Hilltop National Bank Boosts Holdings in Pool Co. (NASDAQ:POOL)

Hilltop National Bank increased its stake in shares of Pool Co. (NASDAQ:POOL) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 412 shares of the specialty retailer’s stock after buying an additional 63 shares during the period. Hilltop National Bank’s holdings in Pool were worth $140,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in Pool during the third quarter worth about $31,000. Wilmington Savings Fund Society FSB purchased a new stake in Pool during the third quarter worth about $60,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Pool by 101.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock worth $123,000 after buying an additional 164 shares during the last quarter. GAMMA Investing LLC increased its holdings in Pool by 24.8% during the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock worth $151,000 after buying an additional 80 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Pool in the third quarter worth about $160,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Loop Capital lifted 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. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday. Robert W. Baird boosted their price objective on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Wells Fargo & Company boosted their price objective on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Oppenheimer boosted their price objective on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Pool currently has an average rating of “Hold” and an average price target of $369.25.

Pool Trading Up 0.5 %

Shares of Pool stock opened at $326.40 on Friday. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The firm has a market cap of $12.42 billion, a PE ratio of 28.09, a PEG ratio of 2.20 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The company has a 50 day simple moving average of $359.22 and a two-hundred day simple moving average of $352.38.

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, topping analysts’ consensus estimates of $3.15 by $0.11. The firm 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 business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.50 EPS. Analysts expect that Pool Co. will post 11.02 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.47%. Pool’s payout ratio is 41.31%.

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.