Second Line Capital LLC Raises Stock Holdings in Pool Co. (NASDAQ:POOL)

Second Line Capital LLC raised its stake in Pool Co. (NASDAQ:POOL) by 4.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 853 shares of the specialty retailer’s stock after buying an additional 39 shares during the quarter. Second Line Capital LLC’s holdings in Pool were worth $322,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. TD Private Client Wealth LLC lifted its position in shares of Pool by 0.8% during the third quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer’s stock worth $2,732,000 after purchasing an additional 54 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Pool by 2.1% during the third quarter. Toronto Dominion Bank now owns 13,651 shares of the specialty retailer’s stock worth $5,144,000 after acquiring an additional 282 shares during the period. Geode Capital Management LLC raised its stake in shares of Pool by 0.7% in the third quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer’s stock valued at $362,196,000 after acquiring an additional 6,232 shares in the last quarter. Brophy Wealth Management LLC acquired a new stake in shares of Pool in the third quarter valued at $454,000. Finally, M&T Bank Corp boosted its holdings in Pool by 174.0% in the third quarter. M&T Bank Corp now owns 5,689 shares of the specialty retailer’s stock valued at $2,144,000 after purchasing an additional 3,613 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

POOL has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Stifel Nicolaus boosted their price target on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Robert W. Baird lifted their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Finally, Oppenheimer raised their price target on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $369.25.

Pool Stock Performance

NASDAQ POOL opened at $375.10 on Wednesday. The company has a fifty day moving average of $367.75 and a two-hundred day moving average of $352.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The company has a market capitalization of $14.28 billion, a PE ratio of 32.28, a P/E/G ratio of 2.26 and a beta of 1.01.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm’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 EPS. As a group, analysts expect that Pool Co. will post 11.02 earnings per share for the current year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s 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.