Toronto Dominion Bank Acquires 282 Shares of Pool Co. (NASDAQ:POOL)

Toronto Dominion Bank increased its holdings in shares of Pool Co. (NASDAQ:POOL) by 2.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,651 shares of the specialty retailer’s stock after purchasing an additional 282 shares during the period. Toronto Dominion Bank’s holdings in Pool were worth $5,144,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of POOL. Brooklyn Investment Group purchased a new stake in Pool during the third quarter worth $31,000. Tortoise Investment Management LLC lifted its stake in shares of Pool by 68.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 42 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of Pool by 232.4% during the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. UMB Bank n.a. boosted its position in Pool by 26.2% during the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 43 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new position in Pool in the second quarter valued at about $74,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

POOL has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Robert W. Baird lifted their price target 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 increased their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus boosted their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $369.25.

Pool Price Performance

Shares of POOL opened at $362.95 on Friday. 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’s fifty day moving average price is $367.75 and its 200-day moving average price is $352.98. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The firm has a market capitalization of $13.81 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 2.27 and a beta of 1.01.

Pool (NASDAQ:POOL) last posted its quarterly 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. Pool had a return on equity of 31.89% and a net margin of 8.42%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the business earned $3.50 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts predict that Pool Co. will post 11.02 EPS for the current year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s payout ratio is 41.31%.

Pool 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.