Stephens Investment Management Group LLC Cuts Position in Pool Co. (NASDAQ:POOL)

Stephens Investment Management Group LLC cut its holdings in Pool Co. (NASDAQ:POOL) by 2.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 114,623 shares of the specialty retailer’s stock after selling 2,465 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Pool were worth $39,080,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in POOL. Heritage Family Offices LLP increased its stake in shares of 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 purchasing an additional 28 shares in the last quarter. CWM LLC lifted its position in shares of Pool by 3.7% in the third quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock valued at $293,000 after acquiring an additional 28 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Pool by 3.7% in the third quarter. Empirical Finance LLC now owns 1,103 shares of the specialty retailer’s stock valued at $416,000 after acquiring an additional 39 shares in the last quarter. Second Line Capital LLC increased its position in shares of Pool by 4.8% during the third quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock worth $322,000 after purchasing an additional 39 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC increased its position in shares of Pool by 10.1% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Down 1.9 %

Pool stock opened at $331.71 on Friday. The company has a market capitalization of $12.62 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The firm has a 50 day moving average price of $350.06 and a 200 day moving average price of $356.83.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research report on Saturday. Robert W. Baird upped their target price on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Loop Capital lifted their price target on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus boosted their price target 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $368.00.

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.