Pool Co. (NASDAQ:POOL) Holdings Boosted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in shares of Pool Co. (NASDAQ:POOLFree Report) by 31.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,198 shares of the specialty retailer’s stock after purchasing an additional 531 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Pool were worth $828,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tortoise Investment Management LLC boosted its stake in Pool by 68.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 42 shares during the period. Crewe Advisors LLC increased its position in Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 79 shares during the period. UMB Bank n.a. raised its stake in Pool by 26.2% during the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after acquiring an additional 43 shares in the last quarter. Ridgewood Investments LLC acquired a new position in Pool during the 2nd quarter worth $74,000. Finally, Summit Securities Group LLC acquired a new position in shares of Pool during the second quarter valued at $75,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

POOL has been the topic of several research analyst reports. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday. Loop Capital lifted their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday. Wells Fargo & Company raised their target price on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Robert W. Baird raised their price objective on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus boosted their target price on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Pool currently has an average rating of “Hold” and a consensus target price of $367.89.

Get Our Latest Analysis on Pool

Pool Stock Down 3.0 %

Pool stock opened at $366.00 on Friday. The firm’s 50 day moving average price is $359.72 and its two-hundred day moving average price is $353.07. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The firm has a market cap of $14.00 billion, a PE ratio of 30.86, a P/E/G ratio of 2.57 and a beta of 1.01.

Pool (NASDAQ:POOLGet Free Report) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.50 EPS. On average, research analysts predict that Pool Co. will post 10.98 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.31%. The ex-dividend date was Thursday, August 15th. Pool’s payout ratio is 40.47%.

Pool Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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