Forsta AP Fonden Acquires 900 Shares of Pool Co. (NASDAQ:POOL)

Forsta AP Fonden lifted its stake in Pool Co. (NASDAQ:POOL) by 11.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,500 shares of the specialty retailer’s stock after purchasing an additional 900 shares during the period. Forsta AP Fonden’s holdings in Pool were worth $3,203,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in POOL. Taylor Frigon Capital Management LLC boosted its holdings in Pool by 0.8% during the second quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock worth $1,089,000 after buying an additional 28 shares during the last quarter. Heritage Family Offices LLP grew its holdings in Pool by 2.2% during the third quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock valued at $482,000 after purchasing an additional 28 shares during the period. CWM LLC increased its stake in Pool by 3.7% in the third quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock valued at $293,000 after purchasing an additional 28 shares in the last quarter. TIAA Trust National Association raised its holdings in Pool by 4.2% in the first 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 period. Finally, Aurora Investment Counsel boosted its position in shares of Pool by 0.6% during the second 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 in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Stock Performance

Shares of NASDAQ POOL opened at $362.36 on Wednesday. The stock has a market capitalization of $13.86 billion, a PE ratio of 31.18, a price-to-earnings-growth ratio of 2.68 and a beta of 1.01. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The stock has a 50 day moving average price of $360.21 and a 200 day moving average price of $352.80. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business earned $3.50 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis. Analysts predict that Pool Co. will post 11.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on POOL. Stifel Nicolaus upped their price objective on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday. The Goldman Sachs Group increased their price target on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Loop Capital lifted their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Finally, Oppenheimer lifted their price target on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $369.11.

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.