Bleakley Financial Group LLC Trims Stock Holdings in Pool Co. (NASDAQ:POOL)

Bleakley Financial Group LLC decreased its holdings in shares of Pool Co. (NASDAQ:POOL) by 10.7% during the third quarter, HoldingsChannel reports. The fund owned 699 shares of the specialty retailer’s stock after selling 84 shares during the quarter. Bleakley Financial Group LLC’s holdings in Pool were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Nordea Investment Management AB grew its holdings in Pool by 154.0% during the 1st quarter. Nordea Investment Management AB now owns 124,784 shares of the specialty retailer’s stock valued at $50,856,000 after buying an additional 75,655 shares in the last quarter. TD Asset Management Inc boosted its position 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 valued at $123,651,000 after acquiring an additional 123,387 shares during the period. M&G Plc purchased a new position in Pool during the first quarter valued at approximately $4,436,000. Park Place Capital Corp increased its holdings in Pool by 173.8% during the 1st quarter. Park Place Capital Corp now owns 824 shares of the specialty retailer’s stock worth $332,000 after acquiring an additional 523 shares during the period. Finally, Toronto Dominion Bank lifted its stake in Pool by 16.1% in the 2nd quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock worth $4,109,000 after purchasing an additional 1,858 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

POOL has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Stifel Nicolaus upped their target price on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. The Goldman Sachs Group lifted their price target on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Robert W. Baird upped their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer lifted their target price on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Pool presently has an average rating of “Hold” and a consensus target price of $357.89.

Pool Trading Down 0.0 %

POOL stock opened at $350.68 on Thursday. The company has a market capitalization of $13.42 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 2.72 and a beta of 1.01. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company’s 50 day moving average price is $358.70 and its two-hundred day moving average price is $353.44.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 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 company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations 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, analysts predict that Pool Co. will post 10.98 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.37%. Pool’s dividend payout ratio is currently 40.47%.

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.