Pool Co. (NASDAQ:POOL) Shares Sold by Tredje AP fonden

Tredje AP fonden decreased its holdings in shares of Pool Co. (NASDAQ:POOL) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,975 shares of the specialty retailer’s stock after selling 95 shares during the quarter. Tredje AP fonden’s holdings in Pool were worth $1,836,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in POOL. Norges Bank purchased a new position in shares of Pool during the fourth quarter worth about $44,697,000. PNC Financial Services Group Inc. grew its stake in Pool by 1.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,399 shares of the specialty retailer’s stock worth $3,349,000 after buying an additional 152 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in Pool by 4.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,029 shares of the specialty retailer’s stock worth $410,000 after buying an additional 44 shares during the last quarter. Assetmark Inc. increased its position in Pool by 28.7% during the fourth quarter. Assetmark Inc. now owns 413 shares of the specialty retailer’s stock worth $165,000 after buying an additional 92 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Pool by 93.5% in the fourth quarter. Franklin Resources Inc. now owns 15,875 shares of the specialty retailer’s stock valued at $6,330,000 after buying an additional 7,672 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Loop Capital cut their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. Wells Fargo & Company upped their target price on shares of Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Oppenheimer increased their target price on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Bank of America dropped their price target on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Finally, Stifel Nicolaus increased their price objective on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $350.00.

Pool Stock Down 2.1 %

POOL opened at $364.37 on Friday. The business has a 50 day simple moving average of $350.22 and a 200-day simple moving average of $359.82. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The stock has a market capitalization of $13.94 billion, a P/E 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 current ratio of 2.48 and a quick ratio of 0.88.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping the consensus estimate of $4.90 by $0.09. The company had revenue of $1.77 billion for 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 business’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $5.89 EPS. On average, equities analysts anticipate that Pool Co. will post 10.99 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.32%. Pool’s payout ratio is currently 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.