Net Worth Advisory Group Purchases New Shares in Pool Co. (NASDAQ:POOL)

Net Worth Advisory Group acquired a new position in Pool Co. (NASDAQ:POOL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 702 shares of the specialty retailer’s stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in POOL. Tortoise Investment Management LLC boosted its stake 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 buying an additional 42 shares during the last quarter. Crewe Advisors LLC boosted its position in Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. UMB Bank n.a. grew its stake in Pool by 26.2% in the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 43 shares during the period. Ridgewood Investments LLC bought a new position in Pool in the 2nd quarter valued at $74,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Pool during the 2nd quarter valued at $75,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Price Performance

Pool stock opened at $370.41 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The firm has a market capitalization of $14.20 billion, a P/E ratio of 28.98, a PEG ratio of 2.70 and a beta of 1.01. The business has a fifty day moving average price of $358.22 and a 200-day moving average price of $354.04.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping 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 the consensus estimate of $1.74 billion. During the same quarter last year, the company earned $5.89 EPS. The firm’s revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that Pool Co. will post 10.98 EPS for the current year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors 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 dividend payout ratio (DPR) is presently 37.56%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on POOL. Wells Fargo & Company boosted their price target on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Loop Capital reduced their target price 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. Bank of America lowered their price target on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a report on Tuesday, June 25th. Stephens dropped their price objective on Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. Finally, StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $357.89.

Pool Company 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.