Oppenheimer Asset Management Inc. Decreases Stock Holdings in Pool Co. (NASDAQ:POOL)

Oppenheimer Asset Management Inc. cut its stake in Pool Co. (NASDAQ:POOL) by 1.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,996 shares of the specialty retailer’s stock after selling 130 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Pool were worth $4,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in Pool by 37,863.6% in the 3rd quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after buying an additional 137,445 shares in the last quarter. M&G Plc purchased a new stake in shares of Pool in the first quarter valued at about $4,436,000. Toronto Dominion Bank grew its holdings 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 purchasing an additional 1,858 shares during the period. Torray Investment Partners LLC increased its position in Pool by 16.8% during the second quarter. Torray Investment Partners LLC now owns 14,128 shares of the specialty retailer’s stock worth $4,342,000 after purchasing an additional 2,034 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its stake in Pool by 459.3% during the first quarter. UniSuper Management Pty Ltd now owns 2,724 shares of the specialty retailer’s stock worth $1,099,000 after purchasing an additional 2,237 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

POOL has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Robert W. Baird lifted their target price on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Stifel Nicolaus increased their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. The Goldman Sachs Group boosted their price objective on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Loop Capital increased their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Pool has an average rating of “Hold” and a consensus price target of $369.11.

Pool Trading Up 1.8 %

Shares of Pool stock opened at $357.49 on Friday. The firm has a market cap of $13.61 billion, a PE ratio of 30.77, a P/E/G ratio of 2.13 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 Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The business’s fifty day moving average is $363.76 and its two-hundred day moving average is $352.48.

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

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 1.34%. Pool’s dividend payout ratio (DPR) is 41.31%.

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.