Exchange Traded Concepts LLC Buys Shares of 425 Pool Co. (NASDAQ:POOL)

Exchange Traded Concepts LLC purchased a new position in shares of Pool Co. (NASDAQ:POOL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 425 shares of the specialty retailer’s stock, valued at approximately $160,000.

Other institutional investors also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its position in Pool by 68.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 42 shares in the last quarter. Crewe Advisors LLC boosted its stake in shares of Pool by 232.4% during the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Pool by 26.2% during the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after buying an additional 43 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of Pool in the second quarter valued at approximately $74,000. Finally, Summit Securities Group LLC acquired a new position in shares of Pool in the second quarter valued at approximately $75,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on POOL shares. The Goldman Sachs Group lifted their target price on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Robert W. Baird lifted their price objective on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Bank of America reduced their target price on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Wells Fargo & Company lifted their price target on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Oppenheimer increased their price objective on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $357.89.

Pool Price Performance

Pool stock opened at $358.98 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $13.76 billion, a P/E ratio of 28.09, a PEG ratio of 2.70 and a beta of 1.01. The firm has a fifty day moving average of $358.51 and a 200-day moving average of $353.78. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.90 by $0.09. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.89 EPS. As a group, analysts predict that Pool Co. will post 10.98 EPS for the current year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.34%. Pool’s payout ratio is currently 37.56%.

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.