Freedom Investment Management Inc. Has $240,000 Stock Position in Pool Co. (NASDAQ:POOL)

Freedom Investment Management Inc. decreased its holdings in Pool Co. (NASDAQ:POOL) by 6.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 636 shares of the specialty retailer’s stock after selling 43 shares during the period. Freedom Investment Management Inc.’s holdings in Pool were worth $240,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of POOL. Townsquare Capital LLC raised its position in shares of Pool by 14.0% during the third quarter. Townsquare Capital LLC now owns 30,793 shares of the specialty retailer’s stock worth $11,603,000 after acquiring an additional 3,788 shares during the last quarter. Brooklyn Investment Group bought a new position in Pool during the 3rd quarter worth approximately $31,000. Associated Banc Corp bought a new position in Pool during the 3rd quarter worth approximately $244,000. Fisher Asset Management LLC lifted its position in shares of Pool by 1.6% in the 3rd quarter. Fisher Asset Management LLC now owns 166,513 shares of the specialty retailer’s stock worth $62,742,000 after purchasing an additional 2,689 shares during the period. Finally, Cerity Partners LLC increased its position in shares of Pool by 4.7% during the third quarter. Cerity Partners LLC now owns 2,262 shares of the specialty retailer’s stock worth $852,000 after buying an additional 101 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Price Performance

Shares of NASDAQ:POOL opened at $377.09 on Monday. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The stock has a market cap of $14.35 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01. The stock’s fifty day simple moving average is $367.20 and its two-hundred day simple moving average is $352.33. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.50 earnings per share. As a group, analysts forecast that Pool Co. will post 10.98 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s payout ratio is 41.31%.

Analyst Ratings Changes

Several equities analysts recently issued reports on POOL shares. Wells Fargo & Company boosted 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. Robert W. Baird boosted their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note 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. Loop Capital increased their target price 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. Finally, Oppenheimer lifted their price target on shares of 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, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $369.11.

Pool Company 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.