Atomi Financial Group Inc. Has $563,000 Stock Position in Pool Co. (NASDAQ:POOL)

Atomi Financial Group Inc. raised its holdings in shares of Pool Co. (NASDAQ:POOL) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,653 shares of the specialty retailer’s stock after purchasing an additional 90 shares during the period. Atomi Financial Group Inc.’s holdings in Pool were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in Pool by 37,863.6% in the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after buying an additional 137,445 shares during the period. Toronto Dominion Bank lifted its stake in shares of Pool by 16.1% in the 2nd quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock valued at $4,109,000 after purchasing an additional 1,858 shares during the period. Versor Investments LP bought a new position in shares of Pool in the 3rd quarter worth $720,000. Parnassus Investments LLC grew its stake in shares of Pool by 3.5% during the third quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock worth $77,142,000 after purchasing an additional 6,987 shares during the period. Finally, Sumitomo Life Insurance Co. increased its holdings in Pool by 1.7% in the third quarter. Sumitomo Life Insurance Co. now owns 5,121 shares of the specialty retailer’s stock valued at $1,930,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on POOL shares. Robert W. Baird boosted their target price on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Oppenheimer upped their target price on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Stifel Nicolaus upped their target price on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Wells Fargo & Company upped their target price 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. Finally, Loop Capital upped their target price on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $369.25.

Pool Stock Up 0.6 %

Pool stock opened at $362.06 on Friday. The stock has a market capitalization of $13.78 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 2.01 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 company has a 50 day moving average of $355.72 and a 200-day moving average of $355.03.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.11. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.50 earnings per share. On average, equities research analysts anticipate that Pool Co. will post 11.03 EPS for the current fiscal 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. This represents a $4.80 annualized dividend and a yield of 1.33%. The ex-dividend date was Wednesday, November 13th. Pool’s payout ratio is 41.31%.

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.