Teachers Retirement System of The State of Kentucky Reduces Stock Position in Pool Co. (NASDAQ:POOL)

Teachers Retirement System of The State of Kentucky trimmed its holdings in Pool Co. (NASDAQ:POOL) by 5.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,094 shares of the specialty retailer’s stock after selling 177 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Pool were worth $951,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB acquired a new stake in Pool in the first quarter valued at $96,528,000. TD Asset Management Inc lifted its position in shares of 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 purchasing an additional 123,387 shares during the last quarter. Caledonia Investments PLC acquired a new position in Pool in the second quarter worth about $37,390,000. Bank of New York Mellon Corp increased its holdings in Pool by 26.6% in the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after buying an additional 90,951 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Pool by 37.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 332,462 shares of the specialty retailer’s stock valued at $132,556,000 after buying an additional 90,145 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

POOL has been the subject of a number of research analyst reports. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Robert W. Baird boosted their target price 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. Loop Capital reduced their price target on shares of 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 boosted their price objective on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company increased their price objective on shares of Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $350.00.

Pool Price Performance

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

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 analysts’ consensus estimates of $4.90 by $0.09. The business 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 for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $5.89 EPS. Analysts forecast that Pool Co. will post 10.99 EPS for the current year.

Pool Dividend Announcement

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

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.