Pathstone Holdings LLC Has $3.18 Million Holdings in Pool Co. (NASDAQ:POOL)

Pathstone Holdings LLC increased its position in Pool Co. (NASDAQ:POOL) by 1.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,435 shares of the specialty retailer’s stock after buying an additional 152 shares during the period. Pathstone Holdings LLC’s holdings in Pool were worth $3,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its position in shares of Pool by 3.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 42,735 shares of the specialty retailer’s stock worth $16,102,000 after purchasing an additional 1,530 shares during the last quarter. RiverPark Advisors LLC lifted its holdings in shares of 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 during the last quarter. Natixis Advisors LLC boosted its position in shares of Pool by 10.9% in the third 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 during the period. Mizuho Securities USA LLC grew its stake in shares of Pool by 411.4% in the third quarter. Mizuho Securities USA LLC now owns 15,128 shares of the specialty retailer’s stock worth $5,700,000 after acquiring an additional 12,170 shares during the last quarter. Finally, Empirical Finance LLC increased its position 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 acquiring an additional 39 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Pool Price Performance

Pool stock opened at $366.49 on Monday. The business has a 50 day simple moving average of $365.93 and a 200 day simple moving average of $352.29. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The company has a market capitalization of $13.95 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 2.21 and a beta of 1.01. Pool Co. has a one year low of $293.51 and a one year high of $422.73.

Pool (NASDAQ:POOL) last released its quarterly 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. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company’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 business earned $3.50 earnings per share. On average, sell-side analysts forecast that Pool Co. will post 11 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.31%. Pool’s payout ratio is 41.31%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Loop Capital increased their price target on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Wells Fargo & Company increased their target price on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Stifel Nicolaus boosted their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Oppenheimer raised their price objective on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.