Pool Co. (NASDAQ:POOL) Position Lowered by Congress Asset Management Co.

Congress Asset Management Co. lowered its position in shares of Pool Co. (NASDAQ:POOL) by 7.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 321,361 shares of the specialty retailer’s stock after selling 24,492 shares during the quarter. Congress Asset Management Co. owned about 0.84% of Pool worth $121,089,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of Pool by 46.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,376 shares of the specialty retailer’s stock worth $1,766,000 after purchasing an additional 1,385 shares during the period. First Trust Direct Indexing L.P. boosted its holdings in shares of Pool by 11.7% during the first quarter. First Trust Direct Indexing L.P. now owns 679 shares of the specialty retailer’s stock valued at $274,000 after acquiring an additional 71 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Pool by 8.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 5,359 shares of the specialty retailer’s stock worth $2,162,000 after acquiring an additional 422 shares during the period. Van ECK Associates Corp lifted its position in Pool by 6.6% in the 1st quarter. Van ECK Associates Corp now owns 7,270 shares of the specialty retailer’s stock valued at $2,933,000 after purchasing an additional 449 shares during the last quarter. Finally, Norden Group LLC boosted its position in shares of Pool by 23.7% during the first quarter. Norden Group LLC now owns 3,503 shares of the specialty retailer’s stock worth $1,413,000 after buying an additional 671 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Trading Down 0.7 %

POOL stock traded down $2.56 during midday trading on Thursday, hitting $361.89. 18,925 shares of the company’s stock were exchanged, compared to its average volume of 346,694. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The stock’s fifty day moving average price is $360.80 and its 200-day moving average price is $352.76. The company has a market cap of $13.85 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.68 and a beta of 1.01.

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, topping the consensus estimate of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the firm earned $3.50 EPS. The business’s quarterly revenue was down 2.8% on a year-over-year basis. Research analysts predict that Pool Co. will post 11.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on POOL. Stifel Nicolaus raised their target price on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday. Wells Fargo & Company boosted their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Oppenheimer upped their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday. Loop Capital upped their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group raised their price target on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $369.11.

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.