Pool Co. (NASDAQ:POOL) Shares Bought by Bancreek Capital Management LP

Bancreek Capital Management LP lifted its holdings in shares of Pool Co. (NASDAQ:POOL - Free Report) by 11.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,665 shares of the specialty retailer's stock after purchasing an additional 1,881 shares during the quarter. Pool comprises about 4.2% of Bancreek Capital Management LP's holdings, making the stock its 16th biggest holding. Bancreek Capital Management LP's holdings in Pool were worth $6,656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in POOL. Kayne Anderson Rudnick Investment Management LLC raised its position in Pool by 1.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer's stock valued at $646,291,000 after purchasing an additional 33,955 shares in the last quarter. Blair William & Co. IL raised its position in shares of Pool by 1.3% during the 2nd quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer's stock worth $262,678,000 after acquiring an additional 11,059 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Pool by 26.6% during the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer's stock worth $133,125,000 after purchasing an additional 90,951 shares during the last quarter. American Century Companies Inc. boosted its holdings in Pool by 9.6% in the second quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer's stock valued at $132,244,000 after purchasing an additional 37,598 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Pool by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 343,382 shares of the specialty retailer's stock valued at $105,531,000 after purchasing an additional 12,152 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Pool Stock Performance

Shares of POOL stock traded down $4.82 during trading hours on Wednesday, reaching $350.46. 204,065 shares of the company's stock were exchanged, compared to its average volume of 346,085. 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 $363.63 and its two-hundred day moving average is $352.49. The company has a market cap of $13.34 billion, a P/E ratio of 30.48, a price-to-earnings-growth ratio of 2.16 and a beta of 1.01. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11. The firm had revenue of $1.43 billion during 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%. Pool's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.50 earnings per share. Equities research analysts anticipate that Pool Co. will post 11 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Wednesday, November 13th. Pool's dividend payout ratio is currently 41.31%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wells Fargo & Company increased their target price 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. Robert W. Baird raised their price objective on Pool from $377.00 to $408.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Oppenheimer boosted their target price on Pool from $380.00 to $386.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Loop Capital lifted their price target on Pool from $345.00 to $395.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Finally, StockNews.com upgraded shares of Pool from a "sell" rating to a "hold" rating in a research report on Saturday, November 2nd. One investment 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. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $369.11.

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.