Pool Co. (NASDAQ:POOL) Stock Holdings Increased by Raymond James & Associates

Raymond James & Associates raised its holdings in shares of Pool Co. (NASDAQ:POOL) by 0.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 305,621 shares of the specialty retailer’s stock after purchasing an additional 723 shares during the quarter. Raymond James & Associates’ holdings in Pool were worth $115,158,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in POOL. Swedbank AB acquired a new position in shares of Pool in the 1st quarter valued at $96,528,000. TD Asset Management Inc boosted its holdings in shares of Pool by 67.4% in the first quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock worth $123,651,000 after buying an additional 123,387 shares during the period. Caledonia Investments PLC purchased a new position in shares of Pool in the second quarter worth approximately $37,390,000. Bank of New York Mellon Corp raised its holdings in shares of Pool by 26.6% during the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after acquiring an additional 90,951 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of Pool by 154.0% in the 1st quarter. Nordea Investment Management AB now owns 124,784 shares of the specialty retailer’s stock valued at $50,856,000 after acquiring an additional 75,655 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

POOL stock opened at $370.41 on Monday. The firm has a 50 day moving average of $358.22 and a two-hundred day moving average of $354.04. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The company has a market capitalization of $14.20 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 2.70 and a beta of 1.01. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the company posted $5.89 earnings per share. Pool’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities analysts anticipate that Pool Co. will post 10.98 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.30%. Pool’s dividend payout ratio (DPR) is currently 37.56%.

Analysts Set New Price Targets

Several research firms have weighed in on POOL. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Loop Capital dropped their price target on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research report on Tuesday, June 25th. Stephens decreased their price objective on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, June 25th. The Goldman Sachs Group upped their target price on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Bank of America decreased their price target on shares of Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a report on Tuesday, June 25th. One research 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.