Pool Co. (NASDAQ:POOL) Shares Sold by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lessened its stake in Pool Co. (NASDAQ:POOL) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 704 shares of the specialty retailer’s stock after selling 34 shares during the period. Fidelis Capital Partners LLC’s holdings in Pool were worth $216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Epoch Investment Partners Inc. grew its position in Pool by 4.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 203,582 shares of the specialty retailer’s stock valued at $62,567,000 after buying an additional 7,841 shares during the last quarter. Heron Bay Capital Management purchased a new stake in shares of Pool in the second quarter valued at about $2,091,000. ProShare Advisors LLC increased its stake in shares of Pool by 7.0% during the second quarter. ProShare Advisors LLC now owns 5,240 shares of the specialty retailer’s stock worth $1,610,000 after acquiring an additional 341 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Pool by 1.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock worth $646,291,000 after acquiring an additional 33,955 shares during the period. Finally, Summit Trail Advisors LLC raised its holdings in Pool by 4.8% during the second quarter. Summit Trail Advisors LLC now owns 678 shares of the specialty retailer’s stock worth $208,000 after purchasing an additional 31 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Loop Capital dropped their target price on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research report on Tuesday, June 25th. Stifel Nicolaus upped their price objective on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Friday, August 30th. The Goldman Sachs Group raised their target price on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Oppenheimer upped their price target 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. Finally, Robert W. Baird raised their price objective on shares of Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Pool currently has an average rating of “Hold” and an average price target of $350.00.

Pool Stock Performance

Shares of POOL opened at $368.30 on Tuesday. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The stock has a market cap of $14.12 billion, a P/E ratio of 28.82, a PEG ratio of 2.63 and a beta of 1.00. 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 50-day moving average of $351.05 and a two-hundred day moving average of $358.82.

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

Pool Announces Dividend

The business also recently disclosed 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 yield of 1.30%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s dividend payout ratio is presently 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.