Sigma Planning Corp Sells 802 Shares of Pool Co. (NASDAQ:POOL)

Sigma Planning Corp cut its position in shares of Pool Co. (NASDAQ:POOL) by 55.6% in the fourth quarter, HoldingsChannel reports. The firm owned 641 shares of the specialty retailer’s stock after selling 802 shares during the period. Sigma Planning Corp’s holdings in Pool were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of POOL. JPMorgan Chase & Co. raised its position in Pool by 56.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock valued at $308,156,000 after purchasing an additional 313,190 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in Pool by 463.2% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 240,623 shares of the specialty retailer’s stock valued at $85,686,000 after purchasing an additional 197,900 shares in the last quarter. International Assets Investment Management LLC raised its position in Pool by 30,047.2% during the 4th quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock valued at $73,322,000 after purchasing an additional 183,288 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Pool by 55.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 339,378 shares of the specialty retailer’s stock worth $120,852,000 after acquiring an additional 120,427 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Pool by 22.0% in the 3rd quarter. Invesco Ltd. now owns 634,329 shares of the specialty retailer’s stock worth $225,885,000 after acquiring an additional 114,298 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Insider Transactions at Pool

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $401.00, for a total value of $441,100.00. Following the sale, the general counsel now owns 8,622 shares in the company, valued at $3,457,422. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.00% of the company’s stock.

Pool Stock Up 0.3 %

Shares of POOL stock opened at $371.17 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. The stock’s fifty day moving average price is $392.78 and its 200 day moving average price is $374.08. The company has a market cap of $14.29 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00. Pool Co. has a 1-year low of $307.77 and a 1-year high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.46 EPS. On average, research analysts expect that Pool Co. will post 13.26 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a yield of 1.19%. Pool’s payout ratio is presently 34.43%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on POOL. TheStreet lowered Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $370.00 price target on shares of Pool in a research report on Tuesday, March 5th. Oppenheimer boosted their target price on Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, Loop Capital downgraded Pool from a “buy” rating to a “hold” rating and boosted their target price for the stock from $380.00 to $415.00 in a research note on Monday, January 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Pool presently has an average rating of “Hold” and a consensus price target of $397.80.

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.