Thoroughbred Financial Services LLC Acquires 1,743 Shares of Pool Co. (NASDAQ:POOL)

Thoroughbred Financial Services LLC boosted its stake in shares of Pool Co. (NASDAQ:POOL - Free Report) by 285.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,354 shares of the specialty retailer's stock after acquiring an additional 1,743 shares during the quarter. Thoroughbred Financial Services LLC's holdings in Pool were worth $723,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in POOL. Swedbank AB bought a new stake in Pool during the 1st quarter worth about $96,528,000. TD Asset Management Inc grew its holdings in Pool by 585.6% during the 4th quarter. TD Asset Management Inc now owns 183,060 shares of the specialty retailer's stock worth $72,988,000 after acquiring an additional 156,361 shares during the last quarter. Caledonia Investments PLC bought a new stake in Pool during the 2nd quarter worth about $37,390,000. Norges Bank bought a new stake in Pool during the 4th quarter worth about $44,697,000. Finally, Epoch Investment Partners Inc. grew its holdings in Pool by 711.3% during the 4th quarter. Epoch Investment Partners Inc. now owns 123,419 shares of the specialty retailer's stock worth $49,208,000 after acquiring an additional 108,207 shares during the last quarter. Institutional investors own 98.99% of the company's stock.

Wall Street Analyst Weigh In

POOL has been the topic of several recent research reports. Stephens reduced their target price on shares of Pool from $425.00 to $350.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 25th. Stifel Nicolaus raised their target price on shares of Pool from $310.00 to $335.00 and gave the company a "hold" rating in a research note on Friday, August 30th. Wells Fargo & Company raised their target price on shares of Pool from $285.00 to $330.00 and gave the company an "equal weight" rating in a research note on Friday, July 26th. The Goldman Sachs Group raised their target price on shares of Pool from $365.00 to $415.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Finally, Loop Capital reduced their target price on shares of Pool from $370.00 to $305.00 and set a "hold" rating on the stock in a research note on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $350.00.

Pool Trading Up 0.7 %

Shares of NASDAQ:POOL traded up $2.47 during mid-day trading on Monday, reaching $358.49. The stock had a trading volume of 187,262 shares, compared to its average volume of 361,558. The firm has a market cap of $13.72 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00. The firm has a 50 day simple moving average of $344.41 and a two-hundred day simple moving average of $360.44. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. 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 announced its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating analysts' consensus estimates of $4.90 by $0.09. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. Pool's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the company posted $5.89 EPS. On average, research analysts predict that Pool Co. will post 10.99 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $1.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.34%. Pool's dividend payout ratio is currently 37.56%.

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.