Peapack Gladstone Financial Corp Makes New $217,000 Investment in Pool Co. (NASDAQ:POOL)

Peapack Gladstone Financial Corp acquired a new stake in shares of Pool Co. (NASDAQ:POOL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 575 shares of the specialty retailer’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in shares of Pool during the 3rd quarter worth about $31,000. Tortoise Investment Management LLC grew its stake in Pool by 68.9% during the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after buying an additional 42 shares during the period. Crewe Advisors LLC grew its stake in Pool by 232.4% during the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after buying an additional 79 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Pool in the 3rd quarter valued at $60,000. Finally, UMB Bank n.a. lifted its holdings in shares of Pool by 26.2% during the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after acquiring an additional 43 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Stock Down 0.2 %

Shares of NASDAQ:POOL opened at $362.35 on Tuesday. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The firm has a market cap of $13.79 billion, a PE ratio of 31.18, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. The company has a fifty day simple moving average of $367.74 and a 200 day simple moving average of $353.04.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the business posted $3.50 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Pool Co. will post 11.02 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.32%. The ex-dividend date was Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is presently 41.31%.

Analysts Set New Price Targets

Several brokerages recently issued reports on POOL. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Oppenheimer increased their target price on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. 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. Loop Capital increased 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, 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $369.25.

Pool Company 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.