Stephens Investment Management Group LLC Sells 2,465 Shares of Pool Co. (NASDAQ:POOL)

Stephens Investment Management Group LLC decreased its holdings in shares of Pool Co. (NASDAQ:POOL) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,623 shares of the specialty retailer’s stock after selling 2,465 shares during the period. Stephens Investment Management Group LLC owned 0.30% of Pool worth $39,080,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of POOL. Berkshire Hathaway Inc bought a new stake in Pool in the third quarter valued at $152,249,000. JPMorgan Chase & Co. boosted its holdings in Pool by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after purchasing an additional 232,914 shares during the last quarter. International Assets Investment Management LLC grew its holdings in 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 valued at $51,926,000 after purchasing an additional 137,445 shares during the period. Zurich Insurance Group Ltd FI bought a new position in Pool in the 3rd quarter worth $40,750,000. Finally, Lord Abbett & CO. LLC grew its stake in Pool by 44.3% during the third quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock valued at $81,981,000 after acquiring an additional 66,791 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on POOL shares. Loop Capital increased their price target on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research note on Saturday. Wells Fargo & Company cut their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Oppenheimer upped their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus lifted their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Pool currently has an average rating of “Hold” and a consensus target price of $368.00.

Pool Stock Performance

POOL opened at $331.71 on Friday. The company has a market cap of $12.62 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03. 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 firm’s 50-day moving average price is $350.06 and its 200-day moving average price is $356.83. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73.

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.