Harbor Capital Advisors Inc. Has $1.71 Million Stake in Pool Co. (NASDAQ:POOL)

Harbor Capital Advisors Inc. boosted its holdings in Pool Co. (NASDAQ:POOL) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,028 shares of the specialty retailer’s stock after purchasing an additional 152 shares during the period. Harbor Capital Advisors Inc.’s holdings in Pool were worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in POOL. Brooklyn Investment Group bought a new position in shares of Pool in the 3rd quarter valued at about $31,000. Wilmington Savings Fund Society FSB acquired a new stake in Pool in the 3rd quarter valued at about $60,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Pool by 101.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 164 shares during the period. Hilltop National Bank increased its position in Pool by 18.1% during the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after buying an additional 63 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake 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 buying an additional 80 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Oppenheimer increased their price objective on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Loop Capital lifted their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Stifel Nicolaus increased their price target on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Robert W. Baird boosted their price objective on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $369.25.

Pool Price Performance

Pool stock opened at $326.40 on Monday. The stock has a 50-day moving average price of $358.49 and a two-hundred day moving average price of $352.59. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The company has a market capitalization of $12.42 billion, a PE ratio of 28.09, a P/E/G ratio of 2.20 and a beta of 1.03. 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 (NASDAQ:POOL) last posted its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the company earned $3.50 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. Analysts expect that Pool Co. will post 11.02 EPS for the current year.

Pool Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.47%. The ex-dividend date was Wednesday, November 13th. Pool’s dividend payout ratio is currently 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.