Pool Co. (NASDAQ:POOL) Position Decreased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. cut its stake in shares of Pool Co. (NASDAQ:POOL) by 11.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 892 shares of the specialty retailer’s stock after selling 116 shares during the period. Coldstream Capital Management Inc.’s holdings in Pool were worth $336,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of POOL. Taylor Frigon Capital Management LLC boosted its position in Pool by 0.8% during the second quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock worth $1,089,000 after purchasing an additional 28 shares during the period. Heritage Family Offices LLP raised its stake in Pool by 2.2% during the third quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock worth $482,000 after acquiring an additional 28 shares in the last quarter. CWM LLC lifted its holdings in Pool by 3.7% during the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock valued at $293,000 after purchasing an additional 28 shares during the last quarter. Aurora Investment Counsel boosted its holdings in shares of Pool by 0.6% in the 2nd quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock worth $1,542,000 after acquiring an additional 30 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in Pool by 1.3% in the second quarter. First Citizens Bank & Trust Co. now owns 2,405 shares of the specialty retailer’s stock worth $739,000 after purchasing an additional 31 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Robert W. Baird raised their target price on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Oppenheimer boosted their price objective on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company upped their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Stifel Nicolaus lifted their price objective on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Loop Capital increased their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $369.25.

Pool Trading Down 1.8 %

NASDAQ:POOL opened at $362.95 on Monday. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The firm has a market capitalization of $13.81 billion, a P/E ratio of 31.23, a P/E/G ratio of 2.20 and a beta of 1.01. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average of $367.75 and a 200 day moving average of $353.00.

Pool (NASDAQ:POOL) last posted 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 company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. Pool’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the company posted $3.50 earnings per share. On average, research analysts predict that Pool Co. will post 11.02 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. Shareholders of record on Wednesday, November 13th were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.32%. 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.