Allspring Global Investments Holdings LLC Buys 719 Shares of Pool Co. (NASDAQ:POOL)

Allspring Global Investments Holdings LLC raised its stake in Pool Co. (NASDAQ:POOL) by 19.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,457 shares of the specialty retailer’s stock after buying an additional 719 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Pool were worth $1,679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC raised its position in shares of Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 42 shares during the period. Crewe Advisors LLC increased its stake in Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. UMB Bank n.a. increased its stake in Pool by 26.2% in the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 43 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of Pool during the second quarter worth $74,000. Finally, Summit Securities Group LLC acquired a new position in shares of Pool in the 2nd quarter valued at $75,000. Institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Robert W. Baird raised their price objective on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Wells Fargo & Company increased their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. The Goldman Sachs Group lifted their price target on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Oppenheimer increased their price objective on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $369.11.

Pool Stock Performance

Shares of POOL stock opened at $364.45 on Thursday. The firm has a market cap of $13.94 billion, a PE ratio of 31.40, a P/E/G ratio of 2.68 and a beta of 1.01. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The company’s fifty day simple moving average is $360.53 and its 200-day simple moving average is $352.68. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.50 EPS. Equities research analysts expect that Pool Co. will post 11.02 EPS for the current fiscal year.

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.