Pool Co. (NASDAQ:POOL) Shares Acquired by Heritage Family Offices LLP

Heritage Family Offices LLP lifted its stake in shares of Pool Co. (NASDAQ:POOL) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,278 shares of the specialty retailer’s stock after buying an additional 28 shares during the period. Heritage Family Offices LLP’s holdings in Pool were worth $482,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Swedbank AB purchased a new position in shares of Pool during the first quarter worth $96,528,000. TD Asset Management Inc raised its holdings in shares of Pool by 67.4% during the first quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock worth $123,651,000 after purchasing an additional 123,387 shares during the last quarter. Caledonia Investments PLC purchased a new position in shares of Pool during the second quarter worth $37,390,000. Bank of New York Mellon Corp increased its holdings in Pool by 26.6% in the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after buying an additional 90,951 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Pool by 154.0% in the first quarter. Nordea Investment Management AB now owns 124,784 shares of the specialty retailer’s stock valued at $50,856,000 after buying an additional 75,655 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Stock Performance

NASDAQ:POOL opened at $371.98 on Thursday. The firm has a market capitalization of $14.26 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 2.68 and a beta of 1.01. The business’s fifty day moving average price is $356.96 and its 200 day moving average price is $354.55. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, beating the consensus estimate of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the company posted $5.89 earnings per share. Pool’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Pool Co. will post 10.98 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.29%. Pool’s dividend payout ratio is presently 37.56%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a report on Friday, August 30th. Oppenheimer upped their price objective on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Robert W. Baird upped their price objective on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Loop Capital decreased their price target on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research note on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $357.89.

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.