Skandinaviska Enskilda Banken AB publ Has $2.61 Million Position in Pool Co. (NASDAQ:POOL)

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Pool Co. (NASDAQ:POOL) by 13.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,494 shares of the specialty retailer’s stock after buying an additional 1,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Pool were worth $2,608,000 as of its most recent SEC filing.

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

Pool Price Performance

Shares of NASDAQ:POOL opened at $368.30 on Tuesday. The company has a 50-day moving average price of $351.05 and a two-hundred day moving average price of $358.82. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $14.12 billion, a PE ratio of 28.82, a P/E/G ratio of 2.63 and a beta of 1.00.

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

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s payout ratio is presently 37.56%.

Wall Street Analysts Forecast Growth

POOL has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on shares of Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Wells Fargo & Company increased their price target on Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Bank of America cut their price objective on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus boosted their price target 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 research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Pool presently has a consensus rating of “Hold” and a consensus price target of $350.00.

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.