Geneva Capital Management LLC Has $34.60 Million Holdings in Pool Co. (NASDAQ:POOL)

Geneva Capital Management LLC raised its stake in Pool Co. (NASDAQ:POOL - Free Report) by 3.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 91,822 shares of the specialty retailer's stock after buying an additional 2,662 shares during the quarter. Geneva Capital Management LLC owned approximately 0.24% of Pool worth $34,599,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in POOL. Victory Capital Management Inc. lifted its position in Pool by 4.1% in the 3rd quarter. Victory Capital Management Inc. now owns 29,605 shares of the specialty retailer's stock valued at $11,155,000 after purchasing an additional 1,173 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Pool during the 3rd quarter valued at $1,129,000. Versor Investments LP acquired a new position in Pool during the 3rd quarter worth $720,000. Venturi Wealth Management LLC grew its stake in shares of Pool by 57.7% in the third quarter. Venturi Wealth Management LLC now owns 1,079 shares of the specialty retailer's stock worth $407,000 after purchasing an additional 395 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in shares of Pool by 46.9% during the third quarter. Axxcess Wealth Management LLC now owns 1,633 shares of the specialty retailer's stock valued at $615,000 after purchasing an additional 521 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Pool Trading Down 1.0 %

POOL traded down $3.50 during trading on Wednesday, reaching $351.78. The company had a trading volume of 167,428 shares, compared to its average volume of 345,917. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 2.16 and a beta of 1.01. The firm's 50-day simple moving average is $363.63 and its 200 day simple moving average is $352.49.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same period in the previous year, the company posted $3.50 EPS. The company's quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts anticipate that Pool Co. will post 11 earnings per share for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool's dividend payout ratio (DPR) is 41.31%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on POOL shares. Loop Capital increased their target price on shares of Pool from $345.00 to $395.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Oppenheimer increased their price objective on shares of Pool from $380.00 to $386.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Wells Fargo & Company boosted 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. The Goldman Sachs Group increased their price target on Pool from $365.00 to $415.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus boosted their price objective on Pool from $335.00 to $340.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. 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 stock. According to MarketBeat.com, the stock currently 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.