Creative Planning Has $2.14 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

Creative Planning lifted its stake in shares of Pool Co. (NASDAQ:POOL) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,682 shares of the specialty retailer’s stock after purchasing an additional 59 shares during the quarter. Creative Planning’s holdings in Pool were worth $2,141,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of POOL. Tortoise Investment Management LLC lifted its position in shares of Pool by 68.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after buying an additional 42 shares during the last quarter. Crewe Advisors LLC lifted its position in shares of Pool by 232.4% during the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after buying an additional 79 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Pool by 26.2% during the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after buying an additional 43 shares during the last quarter. Ridgewood Investments LLC bought a new stake in shares of Pool during the 2nd quarter worth $74,000. Finally, Summit Securities Group LLC bought a new position in Pool in the second quarter valued at about $75,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on POOL. Stifel Nicolaus increased their target price on Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Friday, August 30th. The Goldman Sachs Group raised their price objective on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research note on Friday. Oppenheimer raised their target price on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company raised their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $367.89.

Pool Stock Performance

Shares of POOL opened at $366.00 on Monday. The firm has a market cap of $14.00 billion, a PE ratio of 30.86, a PEG ratio of 2.57 and a beta of 1.01. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. The stock’s fifty day moving average price is $359.72 and its two-hundred day moving average price is $352.87.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the business earned $3.50 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Pool Co. will post 10.98 EPS for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $1.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.31%. Pool’s payout ratio is currently 40.47%.

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.