ArrowMark Colorado Holdings LLC Decreases Position in Pool Co. (NASDAQ:POOL)

ArrowMark Colorado Holdings LLC lowered its position in Pool Co. (NASDAQ:POOL) by 13.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 82,928 shares of the specialty retailer’s stock after selling 13,195 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Pool were worth $31,247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Pool in the first quarter valued at about $393,000. Cetera Investment Advisers lifted its stake in Pool by 301.7% in the 1st quarter. Cetera Investment Advisers now owns 7,058 shares of the specialty retailer’s stock valued at $2,848,000 after buying an additional 5,301 shares in the last quarter. Cetera Advisors LLC increased its position in Pool by 123.9% during the first quarter. Cetera Advisors LLC now owns 1,939 shares of the specialty retailer’s stock worth $782,000 after buying an additional 1,073 shares in the last quarter. DNB Asset Management AS raised its holdings in shares of Pool by 11.0% in the second quarter. DNB Asset Management AS now owns 6,054 shares of the specialty retailer’s stock worth $1,861,000 after acquiring an additional 598 shares during the last quarter. Finally, Mather Group LLC. lifted its position in shares of Pool by 17.4% in the second quarter. Mather Group LLC. now owns 593 shares of the specialty retailer’s stock valued at $182,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Trading Up 0.1 %

POOL stock opened at $377.09 on Monday. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The company has a market cap of $14.35 billion, a price-to-earnings ratio of 32.45, a PEG ratio of 2.29 and a beta of 1.01. The business has a fifty day simple moving average of $367.20 and a 200-day simple moving average of $352.33. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly 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 during the quarter, compared to analyst estimates of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.50 earnings per share. On average, equities research analysts expect that Pool Co. will post 10.98 EPS for the current year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.27%. Pool’s dividend payout ratio is currently 41.31%.

Analysts Set New Price Targets

A number of analysts recently commented on POOL shares. Robert W. Baird lifted their price objective on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Oppenheimer boosted their price objective on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Stifel Nicolaus lifted their target price on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Wells Fargo & Company increased 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. Finally, StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, 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.