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

Heritage Family Offices LLP boosted its position in Pool Co. (NASDAQ:POOL) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,278 shares of the specialty retailer’s stock after purchasing an additional 28 shares during the period. Heritage Family Offices LLP’s holdings in Pool were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC increased its holdings in Pool by 68.9% in the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC increased its holdings in Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 79 shares in the last quarter. UMB Bank n.a. increased its holdings in Pool by 26.2% in the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after buying an additional 43 shares in the last quarter. Ridgewood Investments LLC purchased a new position in Pool in the second quarter valued at about $74,000. Finally, Summit Securities Group LLC purchased a new position in Pool in the second quarter valued at about $75,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Price Performance

POOL opened at $371.98 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The company has a 50-day moving average of $356.96 and a 200-day moving average of $354.55. The company has a market capitalization of $14.26 billion, a P/E ratio of 29.11, a PEG ratio of 2.68 and a beta of 1.01.

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

Pool Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Oppenheimer lifted their target price on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group lifted their price target on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Bank of America decreased their price target on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a report on Tuesday, June 25th. Finally, Stifel Nicolaus lifted their price target on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a report on Friday, August 30th. One 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $357.89.

Pool 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.