Pool Co. (NASDAQ:POOL) Shares Bought by Stifel Financial Corp

Stifel Financial Corp increased its stake in Pool Co. (NASDAQ:POOL) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,279 shares of the specialty retailer’s stock after purchasing an additional 1,427 shares during the quarter. Stifel Financial Corp owned about 0.26% of Pool worth $37,410,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of POOL. Berkshire Hathaway Inc acquired a new position in shares of Pool during the third quarter valued at approximately $152,249,000. International Assets Investment Management LLC increased its position in shares of Pool by 37,863.6% during the 3rd quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after purchasing an additional 137,445 shares during the period. Caledonia Investments PLC acquired a new stake in shares of Pool in the second quarter valued at $37,390,000. Bank of New York Mellon Corp grew its holdings in Pool by 26.6% during the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock worth $133,125,000 after acquiring an additional 90,951 shares during the period. Finally, Benjamin Edwards Inc. raised its position in Pool by 1,250.8% in the third quarter. Benjamin Edwards Inc. now owns 57,802 shares of the specialty retailer’s stock worth $21,785,000 after acquiring an additional 53,523 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on POOL. Oppenheimer boosted 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. Robert W. Baird raised their price objective on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Wells Fargo & Company boosted their price objective on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Finally, Loop Capital upped their price objective on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $369.11.

Pool Stock Down 0.4 %

Pool stock opened at $372.93 on Friday. Pool Co. has a twelve month low of $293.51 and a twelve month 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 firm has a market cap of $14.19 billion, a PE ratio of 32.09, a P/E/G ratio of 2.26 and a beta of 1.01. The firm’s 50 day moving average price is $367.69 and its two-hundred day moving average price is $352.65.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11. The business 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%. Pool’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company earned $3.50 earnings per share. On average, research analysts predict that Pool Co. will post 11.02 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.29%. Pool’s payout ratio is 41.31%.

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.