Pool Co. (NASDAQ:POOL) Stock Position Reduced by First Trust Advisors LP

First Trust Advisors LP lessened its position in shares of Pool Co. (NASDAQ:POOL – Get Rating) by 13.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,978 shares of the specialty retailer’s stock after selling 3,549 shares during the period. First Trust Advisors LP owned about 0.06% of Pool worth $7,312,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of POOL. SRS Capital Advisors Inc. lifted its holdings in Pool by 226.5% during the 2nd quarter. SRS Capital Advisors Inc. now owns 111 shares of the specialty retailer’s stock worth $39,000 after buying an additional 77 shares during the last quarter. Pinnacle Financial Partners Inc. acquired a new stake in shares of Pool during the 3rd quarter worth approximately $43,000. IMA Wealth Inc. raised its position in shares of Pool by 204.1% during the 2nd quarter. IMA Wealth Inc. now owns 149 shares of the specialty retailer’s stock worth $52,000 after purchasing an additional 100 shares during the period. Global Retirement Partners LLC raised its position in shares of Pool by 69.0% during the 3rd quarter. Global Retirement Partners LLC now owns 191 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 78 shares during the period. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Pool during the 3rd quarter worth approximately $71,000. Institutional investors own 98.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on POOL shares. Stifel Nicolaus cut Pool from a “buy” rating to a “hold” rating and increased their price target for the stock from $355.00 to $360.00 in a research report on Monday, February 6th. Oppenheimer assumed coverage on Pool in a research report on Thursday, March 9th. They set an “outperform” rating and a $408.00 price target on the stock. Robert W. Baird raised their target price on Pool from $368.00 to $404.00 and gave the company a “neutral” rating in a research report on Friday, February 17th. Deutsche Bank Aktiengesellschaft upgraded Pool from a “hold” rating to a “buy” rating and set a $417.00 target price on the stock in a research report on Tuesday, January 10th. Finally, StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research report on Friday, February 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $391.09.

Pool Stock Down 0.6 %

Shares of POOL stock opened at $346.27 on Tuesday. Pool Co. has a 1 year low of $278.10 and a 1 year high of $488.75. The stock has a market cap of $13.54 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 3.60 and a beta of 0.93. The business’s fifty day moving average is $359.91 and its 200-day moving average is $335.00. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.63 and a current ratio of 2.99.

Pool (NASDAQ:POOL – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The specialty retailer reported $1.79 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.21). The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.14 billion. Pool had a return on equity of 61.70% and a net margin of 12.11%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.30 earnings per share. Equities analysts expect that Pool Co. will post 16.52 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Tuesday, March 14th. Pool’s dividend payout ratio is presently 21.46%.

Pool Profile

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Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment, and related leisure products. It also offers non-discretionary pool maintenance products such as chemicals and replacement parts, discretionary products like packaged pool kits, whole goods, irrigation, and landscape products, including a complete line of commercial and residential irrigation products and parts, power equipment for the professional landscape market, specialty products such as outdoor lighting, grills, and outdoor kitchen components, and golf irrigation and water management products.