Bleakley Financial Group LLC Sells 84 Shares of Pool Co. (NASDAQ:POOL)

Bleakley Financial Group LLC trimmed its holdings in shares of Pool Co. (NASDAQ:POOL) by 10.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 699 shares of the specialty retailer’s stock after selling 84 shares during the period. Bleakley Financial Group LLC’s holdings in Pool were worth $263,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Gateway Investment Advisers LLC bought a new position in Pool during the first quarter worth $364,000. Brookstone Capital Management boosted its position in shares of Pool by 47.3% during the 1st quarter. Brookstone Capital Management now owns 1,869 shares of the specialty retailer’s stock worth $754,000 after purchasing an additional 600 shares in the last quarter. Thrive Wealth Management LLC grew its stake in shares of Pool by 8.4% in the 1st quarter. Thrive Wealth Management LLC now owns 824 shares of the specialty retailer’s stock valued at $333,000 after buying an additional 64 shares during the period. Capital Asset Advisory Services LLC increased its position in Pool by 6.9% in the 1st quarter. Capital Asset Advisory Services LLC now owns 577 shares of the specialty retailer’s stock valued at $229,000 after buying an additional 37 shares in the last quarter. Finally, OneAscent Wealth Management LLC raised its stake in Pool by 12.6% during the 1st quarter. OneAscent Wealth Management LLC now owns 878 shares of the specialty retailer’s stock worth $354,000 after buying an additional 98 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on POOL shares. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Robert W. Baird raised their price objective on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group lifted their price objective on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company raised their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Finally, Oppenheimer boosted their price objective on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $357.89.

Pool Stock Performance

POOL stock opened at $350.68 on Thursday. The business has a 50 day moving average of $358.70 and a 200-day moving average of $353.44. The firm has a market cap of $13.42 billion, a PE ratio of 29.57, a P/E/G ratio of 2.72 and a beta of 1.01. Pool Co. has a 12-month low of $293.51 and a 12-month 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 earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.90 by $0.09. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $5.89 EPS. As a group, sell-side analysts expect that Pool Co. will post 10.98 earnings per share for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s dividend payout ratio is 40.47%.

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.