Pool Co. (NASDAQ:POOL) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its stake in Pool Co. (NASDAQ:POOL) by 1.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 12,996 shares of the specialty retailer’s stock after selling 130 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Pool were worth $4,897,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of POOL. Taylor Frigon Capital Management LLC grew its position in Pool by 0.8% in the second quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock valued at $1,089,000 after acquiring an additional 28 shares in the last quarter. Heritage Family Offices LLP grew its holdings in Pool by 2.2% during the 3rd quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock valued at $482,000 after purchasing an additional 28 shares in the last quarter. CWM LLC increased its stake in Pool by 3.7% during the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock worth $293,000 after buying an additional 28 shares during the period. TIAA Trust National Association lifted its holdings in Pool by 4.2% in the 1st quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock worth $301,000 after buying an additional 30 shares in the last quarter. Finally, Aurora Investment Counsel lifted its holdings in Pool by 0.6% in the 2nd quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock worth $1,542,000 after buying an additional 30 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Stock Up 1.8 %

POOL stock opened at $357.49 on Friday. The firm has a market cap of $13.61 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.13 and a beta of 1.01. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The firm has a fifty day moving average price of $363.76 and a two-hundred day moving average price of $352.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77.

Pool (NASDAQ:POOL) last announced 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. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. Research analysts predict that Pool Co. will post 11 EPS for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors 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 is currently 41.31%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Robert W. Baird lifted their target price on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Stifel Nicolaus lifted their price objective on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Wells Fargo & Company lifted 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. Finally, Loop Capital upped their price target on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.