Exchange Traded Concepts LLC Buys New Position in Pool Co. (NASDAQ:POOL)

Exchange Traded Concepts LLC bought a new stake in shares of Pool Co. (NASDAQ:POOL) during the 3rd quarter, HoldingsChannel reports. The firm bought 425 shares of the specialty retailer’s stock, valued at approximately $160,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Taylor Frigon Capital Management LLC increased its holdings in Pool by 0.8% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock worth $1,089,000 after purchasing an additional 28 shares during the last quarter. CWM LLC increased its holdings in Pool by 3.7% during the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock worth $293,000 after purchasing an additional 28 shares during the last quarter. TIAA Trust National Association increased its holdings in Pool by 4.2% during the 1st quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock worth $301,000 after purchasing an additional 30 shares during the last quarter. Aurora Investment Counsel increased its holdings in Pool by 0.6% during the 2nd quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock worth $1,542,000 after purchasing an additional 30 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in Pool by 1.3% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 2,405 shares of the specialty retailer’s stock worth $739,000 after purchasing an additional 31 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on POOL. Oppenheimer lifted their price objective on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Robert W. Baird lifted their price objective on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their target price on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Stephens decreased their target price on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, June 25th. Finally, StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $357.89.

Pool Trading Down 3.1 %

NASDAQ:POOL opened at $358.98 on Tuesday. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The firm has a market capitalization of $13.76 billion, a P/E ratio of 28.09, a P/E/G ratio of 2.70 and a beta of 1.01. 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 business has a 50 day simple moving average of $358.51 and a 200 day simple moving average of $353.78.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the firm posted $5.89 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts predict that Pool Co. will post 10.98 EPS for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors 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 dividend on an annualized basis and a yield of 1.34%. Pool’s dividend payout ratio is currently 37.56%.

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.