Bridges Investment Management Inc. Boosts Stock Position in Pool Co. (NASDAQ:POOL)

Bridges Investment Management Inc. boosted its position in Pool Co. (NASDAQ:POOL - Free Report) by 170.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,159 shares of the specialty retailer's stock after purchasing an additional 42,936 shares during the period. Bridges Investment Management Inc. owned approximately 0.18% of Pool worth $20,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Taylor Frigon Capital Management LLC lifted its stake in shares of Pool by 0.8% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer's stock worth $1,089,000 after acquiring an additional 28 shares during the last quarter. Wedmont Private Capital lifted its position in shares of Pool by 5.4% during the first quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer's stock worth $236,000 after purchasing an additional 30 shares during the last quarter. Czech National Bank boosted its stake in shares of Pool by 0.4% during the first quarter. Czech National Bank now owns 6,805 shares of the specialty retailer's stock valued at $2,746,000 after purchasing an additional 30 shares during the period. TIAA Trust National Association grew its holdings in shares of Pool by 4.2% in the first quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer's stock worth $301,000 after purchasing an additional 30 shares during the last quarter. Finally, First Citizens Bank & Trust Co. lifted its holdings in Pool by 1.3% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 2,405 shares of the specialty retailer's stock valued at $739,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Pool Stock Down 2.1 %

NASDAQ:POOL traded down $7.72 during midday trading on Friday, reaching $364.37. 341,750 shares of the stock traded hands, compared to its average volume of 361,261. The stock has a market capitalization of $13.94 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 2.63 and a beta of 1.00. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. The business has a 50-day moving average of $349.50 and a two-hundred day moving average of $360.08.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, beating the consensus estimate of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the business posted $5.89 EPS. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts forecast that Pool Co. will post 10.99 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued 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 1.32%. Pool's dividend payout ratio (DPR) is currently 37.56%.

Analysts Set New Price Targets

Several analysts have recently weighed in on POOL shares. StockNews.com downgraded shares of Pool from a "hold" rating to a "sell" rating in a research note on Wednesday, August 7th. Oppenheimer increased their price target on Pool from $356.00 to $380.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Robert W. Baird raised their price target on Pool from $305.00 to $377.00 and gave the company a "neutral" rating in a research note on Friday, July 26th. The Goldman Sachs Group upped their price objective on shares of Pool from $365.00 to $415.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Finally, Bank of America reduced their price target on shares of Pool from $338.00 to $290.00 and set an "underperform" rating for the company in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $350.00.

About Pool

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.