First Bank & Trust Sells 36 Shares of Pool Co. (NASDAQ:POOL)

First Bank & Trust decreased its stake in shares of Pool Co. (NASDAQ:POOL) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,673 shares of the specialty retailer’s stock after selling 36 shares during the quarter. First Bank & Trust’s holdings in Pool were worth $675,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in POOL. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Pool during the fourth quarter valued at $28,000. Stuart Chaussee & Associates Inc. increased its position in Pool by 250.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 55 shares during the period. CVA Family Office LLC bought a new stake in shares of Pool in the 4th quarter valued at about $34,000. Lindbrook Capital LLC lifted its position in shares of Pool by 73.7% in the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 42 shares during the period. Finally, VisionPoint Advisory Group LLC lifted its position in shares of Pool by 11,800.0% in the 4th quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 118 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Performance

POOL opened at $307.33 on Friday. The company has a market cap of $11.78 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. The firm’s 50-day moving average price is $355.38 and its 200-day moving average price is $377.96. Pool Co. has a 52-week low of $299.24 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). Pool had a net margin of 9.17% and a return on equity of 35.49%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the company posted $2.46 EPS. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, equities analysts anticipate that Pool Co. will post 10.94 EPS for the current fiscal year.

Pool Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.56%. This is a boost from Pool’s previous quarterly dividend of $1.10. Pool’s payout ratio is currently 37.56%.

Analyst Ratings Changes

A number of equities analysts recently commented on POOL shares. Stifel Nicolaus reduced their price objective on shares of Pool from $370.00 to $360.00 and set a “hold” rating for the company in a research note on Monday, April 29th. Bank of America decreased their price objective on Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th. Loop Capital cut their target price on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research note on Tuesday, June 25th. Robert W. Baird decreased their price target on shares of Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a research report on Tuesday, June 25th. Finally, Stephens lowered their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $328.00.

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.