Belpointe Asset Management LLC Purchases New Position in Pool Co. (NASDAQ:POOL)
Are you looking to invest in a company that specializes in pool supplies and equipment? Pool Co. (NASDAQ:POOL) might be the perfect choice for you. Belpointe Asset Management LLC recently purchased a new position in Pool Co. during the fourth quarter, showing confidence in the company’s potential for growth.
Several other hedge funds and institutional investors have also added to their stakes in Pool Co., indicating a positive outlook for the company’s future performance. With a market capitalization of $13.07 billion and a price-to-earnings ratio of 26.67, Pool Co. is a strong player in the specialty retail industry.
Despite a recent 1.8% decrease in stock value, Pool Co. remains a solid investment option. The company recently reported quarterly earnings that slightly missed analysts’ estimates, but still showed a strong net margin and return on equity. Analysts forecast that Pool Co. will post solid earnings per share for the current fiscal year.
In addition to its financial performance, Pool Co. has also increased its quarterly dividend, providing additional value to shareholders. With a payout ratio of 37.56% and a yield of 1.41%, Pool Co. is committed to rewarding its investors.
Analysts have set new price targets for Pool Co., with a consensus target price of $391.80. While some have given a hold rating, others have rated the stock as a buy, indicating potential for growth in the future.
If you’re interested in learning more about Pool Co. and its potential as an investment opportunity, be sure to read our latest analysis on the company. Pool Corporation offers a range of swimming pool supplies, equipment, and leisure products, making it a versatile and reliable choice for investors.
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