665 Shares in Pool Co. (NASDAQ:POOL) Acquired by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC bought a new stake in Pool Co. (NASDAQ:POOL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 665 shares of the specialty retailer’s stock, valued at approximately $250,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tortoise Investment Management LLC lifted its stake in shares of Pool by 68.9% in the 2nd 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 in the last quarter. Crewe Advisors LLC grew its stake in Pool by 232.4% during the second 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 period. UMB Bank n.a. increased its position in shares of Pool by 26.2% in the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after acquiring an additional 43 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of Pool in the 2nd quarter valued at $74,000. Finally, Summit Securities Group LLC purchased a new position in shares of Pool in the 2nd quarter valued at $75,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Down 1.0 %

POOL traded down $3.63 during trading on Tuesday, hitting $364.68. The company had a trading volume of 316,279 shares, compared to its average volume of 350,255. The company has a market cap of $13.98 billion, a PE ratio of 29.17, a P/E/G ratio of 2.68 and a beta of 1.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The business has a 50-day moving average of $356.76 and a 200-day moving average of $354.82.

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

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.32%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio (DPR) is presently 37.56%.

Analyst Ratings Changes

Several brokerages recently issued reports on POOL. 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. Bank of America decreased their price target on Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a report on Tuesday, June 25th. Robert W. Baird lifted their price objective on shares of Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, The Goldman Sachs Group upped their target price on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $354.44.

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.