Axxcess Wealth Management LLC decreased its holdings in shares of Pool Co. (NASDAQ:POOL – Get Rating) by 20.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,351 shares of the specialty retailer’s stock after selling 351 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Pool were worth $474,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of POOL. Advisor Group Holdings Inc. grew its stake in Pool by 15.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 13,096 shares of the specialty retailer’s stock valued at $5,502,000 after buying an additional 1,745 shares during the last quarter. Deutsche Bank AG boosted its holdings in Pool by 27.7% in the 2nd quarter. Deutsche Bank AG now owns 249,883 shares of the specialty retailer’s stock valued at $87,766,000 after purchasing an additional 54,265 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Pool by 19.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,109 shares of the specialty retailer’s stock valued at $1,443,000 after purchasing an additional 667 shares during the period. CAPROCK Group Inc. bought a new stake in Pool in the 2nd quarter valued at $351,000. Finally, Envestnet Asset Management Inc. boosted its holdings in Pool by 3.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 173,949 shares of the specialty retailer’s stock valued at $61,096,000 after purchasing an additional 5,371 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.
Pool Trading Up 1.8 %
Shares of Pool stock opened at $332.39 on Thursday. The stock has a market capitalization of $12.98 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 1.74 and a beta of 0.81. The company has a quick ratio of 0.90, a current ratio of 2.98 and a debt-to-equity ratio of 1.26. The company has a 50-day simple moving average of $317.24 and a 200 day simple moving average of $352.49. Pool Co. has a 12-month low of $278.10 and a 12-month high of $572.76.
Pool Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Thursday, November 10th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.20%. The ex-dividend date was Wednesday, November 9th. Pool’s payout ratio is presently 20.54%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Pool from $415.00 to $355.00 in a report on Tuesday, October 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Pool from $431.00 to $368.00 and set a “hold” rating for the company in a report on Thursday, October 20th. Robert W. Baird reduced their price target on shares of Pool from $398.00 to $368.00 and set a “neutral” rating for the company in a report on Friday, October 21st. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a report on Wednesday, November 9th. Finally, KeyCorp reduced their price objective on shares of Pool from $465.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, October 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Pool currently has a consensus rating of “Hold” and an average price target of $397.50.
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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
- Get a free copy of the StockNews.com research report on Pool (POOL)
- Microsoft Shares: Is it Time to Back Up the Truck?
- Is the 60/40 Portfolio Mix Still in Vogue?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Institutional Support for Analog Devices Remains High
- Three CBD Stocks to Dominate a Budding Industry
Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.