King Luther Capital Management Corp Has $9.61 Million Position in Pool Co. (NASDAQ:POOL)

King Luther Capital Management Corp grew its stake in Pool Co. (NASDAQ:POOL) by 43.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 25,502 shares of the specialty retailer’s stock after purchasing an additional 7,724 shares during the quarter. King Luther Capital Management Corp’s holdings in Pool were worth $9,609,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Pool by 1.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock valued at $646,291,000 after purchasing an additional 33,955 shares during the period. Blair William & Co. IL raised its position in Pool by 1.3% in the second quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock valued at $262,678,000 after purchasing an additional 11,059 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Pool by 26.6% in 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 purchasing an additional 90,951 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Pool by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock worth $132,244,000 after purchasing an additional 37,598 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Pool by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 343,382 shares of the specialty retailer’s stock valued at $105,531,000 after purchasing an additional 12,152 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on POOL. Robert W. Baird boosted their price target on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Loop Capital lifted their price objective 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. Oppenheimer increased 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, October 28th. Stifel Nicolaus boosted their price objective on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Pool presently has an average rating of “Hold” and an average target price of $369.11.

Pool Trading Up 1.1 %

NASDAQ:POOL opened at $365.09 on Friday. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company’s 50-day simple moving average is $365.35 and its 200 day simple moving average is $352.38. The firm has a market capitalization of $13.89 billion, a P/E ratio of 31.42, a PEG ratio of 2.20 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share 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 company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the company earned $3.50 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, analysts forecast that Pool Co. will post 11 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors 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 1.31%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s payout ratio is 41.31%.

Pool 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.