Skandinaviska Enskilda Banken AB publ Acquires 1,000 Shares of Pool Co. (NASDAQ:POOL)

Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Pool Co. (NASDAQ:POOL) by 13.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,494 shares of the specialty retailer’s stock after purchasing an additional 1,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Pool were worth $2,608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB bought a new position in Pool during the 1st quarter worth $96,528,000. TD Asset Management Inc raised its stake in Pool by 585.6% in the fourth quarter. TD Asset Management Inc now owns 183,060 shares of the specialty retailer’s stock valued at $72,988,000 after purchasing an additional 156,361 shares in the last quarter. Caledonia Investments PLC bought a new stake in Pool during the second quarter worth about $37,390,000. Norges Bank bought a new position in Pool in the 4th quarter valued at about $44,697,000. Finally, Epoch Investment Partners Inc. increased its holdings in Pool by 711.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 123,419 shares of the specialty retailer’s stock valued at $49,208,000 after buying an additional 108,207 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company lifted their price target on Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Oppenheimer upped their price objective on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Robert W. Baird lifted their target price on Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus boosted their target price on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $350.00.

Pool Trading Up 1.1 %

POOL opened at $368.30 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company’s 50 day moving average price is $351.05 and its two-hundred day moving average price is $358.82. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 2.63 and a beta of 1.00.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping the consensus estimate of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the business earned $5.89 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, research analysts predict that Pool Co. will post 10.99 earnings per share for the current year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s dividend payout ratio (DPR) is presently 37.56%.

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.