Alliancebernstein L.P. grew its holdings in shares of Pool Co. (NASDAQ:POOL) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 354,396 shares of the specialty retailer’s stock after acquiring an additional 30,229 shares during the quarter. Alliancebernstein L.P. owned 0.88% of Pool worth $45,947,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of POOL. Crossmark Global Holdings Inc. purchased a new position in shares of Pool during the third quarter worth approximately $546,000. State Board of Administration of Florida Retirement System raised its stake in shares of Pool by 18.2% during the third quarter. State Board of Administration of Florida Retirement System now owns 40,356 shares of the specialty retailer’s stock worth $4,365,000 after acquiring an additional 6,210 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Pool during the third quarter worth approximately $296,000. American Century Companies Inc. raised its stake in shares of Pool by 22.8% during the third quarter. American Century Companies Inc. now owns 18,587 shares of the specialty retailer’s stock worth $2,011,000 after acquiring an additional 3,451 shares in the last quarter. Finally, Keybank National Association OH raised its stake in shares of Pool by 10.2% during the third quarter. Keybank National Association OH now owns 5,144 shares of the specialty retailer’s stock worth $556,000 after acquiring an additional 477 shares in the last quarter. 95.72% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have commented on the stock. Zacks Investment Research raised shares of Pool from a “hold” rating to a “buy” rating and set a $161.00 price target on the stock in a research note on Thursday, February 22nd. Stephens set a $160.00 price target on shares of Pool and gave the stock a “hold” rating in a research note on Thursday, February 15th. Robert W. Baird reissued a “buy” rating and set a $158.00 price target on shares of Pool in a research note on Friday, February 16th. Finally, BidaskClub raised shares of Pool from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $147.60.
Pool Co. (NASDAQ POOL) opened at $144.35 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 2.43 and a debt-to-equity ratio of 2.28. Pool Co. has a one year low of $97.25 and a one year high of $150.26. The company has a market cap of $5,800.00, a price-to-earnings ratio of 32.08 and a beta of 0.87.
Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 15th. The specialty retailer reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. Pool had a net margin of 6.87% and a return on equity of 70.46%. The company had revenue of $510.18 million for the quarter. During the same period in the previous year, the firm earned $0.06 earnings per share. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. analysts anticipate that Pool Co. will post 5.29 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 16th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, March 15th. Pool’s payout ratio is 32.89%.
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Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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