Arkadios Wealth Advisors Raises Stock Holdings in Pool Co. (NASDAQ:POOL)

Arkadios Wealth Advisors increased its position in Pool Co. (NASDAQ:POOL) by 20.5% in the third quarter, HoldingsChannel.com reports. The fund owned 1,103 shares of the specialty retailer’s stock after buying an additional 188 shares during the period. Arkadios Wealth Advisors’ holdings in Pool were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC raised its stake in Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 42 shares during the last quarter. Crewe Advisors LLC raised its stake in Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 79 shares during the last quarter. UMB Bank n.a. raised its stake in Pool by 26.2% in the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after acquiring an additional 43 shares during the last quarter. Ridgewood Investments LLC purchased a new position in Pool in the 2nd quarter worth $74,000. Finally, Summit Securities Group LLC purchased a new position in Pool in the 2nd quarter worth $75,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Price Performance

NASDAQ:POOL opened at $364.45 on Thursday. Pool Co. has a 52 week low of $293.51 and a 52 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. The stock has a market capitalization of $13.94 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 2.68 and a beta of 1.01. The stock’s 50-day moving average price is $360.53 and its 200-day moving average price is $352.68.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating 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 firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm earned $3.50 EPS. The company’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, equities analysts expect that Pool Co. will post 11.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

POOL has been the topic of several analyst reports. Loop Capital increased their price target on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Oppenheimer increased their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Robert W. Baird increased their price target on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus increased their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $369.11.

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.