Avanza Fonder AB Buys Shares of 4,273 Pool Co. (NASDAQ:POOL)

Avanza Fonder AB acquired a new stake in Pool Co. (NASDAQ:POOL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,273 shares of the specialty retailer's stock, valued at approximately $1,457,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Pool by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 296,063 shares of the specialty retailer's stock worth $90,992,000 after purchasing an additional 23,396 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of Pool by 7.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,217 shares of the specialty retailer's stock valued at $376,000 after purchasing an additional 84 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Pool by 9.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,944 shares of the specialty retailer's stock worth $883,000 after buying an additional 265 shares during the period. Hsbc Holdings PLC lifted its holdings in Pool by 28.2% during the 2nd quarter. Hsbc Holdings PLC now owns 105,709 shares of the specialty retailer's stock worth $32,487,000 after buying an additional 23,233 shares in the last quarter. Finally, MQS Management LLC purchased a new position in Pool in the 2nd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on POOL shares. Stifel Nicolaus increased their price objective on Pool from $335.00 to $340.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Oppenheimer increased their price target on Pool from $380.00 to $386.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Wells Fargo & Company boosted their price objective on Pool from $330.00 to $370.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. Robert W. Baird raised their target price on shares of Pool from $377.00 to $408.00 and gave the company a "neutral" rating in a report on Wednesday, October 16th. Finally, Loop Capital lifted their price target on shares of Pool from $345.00 to $395.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Pool presently has a consensus rating of "Hold" and a consensus target price of $369.25.

Pool Stock Up 0.2 %

Shares of Pool stock traded up $0.72 during trading hours on Friday, hitting $350.26. The company had a trading volume of 329,854 shares, compared to its average volume of 323,826. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The company's 50-day moving average is $355.98 and its two-hundred day moving average is $354.24. The company has a market cap of $13.33 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 1.83 and a beta of 1.03. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73.

Pool (NASDAQ:POOL - Get Free Report) last posted its earnings results 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 business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The business's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Analysts anticipate that Pool Co. will post 11.03 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.37%. Pool's dividend payout ratio (DPR) is presently 41.31%.

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.