Empower Advisory Group LLC lifted its position in Pool Co. (NASDAQ:POOL - Free Report) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,808 shares of the specialty retailer's stock after acquiring an additional 9,359 shares during the quarter. Empower Advisory Group LLC owned 0.47% of Pool worth $67,752,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tortoise Investment Management LLC raised its stake in 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 purchasing an additional 42 shares during the last quarter. Crewe Advisors LLC grew its holdings in Pool by 232.4% during the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer's stock worth $35,000 after acquiring an additional 79 shares during the period. UMB Bank n.a. grew its holdings in Pool by 26.2% during the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer's stock worth $64,000 after acquiring an additional 43 shares during the period. Ridgewood Investments LLC acquired a new position in Pool during the second quarter worth $74,000. Finally, Summit Securities Group LLC purchased a new stake in Pool during the second quarter worth $75,000. 98.99% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. StockNews.com upgraded Pool from a "sell" rating to a "hold" rating in a research report on Saturday, November 2nd. Robert W. Baird increased their target price on Pool from $377.00 to $408.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group raised their target price on Pool from $365.00 to $415.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Loop Capital lifted their price target on Pool from $345.00 to $395.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company lifted their target price on Pool from $330.00 to $370.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. One 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 company currently has an average rating of "Hold" and an average price target of $369.11.
View Our Latest Stock Report on Pool
Pool Price Performance
NASDAQ POOL traded down $3.99 during trading on Wednesday, reaching $352.49. 228,596 shares of the company traded hands, compared to its average volume of 346,276. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The stock's 50 day moving average price is $363.63 and its two-hundred day moving average price is $352.49. The company has a market cap of $13.41 billion, a price-to-earnings ratio of 30.48, a P/E/G 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 for the quarter, beating analysts' consensus estimates of $3.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company's quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.50 earnings per share. As a group, analysts anticipate that Pool Co. will post 11 EPS for the current year.
Pool Dividend Announcement
The company also recently disclosed 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 1.36%. The ex-dividend date is Wednesday, November 13th. Pool's dividend payout ratio is 41.31%.
About Pool
(
Free Report)
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.
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