Nicolet Advisory Services LLC Has $545,000 Holdings in Pool Co. (NASDAQ:POOL)

Nicolet Advisory Services LLC boosted its holdings in shares of Pool Co. (NASDAQ:POOL) by 39.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,363 shares of the specialty retailer’s stock after buying an additional 384 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Pool were worth $545,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Blair William & Co. IL increased its position in Pool by 6.0% during the first quarter. Blair William & Co. IL now owns 843,650 shares of the specialty retailer’s stock worth $340,413,000 after buying an additional 47,640 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Pool by 9.6% in the first quarter. Wasatch Advisors LP now owns 525,004 shares of the specialty retailer’s stock valued at $211,839,000 after purchasing an additional 45,953 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Pool by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 342,215 shares of the specialty retailer’s stock valued at $138,084,000 after purchasing an additional 23,274 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Pool by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,844 shares of the specialty retailer’s stock valued at $133,904,000 after purchasing an additional 8,102 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in shares of Pool by 12.6% in the fourth quarter. Baird Financial Group Inc. now owns 334,839 shares of the specialty retailer’s stock valued at $133,504,000 after purchasing an additional 37,348 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on POOL. Stifel Nicolaus decreased their target price on Pool from $360.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday. Bank of America decreased their target price on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Wells Fargo & Company cut their price target on Pool from $360.00 to $290.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Robert W. Baird cut their price target on Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a research note on Tuesday, June 25th. Finally, Oppenheimer cut their price target on Pool from $416.00 to $356.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $321.75.

Pool Price Performance

NASDAQ POOL traded down $2.12 on Friday, hitting $328.52. 299,360 shares of the company’s stock were exchanged, compared to its average volume of 575,021. The stock has a 50-day moving average of $339.05 and a 200-day moving average of $369.64. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 2.42 and a beta of 1.00.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a return on equity of 35.49% and a net margin of 9.17%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company earned $2.46 earnings per share. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. Analysts expect that Pool Co. will post 10.95 earnings per share for the current year.

Pool Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a dividend of $1.20 per share. The ex-dividend date was Wednesday, May 15th. This is an increase from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a dividend yield of 1.46%. Pool’s dividend payout ratio is 37.56%.

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.