Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Pool Co. (NASDAQ:POOL)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Pool Co. (NASDAQ:POOL) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,018 shares of the specialty retailer’s stock after purchasing an additional 251 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Pool were worth $2,157,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. VisionPoint Advisory Group LLC increased its holdings in Pool by 11,800.0% during the fourth quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock worth $47,000 after buying an additional 118 shares during the last quarter. UMB Bank n.a. grew its position in shares of Pool by 221.6% during the 1st quarter. UMB Bank n.a. now owns 164 shares of the specialty retailer’s stock valued at $66,000 after acquiring an additional 113 shares during the period. Ridgewood Investments LLC purchased a new stake in shares of Pool during the 2nd quarter worth approximately $74,000. Summit Securities Group LLC bought a new stake in shares of Pool in the 2nd quarter worth approximately $75,000. Finally, Blue Trust Inc. lifted its stake in Pool by 693.5% in the second quarter. Blue Trust Inc. now owns 246 shares of the specialty retailer’s stock valued at $76,000 after purchasing an additional 215 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Up 0.2 %

Shares of NASDAQ:POOL opened at $351.62 on Friday. The firm has a market capitalization of $13.48 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 2.53 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The firm has a fifty day moving average of $336.93 and a 200 day moving average of $363.49.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $5.89 EPS. As a group, research analysts anticipate that Pool Co. will post 10.98 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.37%. Pool’s payout ratio is 37.56%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on POOL. The Goldman Sachs Group increased their price target on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company boosted their price target on shares of Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Loop Capital reduced their price objective on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday, June 25th. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Finally, Stephens reduced their price target on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Pool currently has an average rating of “Hold” and a consensus target price of $350.00.

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.