Pool Co. (NASDAQ:POOL) Stock Position Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its position in Pool Co. (NASDAQ:POOL) by 31.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,126 shares of the specialty retailer’s stock after acquiring an additional 3,115 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Pool were worth $4,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in POOL. Thoroughbred Financial Services LLC boosted its holdings in Pool by 285.3% in the second quarter. Thoroughbred Financial Services LLC now owns 2,354 shares of the specialty retailer’s stock worth $723,000 after purchasing an additional 1,743 shares during the period. Achmea Investment Management B.V. boosted its holdings in shares of Pool by 9.6% in the 2nd quarter. Achmea Investment Management B.V. now owns 6,118 shares of the specialty retailer’s stock valued at $1,880,000 after buying an additional 536 shares during the period. Qsemble Capital Management LP bought a new stake in shares of Pool during the 2nd quarter valued at about $1,113,000. American Century Companies Inc. raised its stake in Pool by 9.6% during the second quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock worth $132,244,000 after acquiring an additional 37,598 shares during the period. Finally, Royal London Asset Management Ltd. lifted its holdings in Pool by 3.8% in the second quarter. Royal London Asset Management Ltd. now owns 18,750 shares of the specialty retailer’s stock worth $5,762,000 after acquiring an additional 689 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on POOL. Stephens cut their price target on Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. Loop Capital lowered their price target on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday, June 25th. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group upped their target price on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Company lifted their price target on Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $350.00.

Pool Stock Performance

POOL opened at $358.49 on Tuesday. The business has a 50 day moving average price of $345.49 and a two-hundred day moving average price of $360.16. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the firm posted $5.89 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. Research analysts predict that Pool Co. will post 10.99 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $1.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.34%. Pool’s dividend payout ratio is currently 37.56%.

About Pool

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.