Metis Global Partners LLC Boosts Stake in Pool Co. (NASDAQ:POOL)

Metis Global Partners LLC raised its holdings in shares of Pool Co. (NASDAQ:POOL) by 77.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,154 shares of the specialty retailer’s stock after buying an additional 941 shares during the period. Metis Global Partners LLC’s holdings in Pool were worth $812,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC grew its position in Pool by 37,863.6% in the 3rd quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after acquiring an additional 137,445 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Pool by 16.1% in the second quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock worth $4,109,000 after purchasing an additional 1,858 shares during the last quarter. Torray Investment Partners LLC increased its stake in Pool by 16.8% in the 2nd quarter. Torray Investment Partners LLC now owns 14,128 shares of the specialty retailer’s stock worth $4,342,000 after buying an additional 2,034 shares during the period. UniSuper Management Pty Ltd lifted its holdings in Pool by 459.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,724 shares of the specialty retailer’s stock valued at $1,099,000 after buying an additional 2,237 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in Pool by 81.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,168 shares of the specialty retailer’s stock valued at $1,278,000 after buying an additional 1,419 shares during the period. Institutional investors own 98.99% of the company’s stock.

Pool Stock Up 0.5 %

NASDAQ:POOL opened at $359.42 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The stock has a market capitalization of $13.68 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.18 and a beta of 1.01. The company’s 50-day simple moving average is $364.43 and its 200-day simple moving average is $352.32. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share 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 the consensus estimate of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. Pool’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $3.50 earnings per share. On average, equities analysts anticipate that Pool Co. will post 11 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is presently 41.31%.

Wall Street Analyst Weigh In

POOL has been the topic of a number of research reports. Loop Capital raised their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company lifted their target price on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. 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, October 28th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Finally, The Goldman Sachs Group increased their target price on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $369.11.

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.