Hutchens & Kramer Investment Management Group LLC Invests $250,000 in Pool Co. (NASDAQ:POOL)

Hutchens & Kramer Investment Management Group LLC bought a new stake in Pool Co. (NASDAQ:POOL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 665 shares of the specialty retailer’s stock, valued at approximately $250,000.

Other hedge funds have also recently modified their holdings of the company. Creative Planning boosted its stake in Pool by 1.0% in the third quarter. Creative Planning now owns 5,682 shares of the specialty retailer’s stock valued at $2,141,000 after acquiring an additional 59 shares in the last quarter. Sapient Capital LLC purchased a new stake in shares of Pool in the 3rd quarter valued at about $604,000. CHICAGO TRUST Co NA boosted its position in shares of Pool by 13.5% in the 3rd quarter. CHICAGO TRUST Co NA now owns 2,985 shares of the specialty retailer’s stock valued at $1,125,000 after purchasing an additional 355 shares during the period. Exchange Traded Concepts LLC purchased a new position in Pool during the 3rd quarter worth approximately $160,000. Finally, Gateway Investment Advisers LLC grew its stake in Pool by 7.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 1,090 shares of the specialty retailer’s stock worth $411,000 after buying an additional 71 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Price Performance

POOL stock traded down $3.63 on Tuesday, reaching $364.68. 316,279 shares of the company’s stock were exchanged, compared to its average volume of 350,255. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The stock has a fifty day moving average of $356.76 and a 200-day moving average of $354.82. The firm has a market cap of $13.98 billion, a PE ratio of 29.17, a P/E/G ratio of 2.68 and a beta of 1.01.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. Pool had a net margin of 8.58% and a return on equity of 32.85%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the firm earned $5.89 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. As a group, equities analysts predict that Pool Co. will post 10.98 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.32%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio (DPR) is 37.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stephens lowered their target price on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 25th. Bank of America dropped their price objective on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 25th. Loop Capital decreased their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday, June 25th. Oppenheimer upped their price objective on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $354.44.

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.