Sigma Planning Corp Purchases 280 Shares of Pool Co. (NASDAQ:POOL)

Sigma Planning Corp boosted its holdings in shares of Pool Co. (NASDAQ:POOL) by 17.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,853 shares of the specialty retailer’s stock after acquiring an additional 280 shares during the quarter. Sigma Planning Corp’s holdings in Pool were worth $698,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Tortoise Investment Management LLC increased its holdings in shares of Pool by 68.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 42 shares during the last quarter. Crewe Advisors LLC raised its position in shares of Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 79 shares during the period. UMB Bank n.a. lifted its stake in shares of Pool by 26.2% in the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after buying an additional 43 shares during the last quarter. Ridgewood Investments LLC bought a new stake in shares of Pool in the second quarter valued at approximately $74,000. Finally, Summit Securities Group LLC bought a new stake in Pool in the 2nd quarter valued at $75,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Trading Up 1.8 %

Shares of POOL stock opened at $357.49 on Friday. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $13.60 billion, a P/E ratio of 30.77, a P/E/G ratio of 2.16 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 firm has a 50-day moving average price of $363.76 and a 200 day moving average price of $352.48.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $1.40 billion. During the same period in the previous year, the business earned $3.50 EPS. Pool’s revenue was down 2.8% compared to the same quarter last year. Research analysts forecast that Pool Co. will post 11 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.34%. Pool’s dividend payout ratio (DPR) is 41.31%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on POOL. Wells Fargo & Company upped their price objective on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Loop Capital boosted their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Oppenheimer lifted their price target on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group increased their price objective on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pool presently has a consensus rating of “Hold” and a consensus 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.