King Luther Capital Management Corp Buys 7,724 Shares of Pool Co. (NASDAQ:POOL)

King Luther Capital Management Corp raised its holdings in shares of Pool Co. (NASDAQ:POOL) by 43.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,502 shares of the specialty retailer’s stock after acquiring an additional 7,724 shares during the period. King Luther Capital Management Corp owned about 0.07% of Pool worth $9,609,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hilton Capital Management LLC purchased a new stake in Pool in the third quarter worth about $1,548,000. Parnassus Investments LLC lifted its position in Pool by 3.5% in the 3rd quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock valued at $77,142,000 after acquiring an additional 6,987 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Pool during the third quarter valued at $4,133,000. Banque Cantonale Vaudoise grew its stake in shares of Pool by 8.9% in the third quarter. Banque Cantonale Vaudoise now owns 5,132 shares of the specialty retailer’s stock worth $1,933,000 after acquiring an additional 418 shares during the period. Finally, Verity & Verity LLC bought a new stake in Pool in the 3rd quarter worth approximately $356,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Stock Up 1.1 %

Pool stock opened at $365.09 on Friday. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The stock’s fifty day moving average is $365.35 and its two-hundred day moving average is $352.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm earned $3.50 earnings per share. Pool’s revenue was down 2.8% compared to the same quarter last year. Analysts predict that Pool Co. will post 11 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors 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 1.31%. The ex-dividend date is Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is presently 41.31%.

Wall Street Analyst Weigh In

POOL has been the topic of several analyst reports. Wells Fargo & Company lifted their price target 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. Oppenheimer increased their price objective on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Stifel Nicolaus boosted their target price on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group raised their price objective on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.