Pool Co. (NASDAQ:POOL) Shares Acquired by Second Line Capital LLC

Second Line Capital LLC increased its stake in shares of Pool Co. (NASDAQ:POOL) by 4.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 853 shares of the specialty retailer’s stock after purchasing an additional 39 shares during the period. Second Line Capital LLC’s holdings in Pool were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Pool in the 3rd quarter worth $31,000. Tortoise Investment Management LLC lifted its position in 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 purchasing an additional 42 shares during the period. Crewe Advisors LLC boosted its holdings in Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Pool by 26.2% during the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after buying an additional 43 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of Pool in the 2nd quarter valued at approximately $74,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on POOL shares. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Stifel Nicolaus boosted their target price on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Robert W. Baird boosted their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Oppenheimer lifted their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company lifted their price objective on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $369.25.

Pool Price Performance

Shares of NASDAQ POOL opened at $375.10 on Wednesday. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $14.28 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 2.26 and a beta of 1.01. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The business has a 50 day simple moving average of $367.75 and a 200-day simple moving average of $352.74.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.50 earnings per share. As a group, equities research analysts expect that Pool Co. will post 11.02 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $1.20 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 1.28%. Pool’s dividend payout ratio is currently 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.