PUREfi Wealth LLC Takes Position in Pool Co. (NASDAQ:POOL)

PUREfi Wealth LLC bought a new stake in Pool Co. (NASDAQ:POOL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 735 shares of the specialty retailer’s stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vontobel Holding Ltd. increased its stake in shares of Pool by 457.6% in the 4th quarter. Vontobel Holding Ltd. now owns 5,548 shares of the specialty retailer’s stock valued at $1,892,000 after buying an additional 4,553 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Pool by 816.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock valued at $13,601,000 after buying an additional 36,403 shares during the period. Marks Group Wealth Management Inc increased its stake in shares of Pool by 7.0% in the 4th quarter. Marks Group Wealth Management Inc now owns 6,510 shares of the specialty retailer’s stock valued at $2,220,000 after buying an additional 424 shares during the period. L. Roy Papp & Associates LLP acquired a new stake in shares of Pool in the 4th quarter valued at $653,000. Finally, Summit Trail Advisors LLC increased its stake in shares of Pool by 10.8% in the 4th quarter. Summit Trail Advisors LLC now owns 690 shares of the specialty retailer’s stock valued at $235,000 after buying an additional 67 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on POOL shares. Loop Capital lifted their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company decreased their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research note on Saturday, February 8th. Oppenheimer lifted their price objective on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, Stifel Nicolaus lifted their price objective on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $368.00.

Pool Stock Performance

Shares of Pool stock opened at $344.28 on Friday. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03. The stock’s 50-day moving average is $346.40 and its 200-day moving average is $356.30. Pool Co. has a one year low of $293.51 and a one year high of $422.73. 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 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.