RiverPark Advisors LLC Boosts Stake in Pool Co. (NASDAQ:POOL)

RiverPark Advisors LLC increased its stake in Pool Co. (NASDAQ:POOL) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,966 shares of the specialty retailer’s stock after purchasing an additional 60 shares during the quarter. RiverPark Advisors LLC’s holdings in Pool were worth $741,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its holdings in Pool by 10.9% during the 3rd quarter. Natixis Advisors LLC now owns 54,876 shares of the specialty retailer’s stock valued at $20,677,000 after buying an additional 5,402 shares during the last quarter. Mizuho Securities USA LLC increased its position in Pool by 411.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 15,128 shares of the specialty retailer’s stock worth $5,700,000 after purchasing an additional 12,170 shares in the last quarter. Empirical Finance LLC increased its position in Pool by 3.7% during the 3rd quarter. Empirical Finance LLC now owns 1,103 shares of the specialty retailer’s stock worth $416,000 after purchasing an additional 39 shares in the last quarter. Royce & Associates LP increased its position in Pool by 1.4% during the 3rd quarter. Royce & Associates LP now owns 59,644 shares of the specialty retailer’s stock worth $22,474,000 after purchasing an additional 838 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in Pool by 8.2% during the 3rd quarter. CIBC Asset Management Inc now owns 5,601 shares of the specialty retailer’s stock worth $2,110,000 after purchasing an additional 423 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Performance

Shares of NASDAQ:POOL opened at $359.42 on Friday. The company has a market cap of $13.68 billion, a P/E ratio of 30.93, a PEG ratio of 2.18 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 Co. has a one year low of $293.51 and a one year high of $422.73. The business’s 50-day simple moving average is $364.43 and its 200 day simple moving average is $352.37.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the business posted $3.50 EPS. On average, sell-side analysts forecast that Pool Co. will post 11 earnings per share for the current fiscal year.

Pool Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Oppenheimer lifted their price objective on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company raised their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Robert W. Baird raised their price target on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group raised their price target on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.