Harbor Investment Advisory LLC Purchases New Position in Pool Co. (NASDAQ:POOL)

Harbor Investment Advisory LLC purchased a new stake in shares of Pool Co. (NASDAQ:POOL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 800 shares of the specialty retailer’s stock, valued at approximately $273,000.

Several other institutional investors also recently bought and sold shares of POOL. Brooklyn Investment Group acquired a new stake in Pool in the third quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB acquired a new stake in Pool in the third quarter valued at approximately $60,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Pool by 101.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 164 shares during the period. Hilltop National Bank grew its holdings in Pool by 18.1% in the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock valued at $140,000 after purchasing an additional 63 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Pool by 24.8% in the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock valued at $151,000 after purchasing an additional 80 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

POOL has been the topic of several research analyst reports. Oppenheimer raised their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Stifel Nicolaus lifted 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 boosted their price target on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Wells Fargo & Company boosted their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Finally, StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Sunday. Two 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $369.25.

Pool Stock Up 0.2 %

Shares of NASDAQ:POOL opened at $359.93 on Thursday. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $355.72 and a two-hundred day moving average of $355.03. The stock has a market cap of $13.70 billion, a P/E ratio of 30.98, a PEG ratio of 1.96 and a beta of 1.03. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business earned $3.50 EPS. On average, research analysts expect that Pool Co. will post 11.03 earnings per share for the current year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is presently 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.