Oddo BHF Asset Management Sas Buys New Stake in Pool Co. (NASDAQ:POOL)

Oddo BHF Asset Management Sas purchased a new position in shares of Pool Co. (NASDAQ:POOL) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,030 shares of the specialty retailer’s stock, valued at approximately $765,000.

Several other institutional investors also recently bought and sold shares of POOL. Brooklyn Investment Group purchased a new position in Pool in the third quarter valued at approximately $31,000. Tortoise Investment Management LLC raised its stake in Pool by 68.9% during the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC lifted its stake in Pool by 232.4% during the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Pool in the 3rd quarter worth about $60,000. Finally, UMB Bank n.a. grew its holdings 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 valued at $64,000 after purchasing an additional 43 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

POOL has been the subject of several recent analyst reports. Oppenheimer upped 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, October 28th. Robert W. Baird lifted their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Loop Capital upped their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company lifted 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $369.25.

Pool Stock Down 1.8 %

NASDAQ POOL opened at $362.95 on Friday. The business has a fifty day moving average price of $367.75 and a two-hundred day moving average price of $352.98. The stock has a market capitalization of $13.81 billion, a PE ratio of 31.23, a PEG ratio of 2.27 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

Pool (NASDAQ:POOL) last posted 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 net margin of 8.42% and a return on equity of 31.89%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the company earned $3.50 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. Equities analysts expect that Pool Co. will post 11.02 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s dividend payout ratio is currently 41.31%.

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.