Mackenzie Financial Corp Cuts Stock Position in Pool Co. (NASDAQ:POOL)

Mackenzie Financial Corp decreased its holdings in shares of Pool Co. (NASDAQ:POOL) by 42.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,679 shares of the specialty retailer’s stock after selling 1,260 shares during the quarter. Mackenzie Financial Corp’s holdings in Pool were worth $516,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Swedbank AB bought a new stake in shares of Pool in the 1st quarter worth about $96,528,000. TD Asset Management Inc increased its stake in Pool by 67.4% during the first quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock worth $123,651,000 after acquiring an additional 123,387 shares during the last quarter. Caledonia Investments PLC purchased a new stake in Pool during the second quarter valued at approximately $37,390,000. Bank of New York Mellon Corp lifted its stake in shares of Pool by 26.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after purchasing an additional 90,951 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Pool by 37.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 332,462 shares of the specialty retailer’s stock worth $132,556,000 after purchasing an additional 90,145 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on POOL. Bank of America lowered their price target on Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. Robert W. Baird lifted their price target on shares of Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Loop Capital dropped their target price on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday, June 25th. Finally, Stifel Nicolaus increased their price target on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Pool presently has a consensus rating of “Hold” and a consensus price target of $350.00.

Pool Stock Down 2.0 %

Shares of NASDAQ:POOL opened at $363.91 on Friday. The business’s 50 day moving average is $356.65 and its 200 day moving average is $357.13. The stock has a market cap of $13.95 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 2.73 and a beta of 1.01. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75.

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

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $1.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.32%. Pool’s payout ratio is presently 37.56%.

Pool Company 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.