GAMMA Investing LLC Acquires 370 Shares of Pool Co. (NASDAQ:POOL)

GAMMA Investing LLC grew its holdings in Pool Co. (NASDAQ:POOL) by 92.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 772 shares of the specialty retailer’s stock after buying an additional 370 shares during the quarter. GAMMA Investing LLC’s holdings in Pool were worth $263,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Pool by 22.7% during the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after acquiring an additional 232,914 shares during the period. Lord Abbett & CO. LLC increased its position in shares of Pool by 44.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock worth $81,981,000 after purchasing an additional 66,791 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in Pool during the 3rd quarter valued at about $765,000. Peapack Gladstone Financial Corp acquired a new position in Pool in the third quarter valued at about $217,000. Finally, Tidal Investments LLC grew its stake in Pool by 57.8% during the third quarter. Tidal Investments LLC now owns 6,661 shares of the specialty retailer’s stock worth $2,510,000 after buying an additional 2,441 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on POOL shares. Loop Capital boosted their target price on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Robert W. Baird boosted their price objective on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised their target price on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Stifel Nicolaus upped their price target on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $369.25.

Pool Trading Down 1.4 %

POOL opened at $327.97 on Wednesday. The firm has a 50 day simple moving average of $360.75 and a 200 day simple moving average of $352.77. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 2.20 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the business posted $3.50 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts anticipate that Pool Co. will post 11.02 earnings per share for the current year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.46%. Pool’s dividend payout ratio is 41.31%.

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.