MML Investors Services LLC Increases Stock Position in Pool Co. (NASDAQ:POOL)

MML Investors Services LLC increased its stake in shares of Pool Co. (NASDAQ:POOL) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,342 shares of the specialty retailer’s stock after purchasing an additional 235 shares during the period. MML Investors Services LLC’s holdings in Pool were worth $2,390,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in POOL. Zacks Investment Management raised its stake in Pool by 3.9% during the 3rd quarter. Zacks Investment Management now owns 1,918 shares of the specialty retailer’s stock valued at $723,000 after buying an additional 72 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Pool in the third quarter worth $40,750,000. National Bank of Canada FI increased its position in Pool by 46.6% during the third quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock valued at $5,869,000 after acquiring an additional 4,954 shares during the last quarter. Wahed Invest LLC lifted its holdings in Pool by 11.3% in the third quarter. Wahed Invest LLC now owns 905 shares of the specialty retailer’s stock valued at $341,000 after acquiring an additional 92 shares during the period. Finally, Stifel Financial Corp boosted its position in Pool by 1.5% in the third quarter. Stifel Financial Corp now owns 99,279 shares of the specialty retailer’s stock worth $37,410,000 after purchasing an additional 1,427 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company upped 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 report on Saturday, November 2nd. Loop Capital lifted their price target 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. Oppenheimer upped their price objective on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, Stifel Nicolaus lifted their target price on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Pool presently has an average rating of “Hold” and a consensus price target of $369.25.

Pool Stock Down 1.8 %

POOL opened at $362.95 on Monday. The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The firm’s fifty day moving average is $367.75 and its 200 day moving average is $353.00. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 EPS 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 period in the previous year, the business earned $3.50 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts forecast that Pool Co. will post 11.02 earnings per share for the current fiscal year.

Pool Dividend Announcement

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

About Pool

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.