Pool Co. (NASDAQ:POOL) Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc grew its stake in shares of Pool Co. (NASDAQ:POOL) by 8.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 6,086 shares of the specialty retailer’s stock after purchasing an additional 458 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Pool were worth $2,293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Swedbank AB acquired a new position in Pool in the first quarter worth about $96,528,000. International Assets Investment Management LLC grew its position in shares of Pool by 37,863.6% in the 3rd quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after acquiring an additional 137,445 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Pool by 67.4% in the 1st quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock valued at $123,651,000 after acquiring an additional 123,387 shares during the last quarter. Caledonia Investments PLC acquired a new stake in shares of Pool during the 2nd quarter valued at approximately $37,390,000. Finally, Bank of New York Mellon Corp lifted its stake 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 purchasing an additional 90,951 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

Shares of POOL opened at $369.29 on Wednesday. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The stock has a market capitalization of $14.05 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.20 and a beta of 1.01. The firm’s 50 day moving average is $361.58 and its 200-day moving average is $352.58. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. The company had revenue of $1.43 billion for 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 firm’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.50 earnings per share. Equities research analysts anticipate that Pool Co. will post 11.01 EPS for the current fiscal year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 1.30%. Pool’s dividend payout ratio is currently 41.31%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. 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 upped their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Robert W. Baird lifted their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Wells Fargo & Company boosted their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Finally, StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $369.11.

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.