Kentucky Retirement Systems Sells 49 Shares of Pool Co. (NASDAQ:POOL)

Kentucky Retirement Systems cut its holdings in Pool Co. (NASDAQ:POOL) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,888 shares of the specialty retailer’s stock after selling 49 shares during the period. Kentucky Retirement Systems’ holdings in Pool were worth $888,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in POOL. Tortoise Investment Management LLC increased its position in Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after buying an additional 42 shares during the period. Crewe Advisors LLC grew its stake in shares of Pool by 232.4% in 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. increased its position in Pool by 26.2% during the second 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 acquired a new position in Pool during the 2nd quarter valued at $74,000. Finally, Summit Securities Group LLC bought a new stake in Pool in the 2nd quarter valued at $75,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

POOL has been the topic of several research reports. Oppenheimer boosted their price objective on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. The Goldman Sachs Group boosted their price target on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Stephens reduced their price objective on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, June 25th. Wells Fargo & Company boosted their price objective on Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus raised their target price on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $350.00.

Pool Stock Down 2.1 %

Shares of NASDAQ:POOL opened at $364.37 on Friday. The company has a market capitalization of $13.97 billion, a PE ratio of 28.51, a P/E/G ratio of 2.63 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. The company’s fifty day moving average is $350.22 and its 200-day moving average is $359.48. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.09. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $5.89 earnings per share. Equities research analysts predict that Pool Co. will post 10.99 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Thursday, August 15th. 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.