Pool Co. (NASDAQ:POOL) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC grew its holdings in shares of Pool Co. (NASDAQ:POOL) by 27.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,562 shares of the specialty retailer’s stock after purchasing an additional 335 shares during the quarter. Private Advisor Group LLC’s holdings in Pool were worth $589,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. First Trust Direct Indexing L.P. boosted its position in Pool by 11.7% during the first quarter. First Trust Direct Indexing L.P. now owns 679 shares of the specialty retailer’s stock worth $274,000 after acquiring an additional 71 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Pool by 6.6% in the first quarter. Van ECK Associates Corp now owns 7,270 shares of the specialty retailer’s stock valued at $2,933,000 after purchasing an additional 449 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Pool by 17.6% in the first quarter. BNP Paribas Financial Markets now owns 52,490 shares of the specialty retailer’s stock valued at $21,180,000 after purchasing an additional 7,862 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Pool by 9.9% during the first quarter. Janney Montgomery Scott LLC now owns 27,369 shares of the specialty retailer’s stock worth $11,043,000 after buying an additional 2,475 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in Pool during the first quarter worth $298,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Price Performance

Shares of POOL opened at $363.06 on Monday. The company has a market cap of $13.82 billion, a P/E ratio of 31.24, a PEG ratio of 2.19 and a beta of 1.01. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average price is $361.17 and its 200 day moving average price is $352.55.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.50 earnings per share. On average, research analysts forecast that Pool Co. will post 11.01 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s payout ratio is presently 41.31%.

Analysts Set New Price Targets

A number of brokerages have issued reports on POOL. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research note on Saturday. Loop Capital lifted their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Robert W. Baird boosted their target price on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Stifel Nicolaus raised their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company lifted their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $369.11.

Pool Profile

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.