Pool Co. (NASDAQ:POOL) Stock Position Decreased by AdvisorNet Financial Inc

AdvisorNet Financial Inc cut its stake in shares of Pool Co. (NASDAQ:POOLGet Rating) by 39.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 166 shares of the specialty retailer’s stock after selling 110 shares during the quarter. AdvisorNet Financial Inc’s holdings in Pool were worth $58,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Rafferty Asset Management LLC acquired a new stake in shares of Pool in the fourth quarter worth $237,000. Siemens Fonds Invest GmbH acquired a new stake in shares of Pool in the fourth quarter worth $344,000. Rockefeller Capital Management L.P. boosted its position in shares of Pool by 2.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 9,194 shares of the specialty retailer’s stock worth $5,204,000 after buying an additional 230 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Pool in the fourth quarter worth $595,000. Finally, Nissay Asset Management Corp Japan ADV boosted its position in shares of Pool by 0.4% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 10,431 shares of the specialty retailer’s stock worth $5,904,000 after buying an additional 43 shares during the period. 98.92% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Hart Melanie Housey sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $384.01, for a total value of $960,025.00. Following the sale, the chief financial officer now directly owns 10,721 shares of the company’s stock, valued at $4,116,971.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. The Goldman Sachs Group decreased their target price on Pool from $560.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, June 23rd. TheStreet upgraded Pool from a “c+” rating to a “b” rating in a report on Thursday, June 2nd. KeyCorp cut their price objective on Pool from $570.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, July 28th. Jefferies Financial Group cut their price objective on Pool from $485.00 to $400.00 in a report on Tuesday, June 14th. Finally, Robert W. Baird lowered Pool from an “outperform” rating to a “neutral” rating and set a $398.00 price objective for the company. in a report on Thursday, July 14th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $446.80.

Pool Trading Down 2.9 %

Shares of NASDAQ:POOL opened at $314.95 on Friday. The company has a market cap of $12.47 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.77 and a beta of 0.88. The stock’s 50-day moving average is $358.64 and its 200-day moving average is $389.01. Pool Co. has a 52-week low of $313.51 and a 52-week high of $582.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.00 and a current ratio of 2.77.

Pool (NASDAQ:POOLGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The specialty retailer reported $7.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.40 by $0.19. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.13 billion. Pool had a return on equity of 68.34% and a net margin of 13.17%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business posted $6.37 earnings per share. Equities research analysts predict that Pool Co. will post 18.5 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Wednesday, August 10th. Pool’s dividend payout ratio is currently 20.80%.

About Pool

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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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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