Pool Co. (NASDAQ:POOL) Shares Sold by Pitcairn Co.

Pitcairn Co. lowered its stake in shares of Pool Co. (NASDAQ:POOL) by 10.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,086 shares of the specialty retailer’s stock after selling 132 shares during the period. Pitcairn Co.’s holdings in Pool were worth $409,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its stake in shares of Pool by 68.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 42 shares during the last quarter. Crewe Advisors LLC boosted its position 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 acquiring an additional 79 shares during the last quarter. UMB Bank n.a. grew its stake in Pool by 26.2% in the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after acquiring an additional 43 shares during the period. Ridgewood Investments LLC purchased a new stake in Pool in the 2nd quarter worth approximately $74,000. Finally, Summit Securities Group LLC acquired a new position in Pool in the 2nd quarter valued at $75,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Price Performance

POOL opened at $378.54 on Wednesday. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The company has a 50 day moving average of $366.56 and a two-hundred day moving average of $352.32. The company has a market cap of $14.41 billion, a P/E ratio of 32.58, a P/E/G ratio of 2.22 and a beta of 1.01. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.50 EPS. On average, analysts expect that Pool Co. will post 11 earnings per share for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is presently 41.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on POOL shares. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Loop Capital lifted their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Stifel Nicolaus increased their price objective on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Wells Fargo & Company boosted their target price on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Robert W. Baird upped 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. One equities 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, the company currently has a consensus rating of “Hold” and a consensus target price of $369.11.

About Pool

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.