Pool Co. (NASDAQ:POOL) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its holdings in Pool Co. (NASDAQ:POOL) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,741 shares of the specialty retailer’s stock after selling 1,052 shares during the period. Bank of Montreal Can owned about 0.09% of Pool worth $12,570,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Associated Banc Corp purchased a new stake in shares of Pool during the third quarter worth about $244,000. Fisher Asset Management LLC increased its stake in Pool by 1.6% during the 3rd quarter. Fisher Asset Management LLC now owns 166,513 shares of the specialty retailer’s stock worth $62,742,000 after buying an additional 2,689 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Pool by 4.7% during the third quarter. Cerity Partners LLC now owns 2,262 shares of the specialty retailer’s stock valued at $852,000 after acquiring an additional 101 shares during the last quarter. Nicolet Advisory Services LLC lifted its position in shares of Pool by 6.5% in the third quarter. Nicolet Advisory Services LLC now owns 1,774 shares of the specialty retailer’s stock valued at $659,000 after acquiring an additional 108 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in shares of Pool by 8.1% in the third quarter. Raymond James Trust N.A. now owns 2,273 shares of the specialty retailer’s stock worth $856,000 after acquiring an additional 170 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on POOL. Wells Fargo & Company increased their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Oppenheimer raised their price target on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Loop Capital raised their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus boosted their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Pool currently has an average rating of “Hold” and a consensus price target of $369.11.

Pool Stock Up 0.1 %

POOL stock opened at $377.09 on Monday. The firm has a market cap of $14.35 billion, a PE ratio of 32.45, a PEG ratio of 2.29 and a beta of 1.01. Pool Co. has a one year low of $293.51 and a one year 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’s 50 day moving average price is $367.20 and its 200-day moving average price is $352.33.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion for 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 company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.50 EPS. On average, equities research analysts anticipate that Pool Co. will post 10.98 EPS for the current year.

Pool Dividend Announcement

The business also recently announced 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. This represents a $4.80 annualized dividend and a yield of 1.27%. The ex-dividend date was Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is presently 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.