Pool Co. (NASDAQ:POOL) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its holdings in shares of Pool Co. (NASDAQ:POOL) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,513 shares of the specialty retailer’s stock after buying an additional 2,689 shares during the quarter. Fisher Asset Management LLC owned approximately 0.44% of Pool worth $62,742,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in POOL. Tortoise Investment Management LLC grew its position 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 purchasing an additional 42 shares during the period. Crewe Advisors LLC boosted its holdings in Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after buying an additional 79 shares during the last quarter. UMB Bank n.a. increased its stake in Pool by 26.2% during the 2nd 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 Pool in the 2nd quarter valued at $74,000. Finally, Summit Securities Group LLC purchased a new position in shares of Pool in the second quarter worth about $75,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Trading Up 6.4 %

NASDAQ POOL opened at $390.03 on Tuesday. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The firm has a 50 day moving average of $365.93 and a two-hundred day moving average of $352.20. The stock has a market capitalization of $14.84 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating the consensus estimate of $3.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. Pool’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.50 earnings per share. As a group, research analysts expect that Pool Co. will post 11 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is 41.31%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Wells Fargo & Company raised their price target on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Oppenheimer upped their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Loop Capital increased their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus lifted their price target on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. 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. According to data from MarketBeat, Pool presently has a consensus rating of “Hold” and an average target price of $369.11.

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.