GAMMA Investing LLC Has $263,000 Holdings in Pool Co. (NASDAQ:POOL)

GAMMA Investing LLC boosted its holdings in shares of Pool Co. (NASDAQ:POOL) by 92.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 772 shares of the specialty retailer’s stock after purchasing an additional 370 shares during the period. GAMMA Investing LLC’s holdings in Pool were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in POOL. Brooklyn Investment Group bought a new stake in Pool in the 3rd quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Pool in the 3rd quarter valued at about $60,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Pool by 101.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 164 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Pool during the third quarter worth about $160,000. Finally, Eagle Bay Advisors LLC grew its holdings in shares of Pool by 24.9% during the third quarter. Eagle Bay Advisors LLC now owns 456 shares of the specialty retailer’s stock worth $172,000 after buying an additional 91 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Oppenheimer boosted their target price on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Robert W. Baird increased their target price on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. Wells Fargo & Company increased their price objective on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Finally, Loop Capital upped 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $369.25.

Pool Trading Down 1.4 %

Pool stock opened at $327.97 on Wednesday. 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 stock has a 50-day simple moving average of $360.75 and a 200 day simple moving average of $352.77. The stock has a market capitalization of $12.48 billion, a P/E ratio of 28.22, a PEG ratio of 2.20 and a beta of 1.03. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping 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 business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm 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 earnings per share for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.46%. Pool’s dividend payout ratio is currently 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.