National Bank of Canada FI Acquires 1,997 Shares of Pool Co. (NASDAQ:POOL)

National Bank of Canada FI boosted its holdings in Pool Co. (NASDAQ:POOL) by 23.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,622 shares of the specialty retailer’s stock after purchasing an additional 1,997 shares during the period. National Bank of Canada FI’s holdings in Pool were worth $3,268,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Tortoise Investment Management LLC lifted its stake 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 last quarter. Crewe Advisors LLC lifted its position 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 during the last quarter. UMB Bank n.a. boosted its stake in shares of Pool by 221.6% during the first quarter. UMB Bank n.a. now owns 164 shares of the specialty retailer’s stock valued at $66,000 after purchasing an additional 113 shares during the period. American National Bank bought a new position in shares of Pool in the fourth quarter worth approximately $90,000. Finally, Ridgewood Investments LLC purchased a new position in shares of Pool in the second quarter worth $74,000. 98.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. The Goldman Sachs Group boosted their price target on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Loop Capital dropped their price objective on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a report on Tuesday, June 25th. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Finally, Robert W. Baird upped their target price on Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $350.00.

Pool Stock Down 0.0 %

Shares of POOL stock opened at $346.40 on Wednesday. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The stock has a market cap of $13.25 billion, a P/E ratio of 27.10, a P/E/G ratio of 2.50 and a beta of 1.00. The company has a 50 day simple moving average of $340.58 and a two-hundred day simple moving average of $361.59.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping the consensus estimate of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the business posted $5.89 EPS. Pool’s revenue was down 4.7% on a year-over-year basis. On average, research analysts expect that Pool Co. will post 10.99 earnings per share for the current year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.39%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio is currently 37.56%.

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.