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

Conestoga Capital Advisors LLC grew its position in shares of Pool Co. (NASDAQ:POOL) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,698 shares of the specialty retailer’s stock after purchasing an additional 853 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Pool were worth $35,682,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tortoise Investment Management LLC boosted its holdings in shares of Pool by 68.9% in the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 42 shares during the period. Crewe Advisors LLC grew its position in Pool by 232.4% during the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. UMB Bank n.a. increased its stake in Pool by 26.2% in the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 43 shares during the period. Ridgewood Investments LLC purchased a new stake in shares of Pool in the second quarter valued at about $74,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Pool during the second quarter worth about $75,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Price Performance

POOL stock traded up $3.63 on Friday, reaching $365.27. The company had a trading volume of 56,669 shares, compared to its average volume of 346,454. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The company’s fifty day moving average is $361.07 and its 200 day moving average is $352.82. The company has a market cap of $13.97 billion, a P/E ratio of 31.71, a PEG ratio of 2.21 and a beta of 1.01. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. The business had revenue of $1.43 billion during 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 company’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.50 earnings per share. On average, research analysts forecast that Pool Co. will post 11.01 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.31%. Pool’s payout ratio is currently 41.31%.

Analyst Ratings Changes

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

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.