Victory Capital Management Inc. Has $11.16 Million Stock Position in Pool Co. (NASDAQ:POOL)

Victory Capital Management Inc. lifted its position in shares of Pool Co. (NASDAQ:POOL) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,605 shares of the specialty retailer’s stock after buying an additional 1,173 shares during the quarter. Victory Capital Management Inc. owned about 0.08% of Pool worth $11,155,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of Pool during the third quarter worth $1,129,000. Versor Investments LP bought a new position in shares of Pool in the third quarter valued at $720,000. Venturi Wealth Management LLC lifted its stake in shares of Pool by 57.7% in the third quarter. Venturi Wealth Management LLC now owns 1,079 shares of the specialty retailer’s stock valued at $407,000 after buying an additional 395 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of Pool by 46.9% in the third quarter. Axxcess Wealth Management LLC now owns 1,633 shares of the specialty retailer’s stock valued at $615,000 after buying an additional 521 shares in the last quarter. Finally, Sigma Planning Corp lifted its stake in shares of Pool by 17.8% in the third quarter. Sigma Planning Corp now owns 1,853 shares of the specialty retailer’s stock valued at $698,000 after buying an additional 280 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on POOL shares. Robert W. Baird raised their price objective on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Stifel Nicolaus raised their price objective on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group raised their price target on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Loop Capital raised their price target on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $369.11.

Pool Trading Down 0.5 %

Shares of Pool stock opened at $360.98 on Thursday. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The firm has a market cap of $13.74 billion, a PE ratio of 31.07, a PEG ratio of 2.18 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The company has a 50 day simple moving average of $365.35 and a two-hundred day simple moving average of $352.38.

Pool (NASDAQ:POOL) last announced its 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. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business posted $3.50 earnings per share. Pool’s revenue for the quarter was down 2.8% on a year-over-year basis. Analysts expect that Pool Co. will post 11 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.33%. Pool’s payout ratio is 41.31%.

Pool Company 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.