Pool Co. (NASDAQ:POOL) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its stake in Pool Co. (NASDAQ:POOL) by 411.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,128 shares of the specialty retailer’s stock after acquiring an additional 12,170 shares during the quarter. Mizuho Securities USA LLC’s holdings in Pool were worth $5,700,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. QRG Capital Management Inc. boosted its position in shares of Pool by 9.8% during the first quarter. QRG Capital Management Inc. now owns 629 shares of the specialty retailer’s stock worth $254,000 after buying an additional 56 shares during the period. Bleakley Financial Group LLC lifted its holdings in Pool by 10.5% during the 1st quarter. Bleakley Financial Group LLC now owns 894 shares of the specialty retailer’s stock worth $361,000 after buying an additional 85 shares in the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Pool in the first quarter worth $202,000. M&G Plc purchased a new stake in shares of Pool during the first quarter worth $4,436,000. Finally, TIAA Trust National Association grew its stake in Pool by 4.2% during the 1st quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock worth $301,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

POOL has been the topic of a number of analyst reports. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Oppenheimer boosted their price target on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. 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 report on Friday, July 26th. Loop Capital increased their target price on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus lifted 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $369.11.

Pool Stock Performance

Shares of POOL stock opened at $359.42 on Friday. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a market cap of $13.68 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 2.18 and a beta of 1.01. The stock has a 50 day simple moving average of $364.43 and a 200-day simple moving average of $352.37.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping 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 business’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 EPS. On average, equities analysts forecast that Pool Co. will post 11 EPS for the current year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.34%. Pool’s dividend payout ratio is presently 41.31%.

Pool Company Profile

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.