CIBC Asset Management Inc Purchases 217 Shares of Pool Co. (NASDAQ:POOL)

CIBC Asset Management Inc lifted its holdings in Pool Co. (NASDAQ:POOL) by 3.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,818 shares of the specialty retailer’s stock after purchasing an additional 217 shares during the period. CIBC Asset Management Inc’s holdings in Pool were worth $1,984,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in POOL. Principal Financial Group Inc. increased its holdings in Pool by 4.6% during the fourth quarter. Principal Financial Group Inc. now owns 88,583 shares of the specialty retailer’s stock valued at $30,201,000 after buying an additional 3,890 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Pool during the 4th quarter valued at $30,000. PUREfi Wealth LLC purchased a new stake in shares of Pool in the 4th quarter worth $251,000. Vontobel Holding Ltd. raised its holdings in Pool by 457.6% in the 4th quarter. Vontobel Holding Ltd. now owns 5,548 shares of the specialty retailer’s stock worth $1,892,000 after purchasing an additional 4,553 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Pool by 816.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock valued at $13,601,000 after purchasing an additional 36,403 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on POOL shares. Wells Fargo & Company reduced their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Stifel Nicolaus increased their target price on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Loop Capital lifted their price target on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Oppenheimer upped their target price on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $368.00.

Pool Stock Performance

POOL opened at $344.00 on Friday. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 1.93 and a beta of 1.03. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. 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 fifty day moving average of $343.47 and a 200 day moving average of $355.62.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $987.48 million during the quarter, compared to analyst estimates of $961.04 million. Pool had a return on equity of 31.89% and a net margin of 8.42%. As a group, sell-side analysts forecast that Pool Co. will post 11.05 earnings per share for the current fiscal year.

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.