Signaturefd LLC Reduces Position in Pool Co. (NASDAQ:POOL)

Signaturefd LLC trimmed its position in shares of Pool Co. (NASDAQ:POOL) by 9.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 510 shares of the specialty retailer’s stock after selling 51 shares during the quarter. Signaturefd LLC’s holdings in Pool were worth $192,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its position in shares of Pool by 68.9% during the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 42 shares during the period. Crewe Advisors LLC lifted its stake in shares of Pool by 232.4% during the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 79 shares during the last quarter. UMB Bank n.a. boosted its holdings in Pool by 26.2% during the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after acquiring 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 Pool in the second quarter worth $75,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Down 3.0 %

Pool stock opened at $366.00 on Monday. 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 cap of $14.00 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.57 and a beta of 1.01. The business has a fifty day moving average of $359.72 and a two-hundred day moving average of $352.87. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the business posted $3.50 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts forecast that Pool Co. will post 10.98 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s dividend payout ratio is currently 40.47%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Oppenheimer boosted their target price on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group upped their target price on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Loop Capital raised their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday. Robert W. Baird boosted their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company raised their price objective on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and an average target price of $367.89.

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.