Coldstream Capital Management Inc. Decreases Stock Holdings in Pool Co. (NASDAQ:POOL)

Coldstream Capital Management Inc. lowered its stake in Pool Co. (NASDAQ:POOL) by 11.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of POOL. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Pool by 1.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock worth $646,291,000 after acquiring an additional 33,955 shares during the period. Geode Capital Management LLC increased its holdings in shares of Pool by 0.7% during 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. Blair William & Co. IL lifted its stake in shares of Pool by 1.3% during the second quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock worth $262,678,000 after buying an additional 11,059 shares during the period. Wasatch Advisors LP increased its holdings in shares of Pool by 0.6% in the third quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer’s stock valued at $213,020,000 after purchasing an additional 3,428 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Pool by 26.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock worth $133,125,000 after buying an additional 90,951 shares during the period. Institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

POOL has been the subject of several research analyst reports. Stifel Nicolaus upped their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Oppenheimer raised their price objective on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Loop Capital upped 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. Wells Fargo & Company lifted their target price 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, Robert W. Baird boosted their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $369.25.

Pool Price Performance

POOL stock opened at $362.95 on Monday. The stock has a 50-day moving average price of $367.75 and a two-hundred day moving average price of $353.00. The company has a market cap of $13.81 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. 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 Co. has a 12-month low of $293.51 and a 12-month high of $422.73.

Pool (NASDAQ:POOL) last announced 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.50 earnings per share. As a group, research analysts predict that Pool Co. will post 11.02 EPS for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $1.20 per share. 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 (DPR) is 41.31%.

Pool 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.