Prime Capital Investment Advisors LLC lessened its holdings in shares of Pool Co. (NASDAQ:POOL - Free Report) by 37.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,096 shares of the specialty retailer's stock after selling 1,831 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Pool were worth $1,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in Pool in the 3rd quarter worth approximately $1,129,000. Versor Investments LP bought a new position in shares of Pool in the third quarter worth approximately $720,000. Venturi Wealth Management LLC increased its stake in shares of Pool by 57.7% in the third quarter. Venturi Wealth Management LLC now owns 1,079 shares of the specialty retailer's stock worth $407,000 after purchasing an additional 395 shares in the last quarter. Axxcess Wealth Management LLC raised its position in shares of Pool by 46.9% during the 3rd quarter. Axxcess Wealth Management LLC now owns 1,633 shares of the specialty retailer's stock valued at $615,000 after purchasing an additional 521 shares during the period. Finally, Sigma Planning Corp lifted its stake in shares of Pool by 17.8% during the 3rd quarter. Sigma Planning Corp now owns 1,853 shares of the specialty retailer's stock valued at $698,000 after buying an additional 280 shares in the last quarter. Institutional investors own 98.99% of the company's stock.
Pool Trading Up 0.5 %
Shares of NASDAQ:POOL traded up $1.93 during trading on Friday, reaching $359.42. The company's stock had a trading volume of 522,027 shares, compared to its average volume of 348,077. The stock has a market capitalization of $13.68 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 2.13 and a beta of 1.01. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The firm's 50 day simple moving average is $364.43 and its two-hundred day simple moving average is $352.44.
Pool (NASDAQ:POOL - Get Free Report) last announced its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter in the previous year, the business earned $3.50 EPS. The company's quarterly revenue was down 2.8% on a year-over-year basis. On average, research analysts predict that Pool Co. will post 11 EPS for the current fiscal year.
Pool Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.34%. Pool's dividend payout ratio (DPR) is presently 41.31%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Loop Capital raised their price target on Pool from $345.00 to $395.00 and gave the company a "hold" rating in a report on Friday, October 25th. Stifel Nicolaus boosted their price target on Pool from $335.00 to $340.00 and gave the stock a "hold" rating in a report on Monday, October 28th. StockNews.com raised shares of Pool from a "sell" rating to a "hold" rating in a report on Saturday, November 2nd. Robert W. Baird boosted their target price on shares of Pool from $377.00 to $408.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Finally, 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. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $369.11.
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About Pool
(
Free Report)
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.
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