Thrivent Financial for Lutherans Has $16.10 Million Stake in Pool Co. (NASDAQ:POOL)

Thrivent Financial for Lutherans grew its stake in shares of Pool Co. (NASDAQ:POOL) by 3.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 42,735 shares of the specialty retailer’s stock after buying an additional 1,530 shares during the period. Thrivent Financial for Lutherans owned approximately 0.11% of Pool worth $16,102,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. RiverPark Advisors LLC boosted its stake in Pool by 3.1% during the third quarter. RiverPark Advisors LLC now owns 1,966 shares of the specialty retailer’s stock worth $741,000 after buying an additional 60 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Pool by 10.9% during the 3rd quarter. Natixis Advisors LLC now owns 54,876 shares of the specialty retailer’s stock valued at $20,677,000 after acquiring an additional 5,402 shares in the last quarter. Mizuho Securities USA LLC increased its stake in Pool by 411.4% in the third quarter. Mizuho Securities USA LLC now owns 15,128 shares of the specialty retailer’s stock valued at $5,700,000 after acquiring an additional 12,170 shares during the period. Empirical Finance LLC lifted its stake in Pool by 3.7% during the third quarter. Empirical Finance LLC now owns 1,103 shares of the specialty retailer’s stock worth $416,000 after purchasing an additional 39 shares during the period. Finally, Royce & Associates LP lifted its stake in Pool by 1.4% during the third quarter. Royce & Associates LP now owns 59,644 shares of the specialty retailer’s stock worth $22,474,000 after purchasing an additional 838 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Trading Down 0.5 %

POOL stock opened at $360.98 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. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a market cap of $13.74 billion, a P/E ratio of 31.07, a PEG ratio of 2.18 and a beta of 1.01. The business has a fifty day moving average of $365.35 and a 200-day moving average of $352.38.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. The company had revenue of $1.43 billion for 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 company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.50 EPS. As a group, equities research analysts expect that Pool Co. will post 11 EPS for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.33%. Pool’s dividend payout ratio (DPR) is presently 41.31%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wells Fargo & Company upped their price target on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. 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 upped 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. Stifel Nicolaus lifted their target price on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Robert W. Baird raised 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Pool has a consensus rating of “Hold” and an average price target of $369.11.

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.