Nicolet Advisory Services LLC Boosts Stake in Pool Co. (NASDAQ:POOL)

Nicolet Advisory Services LLC boosted its stake in Pool Co. (NASDAQ:POOL) by 6.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,774 shares of the specialty retailer’s stock after purchasing an additional 108 shares during the period. Nicolet Advisory Services LLC’s holdings in Pool were worth $659,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on POOL shares. Stifel Nicolaus increased their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Robert W. Baird lifted their target price on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Wells Fargo & Company increased their price objective on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Oppenheimer boosted their target price on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $369.11.

Pool Price Performance

Pool stock opened at $366.49 on Friday. The firm has a market capitalization of $13.95 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 2.21 and a beta of 1.01. The firm has a 50-day moving average price of $365.93 and a 200-day moving average price of $352.43. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. The business had revenue of $1.43 billion for 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 company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $3.50 earnings per share. As a group, equities research analysts forecast that Pool Co. will post 11 EPS for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 1.31%. Pool’s dividend payout ratio 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.