Pool Co. (NASDAQ:POOL) Holdings Raised by Cullen Investment Group LTD.

Cullen Investment Group LTD. increased its stake in Pool Co. (NASDAQ:POOL) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,619 shares of the specialty retailer’s stock after purchasing an additional 73 shares during the quarter. Cullen Investment Group LTD.’s holdings in Pool were worth $4,643,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in shares of Pool during the third quarter worth approximately $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Pool during the third quarter valued at $60,000. Whittier Trust Co. of Nevada Inc. lifted its stake in 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 buying an additional 164 shares during the period. Hilltop National Bank increased its holdings in shares of Pool by 18.1% in the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after acquiring an additional 63 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Pool by 24.8% during the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock worth $151,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Trading Up 2.5 %

NASDAQ:POOL opened at $334.43 on Tuesday. The company has a market cap of $12.73 billion, a P/E ratio of 28.78, a P/E/G ratio of 2.20 and a beta of 1.03. The stock’s fifty day moving average price is $357.98 and its two-hundred day moving average price is $353.06. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. 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 (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) 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 company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the business posted $3.50 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year. As a group, analysts expect that Pool Co. will post 11.02 EPS for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $1.20 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.44%. Pool’s payout ratio is presently 41.31%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on POOL shares. Robert W. Baird raised their price objective on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Wells Fargo & Company lifted their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Loop Capital lifted 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. Oppenheimer lifted their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus lifted their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $369.25.

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.