Pool Co. (NASDAQ:POOL) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in Pool Co. (NASDAQ:POOL - Free Report) by 3.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 343,382 shares of the specialty retailer's stock after purchasing an additional 12,152 shares during the quarter. Envestnet Asset Management Inc. owned 0.90% of Pool worth $105,531,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Swedbank AB purchased a new stake in Pool during the 1st quarter worth approximately $96,528,000. TD Asset Management Inc increased its stake 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 buying an additional 156,361 shares in the last quarter. Caledonia Investments PLC purchased a new stake in Pool during the 2nd quarter worth approximately $37,390,000. Norges Bank purchased a new stake in Pool during the 4th quarter worth approximately $44,697,000. Finally, Epoch Investment Partners Inc. increased its stake 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 buying an additional 108,207 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on POOL shares. Oppenheimer boosted their price objective on Pool from $356.00 to $380.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. Bank of America dropped their price target on Pool from $338.00 to $290.00 and set an "underperform" rating for the company in a research report on Tuesday, June 25th. The Goldman Sachs Group upped their price target 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 dropped their price target on Pool from $370.00 to $305.00 and set a "hold" rating for the company in a research report on Tuesday, June 25th. Finally, StockNews.com lowered Pool from a "hold" rating to a "sell" rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $350.00.

Pool Trading Up 3.7 %

POOL traded up $13.37 during trading hours on Tuesday, reaching $371.86. The company's stock had a trading volume of 502,829 shares, compared to its average volume of 362,347. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The stock has a market cap of $14.25 billion, a PE ratio of 28.05, a P/E/G ratio of 2.54 and a beta of 1.00. The business's 50-day moving average is $345.49 and its 200-day moving average is $360.16. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping analysts' consensus estimates of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the prior year, the firm earned $5.89 earnings per share. The firm's revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts predict that Pool Co. will post 10.99 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Thursday, August 15th. Pool's dividend payout ratio (DPR) is 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.