Conestoga Capital Advisors LLC Boosts Stock Position in Pool Co. (NASDAQ:POOL)

Conestoga Capital Advisors LLC lifted its stake in shares of Pool Co. (NASDAQ:POOL) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,698 shares of the specialty retailer’s stock after purchasing an additional 853 shares during the period. Conestoga Capital Advisors LLC owned about 0.25% of Pool worth $35,682,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of Pool by 37,863.6% during the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after acquiring an additional 137,445 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Pool by 154.0% in the 1st quarter. Nordea Investment Management AB now owns 124,784 shares of the specialty retailer’s stock valued at $50,856,000 after purchasing an additional 75,655 shares in the last quarter. TD Asset Management Inc boosted its stake in Pool by 67.4% during the 1st quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock worth $123,651,000 after purchasing an additional 123,387 shares during the last quarter. M&G Plc purchased a new stake in shares of Pool during the first quarter worth $4,436,000. Finally, Toronto Dominion Bank raised its position in shares of Pool by 16.1% in the second quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock valued at $4,109,000 after buying an additional 1,858 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on POOL shares. The Goldman Sachs Group boosted their price target on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Loop Capital upped their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price objective on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday. Wells Fargo & Company raised their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Finally, StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $369.11.

Pool Trading Up 1.0 %

NASDAQ POOL traded up $3.63 on Friday, reaching $365.27. The stock had a trading volume of 56,669 shares, compared to its average volume of 346,454. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The stock has a fifty day moving average price of $361.07 and a two-hundred day moving average price of $352.82. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of 31.71, a P/E/G ratio of 2.21 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 released its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.50 EPS. As a group, sell-side analysts forecast that Pool Co. will post 11.01 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.31%. Pool’s dividend payout ratio (DPR) 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.