Taylor Frigon Capital Management LLC Purchases 156 Shares of Pool Co. (NASDAQ:POOL)

by · The Cerbat Gem

Taylor Frigon Capital Management LLC raised its stake in shares of Pool Co. (NASDAQ:POOL – Free Report) by 4.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,700 shares of the specialty retailer’s stock after acquiring an additional 156 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Pool were worth $1,394,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in POOL. Gateway Investment Advisers LLC bought a new position in shares of Pool during the 1st quarter valued at approximately $364,000. Brookstone Capital Management lifted its holdings in shares of Pool by 47.3% during the first quarter. Brookstone Capital Management now owns 1,869 shares of the specialty retailer’s stock worth $754,000 after purchasing an additional 600 shares during the period. Thrive Wealth Management LLC lifted its holdings in Pool by 8.4% in the first quarter. Thrive Wealth Management LLC now owns 824 shares of the specialty retailer’s stock valued at $333,000 after acquiring an additional 64 shares during the period. Capital Asset Advisory Services LLC increased its position in shares of Pool by 6.9% in the first quarter. Capital Asset Advisory Services LLC now owns 577 shares of the specialty retailer’s stock valued at $229,000 after buying an additional 37 shares in the last quarter. Finally, OneAscent Wealth Management LLC increased its position in shares of Pool by 12.6% in the first quarter. OneAscent Wealth Management LLC now owns 878 shares of the specialty retailer’s stock valued at $354,000 after buying an additional 98 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company boosted their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Robert W. Baird lifted their target price on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Stifel Nicolaus increased their price target on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. The Goldman Sachs Group boosted their target price on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Oppenheimer raised their price objective on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $357.89.

Read Our Latest Report on POOL

Pool Stock Performance

Shares of NASDAQ:POOL traded up $22.81 on Thursday, reaching $373.49. 318,408 shares of the company’s stock were exchanged, compared to its average volume of 347,481. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The business’s 50-day moving average is $358.70 and its two-hundred day moving average is $353.44. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 2.72 and a beta of 1.01.

Pool (NASDAQ:POOL – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.09. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.89 earnings per share. As a group, equities research analysts forecast that Pool Co. will post 10.98 EPS for the current year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.29%. Pool’s dividend payout ratio is currently 40.47%.

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.

Featured Stories