Pool Co. (NASDAQ:POOL) Stake Increased by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 411.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,128 shares of the specialty retailer's stock after buying an additional 12,170 shares during the period. Mizuho Securities USA LLC's holdings in Pool were worth $5,700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in shares of Pool by 37,863.6% in the 3rd quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer's stock valued at $51,926,000 after purchasing an additional 137,445 shares during the last quarter. M&G Plc bought a new position in shares of Pool in the 1st quarter worth about $4,436,000. Toronto Dominion Bank raised its position in shares of Pool by 16.1% in the 2nd quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer's stock worth $4,109,000 after acquiring an additional 1,858 shares in the last quarter. Torray Investment Partners LLC increased its position in Pool by 16.8% in the 2nd quarter. Torray Investment Partners LLC now owns 14,128 shares of the specialty retailer's stock valued at $4,342,000 after buying an additional 2,034 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its position in Pool by 459.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 2,724 shares of the specialty retailer's stock valued at $1,099,000 after buying an additional 2,237 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Trading Up 0.5 %

Pool stock traded up $1.93 during midday trading on Friday, reaching $359.42. The stock had a trading volume of 522,060 shares, compared to its average volume of 332,400. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The firm has a market cap of $13.68 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 2.18 and a beta of 1.01. The company has a fifty day moving average of $364.43 and a 200 day moving average of $352.37.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter last year, the company posted $3.50 earnings per share. The business's quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts anticipate that Pool Co. will post 11 earnings per share for the current fiscal year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool's dividend payout ratio (DPR) is presently 41.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on POOL shares. Robert W. Baird boosted their target price on Pool from $377.00 to $408.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group increased their target price on Pool from $365.00 to $415.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. StockNews.com upgraded Pool from a "sell" rating to a "hold" rating in a research report on Saturday, November 2nd. Loop Capital upped their price target on shares of Pool from $345.00 to $395.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Finally, Stifel Nicolaus upped their price target on shares of Pool from $335.00 to $340.00 and gave the stock a "hold" rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $369.11.

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.