OneDigital Investment Advisors LLC Decreases Position in Pool Co. (NASDAQ:POOL)

OneDigital Investment Advisors LLC trimmed its holdings in shares of Pool Co. (NASDAQ:POOL) by 6.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 642 shares of the specialty retailer’s stock after selling 44 shares during the period. OneDigital Investment Advisors LLC’s holdings in Pool were worth $242,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in POOL. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Pool by 1.1% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 38,176 shares of the specialty retailer’s stock valued at $14,385,000 after acquiring an additional 416 shares during the last quarter. Metis Global Partners LLC increased its stake in Pool by 77.6% in the 3rd quarter. Metis Global Partners LLC now owns 2,154 shares of the specialty retailer’s stock worth $812,000 after purchasing an additional 941 shares during the period. Curi RMB Capital LLC lifted its position in Pool by 1.3% in the third quarter. Curi RMB Capital LLC now owns 50,828 shares of the specialty retailer’s stock valued at $19,152,000 after purchasing an additional 675 shares during the last quarter. Empower Advisory Group LLC boosted its stake in shares of Pool by 5.5% during the third quarter. Empower Advisory Group LLC now owns 179,808 shares of the specialty retailer’s stock valued at $67,752,000 after purchasing an additional 9,359 shares during the period. Finally, Bancreek Capital Management LP grew its holdings in shares of Pool by 11.9% in the third quarter. Bancreek Capital Management LP now owns 17,665 shares of the specialty retailer’s stock worth $6,656,000 after purchasing an additional 1,881 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Trading Up 0.6 %

POOL opened at $366.49 on Friday. The stock has a market cap of $13.95 billion, a PE ratio of 31.69, a PEG ratio of 2.20 and a beta of 1.01. The business has a 50 day moving average of $365.72 and a 200-day moving average of $352.46. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. 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 announced its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $3.50 EPS. Equities research analysts predict that Pool Co. will post 11 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s dividend payout ratio is 41.31%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on POOL. Stifel Nicolaus increased their price target on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Wells Fargo & Company increased their target price on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. The Goldman Sachs Group raised their target price on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Finally, Oppenheimer lifted their price objective on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $369.11.

Pool Company 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.