Nisa Investment Advisors LLC Reduces Stock Holdings in Pool Co. (NASDAQ:POOL)

Nisa Investment Advisors LLC reduced its stake in Pool Co. (NASDAQ:POOL) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,524 shares of the specialty retailer’s stock after selling 94 shares during the period. Nisa Investment Advisors LLC’s holdings in Pool were worth $6,603,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in Pool by 37,863.6% in the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after purchasing an additional 137,445 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Pool by 154.0% during the first quarter. Nordea Investment Management AB now owns 124,784 shares of the specialty retailer’s stock worth $50,856,000 after acquiring an additional 75,655 shares during the last quarter. TD Asset Management Inc grew its position in shares of Pool by 67.4% during the first quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock worth $123,651,000 after acquiring an additional 123,387 shares during the last quarter. M&G Plc purchased a new position in shares of Pool during the first quarter worth approximately $4,436,000. Finally, Toronto Dominion Bank grew its position in shares of Pool by 16.1% during the second quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock worth $4,109,000 after acquiring an additional 1,858 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Price Performance

Pool stock opened at $361.64 on Friday. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The business has a fifty day moving average of $360.80 and a two-hundred day moving average of $352.76. The company has a market cap of $13.84 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 2.68 and a beta of 1.01.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the company earned $3.50 earnings per share. Pool’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, analysts predict that Pool Co. will post 11.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on POOL shares. Oppenheimer raised their target price on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their target price on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Stifel Nicolaus increased their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday. Finally, Loop Capital increased their price target on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $369.11.

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.