Handelsinvest Investeringsforvaltning Has $422,000 Stake in Pool Co. (NASDAQ:POOL)

Handelsinvest Investeringsforvaltning trimmed its holdings in Pool Co. (NASDAQ:POOL) by 34.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,045 shares of the specialty retailer’s stock after selling 542 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Pool were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in Pool by 56.7% in the third quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock valued at $308,156,000 after acquiring an additional 313,190 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Pool by 9.6% in the first quarter. Wasatch Advisors LP now owns 525,004 shares of the specialty retailer’s stock valued at $211,839,000 after purchasing an additional 45,953 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 purchasing an additional 3,597 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Pool by 25.0% in the third quarter. American Century Companies Inc. now owns 382,069 shares of the specialty retailer’s stock valued at $136,055,000 after purchasing an additional 76,346 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Pool by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,844 shares of the specialty retailer’s stock valued at $133,904,000 after purchasing an additional 8,102 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on POOL shares. Loop Capital cut their price target on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. Stifel Nicolaus cut their price target on Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Oppenheimer cut their price target on Pool from $416.00 to $356.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Robert W. Baird cut their price target on Pool from $380.00 to $305.00 and set a “neutral” rating on the stock in a report on Tuesday, June 25th. Finally, Stephens dropped their target price on 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 given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $328.00.

Pool Price Performance

Shares of NASDAQ POOL opened at $301.09 on Thursday. The business’s 50 day moving average price is $351.22 and its two-hundred day moving average price is $376.26. The company has a market cap of $11.54 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 2.22 and a beta of 1.00. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. Pool Co. has a twelve month low of $298.07 and a twelve month high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly 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). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. Pool’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period last year, the firm earned $2.46 EPS. On average, analysts predict that Pool Co. will post 10.94 EPS for the current year.

Pool Increases Dividend

The firm 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. This represents a $4.80 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Wednesday, May 15th. This is an increase from Pool’s previous quarterly dividend of $1.10. Pool’s payout ratio is 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.