Diversify Wealth Management LLC Purchases 953 Shares of Pool Co. (NASDAQ:POOL)

Diversify Wealth Management LLC boosted its holdings in shares of Pool Co. (NASDAQ:POOL) by 19.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,744 shares of the specialty retailer’s stock after buying an additional 953 shares during the period. Diversify Wealth Management LLC’s holdings in Pool were worth $1,875,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in POOL. Brooklyn Investment Group bought a new stake in Pool during the 3rd quarter worth approximately $31,000. Wilmington Savings Fund Society FSB purchased a new stake in Pool in the 3rd quarter valued at $60,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Pool by 101.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock valued at $123,000 after acquiring an additional 164 shares in the last quarter. Hilltop National Bank boosted its holdings in Pool by 18.1% during the 4th quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after acquiring an additional 63 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Pool by 24.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock worth $151,000 after acquiring an additional 80 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Pool Stock Up 0.2 %

POOL stock opened at $350.26 on Tuesday. The stock has a fifty day moving average of $355.49 and a 200-day moving average of $354.58. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 1.83 and a beta of 1.03. 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 (NASDAQ:POOL) last posted its 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. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $3.50 earnings per share. As a group, equities research analysts predict that Pool Co. will post 11.03 earnings per share for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is presently 41.31%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Robert W. Baird raised their price target on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. 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 report on Friday, October 25th. Stifel Nicolaus upped their target price on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a report on Monday, October 28th. Oppenheimer lifted their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company upped their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $369.25.

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.