Townsquare Capital LLC Increases Stock Position in Pool Co. (NASDAQ:POOL)

Townsquare Capital LLC increased its stake in shares of Pool Co. (NASDAQ:POOL) by 14.0% in the 3rd quarter, Holdings Channel reports. The firm owned 30,793 shares of the specialty retailer’s stock after buying an additional 3,788 shares during the period. Townsquare Capital LLC’s holdings in Pool were worth $11,603,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Swedbank AB bought a new stake in shares of Pool during the 1st quarter valued at about $96,528,000. International Assets Investment Management LLC grew its position in Pool by 37,863.6% during the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after buying an additional 137,445 shares during the period. Caledonia Investments PLC purchased a new stake in Pool during the second quarter valued at approximately $37,390,000. Bank of New York Mellon Corp raised its position in Pool by 26.6% in the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock worth $133,125,000 after acquiring an additional 90,951 shares during the period. Finally, Bridges Investment Management Inc. grew its position in shares of Pool by 170.2% during the 2nd quarter. Bridges Investment Management Inc. now owns 68,159 shares of the specialty retailer’s stock valued at $20,947,000 after acquiring an additional 42,936 shares during the period. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

Shares of NASDAQ POOL opened at $376.83 on Thursday. The company has a market cap of $14.34 billion, a P/E ratio of 32.43, a P/E/G ratio of 2.37 and a beta of 1.01. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. 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 $366.69 and its two-hundred day moving average is $352.35.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 31.89% and a net margin of 8.42%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.50 earnings per share. As a group, analysts anticipate that Pool Co. will post 10.98 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $1.20 per share. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.27%. Pool’s dividend payout ratio (DPR) is 41.31%.

Analysts Set New Price Targets

Several research firms have issued reports on POOL. Robert W. Baird boosted their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Oppenheimer lifted their price target on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Loop Capital increased their price objective 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. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Finally, Stifel Nicolaus upped their target price on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Pool presently has an average rating of “Hold” and a consensus price target of $369.11.

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.