Sheaff Brock Investment Advisors LLC Purchases 98 Shares of Pool Corporation (NASDAQ:POOL)

Sheaff Brock Investment Advisors LLC lifted its stake in shares of Pool Corporation (NASDAQ:POOL) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,703 shares of the specialty retailer’s stock after purchasing an additional 98 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Pool Corporation were worth $906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Pool Corporation by 12,429.3% during the 1st quarter. BlackRock Inc. now owns 3,260,758 shares of the specialty retailer’s stock valued at $389,106,000 after acquiring an additional 3,234,733 shares in the last quarter. Vanguard Group Inc. grew its stake in Pool Corporation by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 3,172,624 shares of the specialty retailer’s stock valued at $378,589,000 after acquiring an additional 126,641 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Pool Corporation by 8.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,991,051 shares of the specialty retailer’s stock valued at $237,591,000 after acquiring an additional 149,808 shares in the last quarter. Eagle Asset Management Inc. grew its stake in Pool Corporation by 11.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,125,341 shares of the specialty retailer’s stock valued at $132,306,000 after acquiring an additional 111,250 shares in the last quarter. Finally, State Street Corp grew its stake in Pool Corporation by 1.4% during the 1st quarter. State Street Corp now owns 1,099,499 shares of the specialty retailer’s stock valued at $131,204,000 after acquiring an additional 14,962 shares in the last quarter. 92.14% of the stock is owned by institutional investors and hedge funds.

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Several brokerages recently issued reports on POOL. Sidoti raised shares of Pool Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $119.00 to $131.00 in a research note on Friday, September 15th. Zacks Investment Research cut shares of Pool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. BidaskClub raised shares of Pool Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Finally, Johnson Rice raised shares of Pool Corporation from an “accumulate” rating to a “buy” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. Pool Corporation presently has an average rating of “Buy” and an average price target of $127.00.

Shares of Pool Corporation (POOL) opened at 107.68 on Friday. The stock has a market cap of $4.44 billion, a PE ratio of 27.99 and a beta of 0.92. The stock has a 50 day moving average of $104.62 and a 200 day moving average of $115.15. Pool Corporation has a 1-year low of $88.65 and a 1-year high of $124.26.

Pool Corporation (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.03). The firm had revenue of $988.16 million for the quarter. Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%. Pool Corporation’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.98 EPS. Equities research analysts forecast that Pool Corporation will post $4.11 EPS for the current year.

Pool Corporation Company Profile

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

Institutional Ownership by Quarter for Pool Corporation (NASDAQ:POOL)

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