Cwm LLC Increases Holdings in Pool Co. (NASDAQ:POOL)

Cwm LLC boosted its stake in Pool Co. (NASDAQ:POOL) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 777 shares of the specialty retailer’s stock after purchasing an additional 28 shares during the period. Cwm LLC’s holdings in Pool were worth $293,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in POOL. Tortoise Investment Management LLC grew its stake in shares of Pool by 68.9% in the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC grew its position in Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 79 shares in the last quarter. UMB Bank n.a. grew its position in Pool by 26.2% in the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after acquiring an additional 43 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Pool during the second quarter valued at approximately $74,000. Finally, Summit Securities Group LLC acquired a new position in shares of Pool during the second quarter worth $75,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Performance

POOL stock opened at $358.98 on Tuesday. The stock’s fifty day moving average is $358.51 and its two-hundred day moving average is $353.78. The stock has a market capitalization of $13.76 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 2.70 and a beta of 1.01. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73.

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

Pool Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stephens lowered their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday, June 25th. Loop Capital dropped their target price on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research report on Tuesday, June 25th. Oppenheimer increased their price target on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, July 26th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Bank of America cut 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $357.89.

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.