Pool Co. (NASDAQ:POOL) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC boosted its holdings in Pool Co. (NASDAQ:POOL) by 57.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,661 shares of the specialty retailer’s stock after buying an additional 2,441 shares during the period. Tidal Investments LLC’s holdings in Pool were worth $2,510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Taylor Frigon Capital Management LLC increased its stake in Pool by 0.8% during the second quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock worth $1,089,000 after acquiring an additional 28 shares during the last quarter. Heritage Family Offices LLP increased its position in Pool by 2.2% during the 3rd quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock worth $482,000 after purchasing an additional 28 shares in the last quarter. CWM LLC increased its position in Pool by 3.7% during the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock worth $293,000 after purchasing an additional 28 shares in the last quarter. Aurora Investment Counsel raised its holdings in Pool by 0.6% in the second quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock valued at $1,542,000 after buying an additional 30 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its position in Pool by 1.3% during the second quarter. First Citizens Bank & Trust Co. now owns 2,405 shares of the specialty retailer’s stock valued at $739,000 after buying an additional 31 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on POOL shares. Wells Fargo & Company increased their price objective on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Loop Capital raised their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Oppenheimer upped their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Robert W. Baird raised their target price on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus upped 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 investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Pool has an average rating of “Hold” and an average target price of $369.25.

Pool Trading Down 1.8 %

Shares of POOL opened at $362.95 on Monday. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The stock has a 50-day moving average price of $367.75 and a 200 day moving average price of $353.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The company has a market capitalization of $13.81 billion, a P/E ratio of 31.23, a P/E/G ratio of 2.20 and a beta of 1.01.

Pool (NASDAQ:POOL) last released 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 company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The business’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.50 EPS. Sell-side analysts forecast that Pool Co. will post 11.02 EPS for the current fiscal year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $1.20 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.32%. Pool’s dividend payout ratio (DPR) 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.