Diversify Advisory Services LLC Reduces Stock Holdings in Pool Co. (NASDAQ:POOL)

Diversify Advisory Services LLC reduced its stake in Pool Co. (NASDAQ:POOLFree Report) by 24.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,473 shares of the specialty retailer’s stock after selling 487 shares during the period. Diversify Advisory Services LLC’s holdings in Pool were worth $517,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in POOL. Swedbank AB purchased a new position in Pool in the first quarter valued at approximately $96,528,000. International Assets Investment Management LLC grew its position in shares of Pool by 37,863.6% during the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after acquiring an additional 137,445 shares during the last quarter. TD Asset Management Inc grew its position in shares of Pool by 67.4% during the first quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock worth $123,651,000 after acquiring an additional 123,387 shares during the last quarter. Caledonia Investments PLC purchased a new position in shares of Pool during the second quarter worth approximately $37,390,000. Finally, Bank of New York Mellon Corp grew its position in shares of Pool by 26.6% during the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock worth $133,125,000 after acquiring an additional 90,951 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Price Performance

Shares of NASDAQ POOL opened at $364.45 on Thursday. The firm has a market capitalization of $13.94 billion, a P/E ratio of 31.36, a PEG ratio of 2.68 and a beta of 1.01. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company’s fifty day moving average is $360.53 and its two-hundred day moving average is $352.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39.

Pool (NASDAQ:POOLGet Free Report) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 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 analyst estimates of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 EPS. Analysts forecast that Pool Co. will post 11.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on POOL shares. The Goldman Sachs Group raised their target price on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Oppenheimer raised their target price on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Loop Capital lifted their price objective on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company boosted 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $369.11.

View Our Latest Stock Report on POOL

About Pool

(Free Report)

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.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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