Deutsche Bank AG Has $87.77 Million Stock Position in Pool Co. (NASDAQ:POOL)

Deutsche Bank AG raised its stake in Pool Co. (NASDAQ:POOLGet Rating) by 27.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,883 shares of the specialty retailer’s stock after buying an additional 54,265 shares during the period. Deutsche Bank AG owned 0.63% of Pool worth $87,766,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. OLD National Bancorp IN lifted its holdings in shares of Pool by 3.8% during the first quarter. OLD National Bancorp IN now owns 757 shares of the specialty retailer’s stock worth $320,000 after purchasing an additional 28 shares during the period. Sugarloaf Wealth Management LLC lifted its holdings in shares of Pool by 20.6% during the second quarter. Sugarloaf Wealth Management LLC now owns 170 shares of the specialty retailer’s stock worth $60,000 after purchasing an additional 29 shares during the period. Foundations Investment Advisors LLC lifted its holdings in shares of Pool by 2.3% during the second quarter. Foundations Investment Advisors LLC now owns 1,384 shares of the specialty retailer’s stock worth $516,000 after purchasing an additional 31 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of Pool by 7.2% during the first quarter. Cresset Asset Management LLC now owns 479 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 32 shares during the period. Finally, B. Riley Wealth Management Inc. lifted its holdings in shares of Pool by 7.5% during the first quarter. B. Riley Wealth Management Inc. now owns 488 shares of the specialty retailer’s stock worth $206,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

Pool Trading Up 0.7 %

POOL opened at $321.98 on Monday. Pool Co. has a 1-year low of $278.10 and a 1-year high of $582.27. The company has a current ratio of 2.98, a quick ratio of 0.90 and a debt-to-equity ratio of 1.26. The company has a market cap of $12.57 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 1.72 and a beta of 0.81. The company has a fifty day moving average price of $318.12 and a two-hundred day moving average price of $353.67.

Pool (NASDAQ:POOLGet Rating) last posted its quarterly earnings results on Thursday, October 20th. The specialty retailer reported $4.78 earnings per share for the quarter, beating the consensus estimate of $4.65 by $0.13. Pool had a net margin of 12.81% and a return on equity of 65.81%. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the firm posted $4.51 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. Analysts predict that Pool Co. will post 18.71 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, November 10th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, November 9th. Pool’s payout ratio is presently 20.54%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on POOL shares. The Goldman Sachs Group cut their price target on shares of Pool from $410.00 to $360.00 and set a “buy” rating on the stock in a report on Friday, October 21st. KeyCorp lowered their target price on shares of Pool from $465.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, October 21st. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, November 9th. Robert W. Baird lowered their target price on shares of Pool from $398.00 to $368.00 and set a “neutral” rating for the company in a research note on Friday, October 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Pool from $431.00 to $368.00 and set a “hold” rating for the company in a research note on Thursday, October 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $397.50.

About Pool

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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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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