Diversify Wealth Management LLC Purchases 953 Shares of Pool Co. (NASDAQ:POOL)

Diversify Wealth Management LLC boosted its position in Pool Co. (NASDAQ:POOL) by 19.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,744 shares of the specialty retailer’s stock after purchasing an additional 953 shares during the quarter. Diversify Wealth Management LLC’s holdings in Pool were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Pool by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 296,063 shares of the specialty retailer’s stock worth $90,992,000 after purchasing an additional 23,396 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Pool by 7.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,217 shares of the specialty retailer’s stock valued at $376,000 after purchasing an additional 84 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Pool by 9.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,944 shares of the specialty retailer’s stock worth $883,000 after buying an additional 265 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of Pool by 13.3% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 8,494 shares of the specialty retailer’s stock valued at $2,608,000 after buying an additional 1,000 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of Pool by 13.3% during the 2nd quarter. Pacer Advisors Inc. now owns 3,560 shares of the specialty retailer’s stock worth $1,094,000 after acquiring an additional 419 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

Pool Trading Up 0.2 %

Shares of POOL opened at $350.26 on Tuesday. The stock has a market capitalization of $13.33 billion, a P/E ratio of 30.14, a PEG ratio of 1.83 and a beta of 1.03. Pool Co. has a twelve month low of $293.51 and a twelve month 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 firm has a fifty day simple moving average of $355.49 and a two-hundred day simple moving average of $354.58.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11. The company had revenue of $1.43 billion for 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%. Pool’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $3.50 earnings per share. On average, research analysts anticipate that Pool Co. will post 11.03 EPS for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.37%. Pool’s dividend payout ratio is presently 41.31%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Oppenheimer raised their price target on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company raised their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Loop Capital upped their target price on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Robert W. Baird lifted their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Sunday. Two equities research 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $369.25.

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.