Thrivent Financial for Lutherans Acquires 1,530 Shares of Pool Co. (NASDAQ:POOL)

Thrivent Financial for Lutherans lifted its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,735 shares of the specialty retailer's stock after buying an additional 1,530 shares during the quarter. Thrivent Financial for Lutherans owned about 0.11% of Pool worth $16,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Taylor Frigon Capital Management LLC boosted its stake in Pool by 0.8% during the second 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 in the last quarter. Heritage Family Offices LLP grew 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 buying an additional 28 shares during the period. CWM LLC increased its position in Pool by 3.7% in the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer's stock valued at $293,000 after buying an additional 28 shares in the last quarter. Aurora Investment Counsel increased its position in Pool by 0.6% in the 2nd quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer's stock valued at $1,542,000 after buying an additional 30 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake 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 worth $739,000 after buying an additional 31 shares during the period. Institutional investors own 98.99% of the company's stock.

Pool Trading Down 0.5 %

Shares of POOL opened at $360.98 on Thursday. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The business has a 50-day moving average of $365.35 and a 200 day moving average of $352.38. The firm has a market cap of $13.74 billion, a P/E ratio of 31.07, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39.

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, beating the consensus estimate of $3.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.50 earnings per share. As a group, research analysts forecast that Pool Co. will post 11 EPS for the current year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.33%. Pool's dividend payout ratio (DPR) is currently 41.31%.

Wall Street Analyst Weigh In

POOL has been the subject of a number of research reports. Oppenheimer raised their price objective on Pool from $380.00 to $386.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Wells Fargo & Company lifted their price target on shares of Pool from $330.00 to $370.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. Loop Capital upped their price objective on shares of Pool from $345.00 to $395.00 and gave the stock a "hold" rating in a report on Friday, October 25th. The Goldman Sachs Group raised their price objective 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. Finally, 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 research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Pool has a consensus rating of "Hold" and a consensus target price 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.