter which is $1.48 annualized. The dividend yield was $1.41. The ex-dividend date was Monday the 7th of August 2017.
Company shares last traded at $107.12 barely above $104.62, the 50 day moving average and which is marginally lower than the 200 day moving average of $115.15. The 50 day moving average went up $2.50 or +2.3917% whereas the 200 day moving average was down $-8.03 or -6.9718%.
The P/E ratio is 27.8451 and market cap is 4.42B. As of the latest earnings report the EPS was $3.85 and is projected to be $4.21 for the current year with 41,223,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.22 with next year’s EPS projected to be $4.71.
Pool Corporation, launched on December 29, 1993, 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). The Business’s customers include swimming pool remodelers and builders; specialty retailers that sell swimming pool supplies; swimming pool repair and service businesses; irrigation construction and landscape maintenance contractors, and golf courses and other commercial customers..