Victory Capital Management Inc. Acquires 1,173 Shares of Pool Co. (NASDAQ:POOL)

Victory Capital Management Inc. boosted its position in shares of Pool Co. (NASDAQ:POOL) by 4.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 29,605 shares of the specialty retailer’s stock after acquiring an additional 1,173 shares during the quarter. Victory Capital Management Inc.’s holdings in Pool were worth $11,155,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC raised its holdings in Pool by 68.9% during the 2nd 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 last quarter. Crewe Advisors LLC increased its position in Pool by 232.4% during the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 79 shares during the period. UMB Bank n.a. increased its position 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 purchasing an additional 43 shares during the period. Ridgewood Investments LLC purchased a new position in Pool during the 2nd quarter valued at $74,000. Finally, Summit Securities Group LLC purchased a new position in Pool during the 2nd quarter valued at $75,000. 98.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on POOL shares. Wells Fargo & Company boosted their price objective 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. Oppenheimer increased their price objective on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Robert W. Baird increased their price objective on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Finally, The Goldman Sachs Group upped their target price 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pool currently has an average rating of “Hold” and a consensus price target of $369.11.

Pool Stock Performance

Shares of NASDAQ POOL opened at $360.98 on Thursday. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The company has a market cap of $13.74 billion, a PE ratio of 31.07, a PEG ratio of 2.18 and a beta of 1.01. The firm’s 50-day moving average price is $365.35 and its 200-day moving average price is $352.38. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the firm earned $3.50 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, analysts anticipate that Pool Co. will post 11 EPS for the current year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.33%. The ex-dividend date is Wednesday, November 13th. Pool’s dividend payout ratio is currently 41.31%.

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.