World Equity Group Inc. Buys New Shares in Pool Co. (NASDAQ:POOL)

World Equity Group Inc. bought a new stake in Pool Co. (NASDAQ:POOL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 798 shares of the specialty retailer’s stock, valued at approximately $272,000.

Other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Pool in the fourth quarter valued at $30,000. Brooklyn Investment Group bought a new position in Pool in the third quarter valued at $31,000. Wilmington Savings Fund Society FSB bought a new position in Pool in the third quarter valued at $60,000. YANKCOM Partnership bought a new position in Pool in the fourth quarter valued at $61,000. Finally, Hilltop National Bank increased its stake in Pool by 18.1% in the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock valued at $140,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Up 0.2 %

NASDAQ POOL opened at $344.73 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The stock has a market capitalization of $13.12 billion, a PE ratio of 30.56, a PEG ratio of 2.03 and a beta of 1.03. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The business’s 50-day moving average is $343.12 and its 200 day moving average is $355.63.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.08. The company had revenue of $987.48 million for the quarter, compared to analysts’ expectations of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. Sell-side analysts forecast that Pool Co. will post 11.32 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on POOL shares. Oppenheimer increased their target price on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Stifel Nicolaus raised their price objective on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company reduced their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $368.00.

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.