Mediolanum International Funds Ltd Purchases 6,176 Shares of Pool Co. (NASDAQ:POOL)

Mediolanum International Funds Ltd increased its position in Pool Co. (NASDAQ:POOL - Free Report) by 39.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,910 shares of the specialty retailer's stock after acquiring an additional 6,176 shares during the quarter. Mediolanum International Funds Ltd owned about 0.06% of Pool worth $8,149,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in POOL. Taylor Frigon Capital Management LLC boosted its stake in Pool by 0.8% in the second quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer's stock worth $1,089,000 after buying an additional 28 shares in the last quarter. Heritage Family Offices LLP boosted its stake in shares of Pool by 2.2% in the 3rd quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer's stock valued at $482,000 after purchasing an additional 28 shares in the last quarter. CWM LLC grew its holdings in shares of Pool by 3.7% during the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer's stock valued at $293,000 after purchasing an additional 28 shares during the last quarter. TIAA Trust National Association raised its position in Pool by 4.2% in the 1st 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 period. Finally, Aurora Investment Counsel lifted its stake in Pool by 0.6% in the second quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer's stock worth $1,542,000 after purchasing an additional 30 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Stock Performance

Shares of POOL stock traded down $11.33 during mid-day trading on Friday, reaching $366.00. 308,849 shares of the company's stock traded hands, compared to its average volume of 348,867. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The firm has a 50 day moving average price of $359.72 and a two-hundred day moving average price of $353.07. The firm has a market capitalization of $14.00 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.01. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48.

Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.11. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm's revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.50 EPS. On average, research analysts forecast that Pool Co. will post 10.98 EPS for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, August 15th. Pool's dividend payout ratio (DPR) is presently 40.47%.

Analysts Set New Price Targets

Several analysts recently issued reports on POOL shares. Oppenheimer raised their target price on Pool from $356.00 to $380.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. Loop Capital boosted their target price on Pool from $345.00 to $395.00 and gave the company a "hold" rating in a research note on Friday. Wells Fargo & Company raised their price target on Pool from $330.00 to $370.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. StockNews.com downgraded shares of Pool from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Robert W. Baird raised their target price on shares of Pool from $377.00 to $408.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Pool currently has an average rating of "Hold" and a consensus price target of $367.89.

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.