Charles Schwab Investment Management Inc. Buys 424 Shares of Pool Co. (NASDAQ:POOL)

Charles Schwab Investment Management Inc. lifted its stake in Pool Co. (NASDAQ:POOL) by 0.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 347,817 shares of the specialty retailer’s stock after buying an additional 424 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.91% of Pool worth $131,057,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Tortoise Investment Management LLC boosted its holdings in Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after buying an additional 42 shares during the period. Crewe Advisors LLC boosted its stake in shares of Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 79 shares during the period. UMB Bank n.a. grew its position in shares of Pool by 26.2% during the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after purchasing an additional 43 shares in the last quarter. Ridgewood Investments LLC bought a new stake in Pool during the 2nd quarter valued at approximately $74,000. Finally, Summit Securities Group LLC purchased a new position in Pool in the 2nd quarter worth approximately $75,000. Institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on POOL. Wells Fargo & Company increased their price objective 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 raised their target price on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Oppenheimer lifted their price target on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Stifel Nicolaus increased their price objective 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, Loop Capital lifted their target price on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Pool presently has a consensus rating of “Hold” and an average target price of $369.11.

Pool Stock Up 6.4 %

Shares of NASDAQ:POOL opened at $390.03 on Tuesday. The company has a market cap of $14.84 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 2.22 and a beta of 1.01. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. 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 company has a 50-day moving average price of $365.93 and a 200 day moving average price of $352.20.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the company earned $3.50 EPS. As a group, equities research analysts predict that Pool Co. will post 11 earnings per share for the current year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.23%. The ex-dividend date is Wednesday, November 13th. Pool’s payout ratio is 41.31%.

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.