Pool Co. (NASDAQ:POOL) Shares Purchased by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC boosted its stake in shares of Pool Co. (NASDAQ:POOL) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 579 shares of the specialty retailer’s stock after buying an additional 53 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Pool were worth $197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in POOL. Berkshire Hathaway Inc acquired a new stake in shares of Pool in the 3rd quarter worth approximately $152,249,000. JPMorgan Chase & Co. boosted its position in Pool by 22.7% during the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after purchasing an additional 232,914 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Pool by 37,863.6% in the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after purchasing an additional 137,445 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Pool in the third quarter valued at $40,750,000. Finally, Lord Abbett & CO. LLC raised its stake in shares of Pool by 44.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock worth $81,981,000 after buying an additional 66,791 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Trading Up 0.9 %

Shares of POOL stock traded up $2.83 during mid-day trading on Friday, hitting $327.62. 322,049 shares of the company’s stock were exchanged, compared to its average volume of 383,705. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 2.20 and a beta of 1.03. The stock has a 50-day simple moving average of $359.22 and a two-hundred day simple moving average of $352.38. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating the consensus estimate of $3.15 by $0.11. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.50 EPS. Equities analysts expect that Pool Co. will post 11.02 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Wednesday, November 13th. Pool’s dividend payout ratio is currently 41.31%.

Analyst Ratings Changes

POOL has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Loop Capital raised their price objective on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Oppenheimer upped their target price on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Finally, Robert W. Baird boosted their price target on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $369.25.

About Pool

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.