CWA Asset Management Group LLC purchased a new stake in shares of Pool Co. (NASDAQ:POOL - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,953 shares of the specialty retailer's stock, valued at approximately $736,000.
Other hedge funds also recently made changes to their positions in the company. Tortoise Investment Management LLC grew its position in Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer's stock valued at $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC lifted its stake in shares of Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer's stock worth $35,000 after acquiring an additional 79 shares during the period. UMB Bank n.a. boosted its holdings in shares of Pool by 26.2% in the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer's stock valued at $64,000 after acquiring an additional 43 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of Pool during the second quarter valued at approximately $74,000. Finally, Summit Securities Group LLC acquired a new position in shares of Pool during the second quarter valued at approximately $75,000. Institutional investors own 98.99% of the company's stock.
POOL has been the subject of a number of research reports. Stifel Nicolaus increased their price target on Pool from $335.00 to $340.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Wells Fargo & Company lifted their target price on Pool from $330.00 to $370.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. StockNews.com raised shares of Pool from a "sell" rating to a "hold" rating in a report on Saturday, November 2nd. Robert W. Baird lifted their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group increased 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 equities 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.com, the stock currently has an average rating of "Hold" and a consensus price target of $369.11.
Check Out Our Latest Report on Pool
NASDAQ POOL opened at $372.58 on Monday. The firm's 50 day moving average price is $362.83 and its two-hundred day moving average price is $352.56. 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 Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The stock has a market cap of $14.18 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 2.26 and a beta of 1.01.
Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating 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 business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $3.50 earnings per share. Pool's revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts anticipate that Pool Co. will post 11 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors 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 dividend yield of 1.29%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool's dividend payout ratio is currently 41.31%.
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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