Pool Co. (NASDAQ:POOL) Stock Position Decreased by LVW Advisors LLC

LVW Advisors LLC reduced its stake in Pool Co. (NASDAQ:POOL) by 5.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,209 shares of the specialty retailer’s stock after selling 134 shares during the period. LVW Advisors LLC’s holdings in Pool were worth $891,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Pool by 56.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock valued at $308,156,000 after buying an additional 313,190 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of Pool by 1.2% in the 4th quarter. Wasatch Advisors LP now owns 479,051 shares of the specialty retailer’s stock worth $191,002,000 after buying an additional 5,834 shares in the last quarter. London Co. of Virginia lifted its holdings in shares of Pool by 0.9% in the third quarter. London Co. of Virginia now owns 395,867 shares of the specialty retailer’s stock valued at $140,968,000 after buying an additional 3,597 shares during the period. American Century Companies Inc. boosted its stake in Pool by 25.0% during the third quarter. American Century Companies Inc. now owns 382,069 shares of the specialty retailer’s stock valued at $136,055,000 after buying an additional 76,346 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Pool by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,844 shares of the specialty retailer’s stock worth $133,904,000 after acquiring an additional 8,102 shares during the period. 98.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on POOL. Stephens dropped their target price 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. Wells Fargo & Company reduced their price objective on shares of Pool from $360.00 to $290.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Oppenheimer reduced their target price on Pool from $416.00 to $356.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Loop Capital lowered 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. Finally, Robert W. Baird reduced 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $328.00.

Pool Stock Performance

POOL opened at $307.33 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88. The company has a market cap of $11.78 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00. The stock has a 50-day moving average of $355.38 and a 200-day moving average of $378.05. Pool Co. has a 52-week low of $299.24 and a 52-week high of $422.73.

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

Pool Increases Dividend

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

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.