Brown Brothers Harriman & Co. Sells 389 Shares of Pool Co. (NASDAQ:POOL)

Brown Brothers Harriman & Co. lowered its position in Pool Co. (NASDAQ:POOL) by 45.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 465 shares of the specialty retailer’s stock after selling 389 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Pool were worth $143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC raised its stake in shares of Pool by 0.8% during the second quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock valued at $1,089,000 after acquiring an additional 28 shares during the last quarter. Wedmont Private Capital increased its position in Pool by 5.4% during the 1st quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer’s stock valued at $236,000 after purchasing an additional 30 shares during the period. Czech National Bank raised its holdings in Pool by 0.4% during the 1st quarter. Czech National Bank now owns 6,805 shares of the specialty retailer’s stock worth $2,746,000 after purchasing an additional 30 shares during the last quarter. TIAA Trust National Association raised its holdings in Pool by 4.2% during the 1st quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock worth $301,000 after purchasing an additional 30 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its stake in shares of Pool by 1.2% in the 4th quarter. Great Lakes Advisors LLC now owns 2,724 shares of the specialty retailer’s stock valued at $1,086,000 after purchasing an additional 31 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Stock Performance

NASDAQ POOL opened at $368.93 on Thursday. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. The company has a fifty day simple moving average of $348.41 and a 200 day simple moving average of $360.00. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a market cap of $14.14 billion, a P/E ratio of 28.87, a PEG ratio of 2.54 and a beta of 1.00.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.89 EPS. Sell-side analysts predict that Pool Co. will post 10.99 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s payout ratio is currently 37.56%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Loop Capital dropped their price objective on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research note on Tuesday, June 25th. Stifel Nicolaus raised their target price on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company boosted their price target on Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, Stephens reduced their price objective on shares of Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $350.00.

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.