Pool Co. (NASDAQ:POOL) Shares Sold by KBC Group NV

KBC Group NV decreased its position in shares of Pool Co. (NASDAQ:POOL) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,692 shares of the specialty retailer’s stock after selling 91 shares during the quarter. KBC Group NV’s holdings in Pool were worth $2,522,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Tortoise Investment Management LLC increased its position in Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 42 shares during the period. Crewe Advisors LLC increased its stake in Pool by 232.4% during the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 79 shares during the period. UMB Bank n.a. raised its position 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 worth $64,000 after buying an additional 43 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Pool in the 2nd quarter worth approximately $74,000. Finally, Summit Securities Group LLC acquired a new position in shares of Pool during the second quarter valued at approximately $75,000. Institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on POOL. Loop Capital upped their target price on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Stifel Nicolaus raised their target price on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Robert W. Baird boosted their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Oppenheimer raised their price objective on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Pool presently has a consensus rating of “Hold” and a consensus target price of $369.11.

Pool Stock Up 0.4 %

Shares of NASDAQ:POOL opened at $360.84 on Tuesday. The firm has a 50 day simple moving average of $364.43 and a 200 day simple moving average of $352.32. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The company has a market cap of $13.73 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 2.18 and a beta of 1.01.

Pool (NASDAQ:POOL) last released 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 return on equity of 31.89% and a net margin of 8.42%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the company earned $3.50 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, research analysts expect that Pool Co. will post 11 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.33%. Pool’s dividend payout ratio is 41.31%.

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.