Geode Capital Management LLC Buys 6,232 Shares of Pool Co. (NASDAQ:POOL)

Geode Capital Management LLC lifted its stake in Pool Co. (NASDAQ:POOL - Free Report) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 964,343 shares of the specialty retailer's stock after acquiring an additional 6,232 shares during the period. Geode Capital Management LLC owned approximately 2.53% of Pool worth $362,196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC raised its holdings 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 acquiring an additional 33,955 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Pool by 1.3% in the second quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer's stock valued at $262,678,000 after purchasing an additional 11,059 shares in the last quarter. Wasatch Advisors LP lifted its position in Pool by 0.6% in the third quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer's stock worth $213,020,000 after purchasing an additional 3,428 shares during the period. Bank of New York Mellon Corp boosted 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 buying an additional 90,951 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Pool by 9.6% during the second quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer's stock worth $132,244,000 after buying an additional 37,598 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

Pool Price Performance

NASDAQ:POOL traded down $6.59 during mid-day trading on Friday, reaching $362.95. 361,259 shares of the company were exchanged, compared to its average volume of 346,313. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The stock has a market cap of $13.81 billion, a PE ratio of 31.23, a PEG ratio of 2.27 and a beta of 1.01. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The company has a fifty day moving average of $367.75 and a 200 day moving average of $352.98.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating 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 business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same period in the prior year, the firm earned $3.50 earnings per share. Pool's revenue was down 2.8% compared to the same quarter last year. On average, research analysts anticipate that Pool Co. will post 11.02 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool's dividend payout ratio is 41.31%.

Wall Street Analysts Forecast Growth

POOL has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of Pool from $335.00 to $340.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Robert W. Baird raised their price target on shares of Pool from $377.00 to $408.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. StockNews.com upgraded Pool from a "sell" rating to a "hold" rating in a research note on Saturday, November 2nd. Oppenheimer raised their target price on Pool from $380.00 to $386.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Finally, Loop Capital upped 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. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Pool has a consensus rating of "Hold" and a consensus price target of $369.25.

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.