Pool Co. (NASDAQ:POOL) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its position in shares of Pool Co. (NASDAQ:POOL) by 13.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,644 shares of the specialty retailer’s stock after selling 408 shares during the period. Mackenzie Financial Corp’s holdings in Pool were worth $1,054,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of POOL. New York Life Investment Management LLC boosted its position in shares of Pool by 0.5% during the 3rd quarter. New York Life Investment Management LLC now owns 5,687 shares of the specialty retailer’s stock valued at $2,025,000 after purchasing an additional 30 shares in the last quarter. Assetmark Inc. grew its position in Pool by 12.2% in the third quarter. Assetmark Inc. now owns 321 shares of the specialty retailer’s stock worth $114,000 after buying an additional 35 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Pool by 39.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 36 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Pool by 4.5% during the 3rd quarter. Private Advisor Group LLC now owns 882 shares of the specialty retailer’s stock worth $314,000 after acquiring an additional 38 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Pool by 48.2% in the 3rd quarter. Allworth Financial LP now owns 123 shares of the specialty retailer’s stock worth $44,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on POOL shares. Oppenheimer increased their price target on Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. TheStreet cut shares of Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Loop Capital downgraded shares of Pool from a “buy” rating to a “hold” rating and boosted their target price for the company from $380.00 to $415.00 in a research note on Monday, January 8th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $370.00 price target on shares of Pool in a report on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Pool has a consensus rating of “Hold” and a consensus target price of $397.80.

Insiders Place Their Bets

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the transaction, the general counsel now owns 8,622 shares in the company, valued at $3,457,422. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Pool Price Performance

POOL opened at $377.39 on Thursday. The stock has a fifty day moving average price of $393.60 and a 200 day moving average price of $373.55. The company has a current ratio of 2.36, a quick ratio of 0.58 and a debt-to-equity ratio of 0.77. Pool Co. has a 1 year low of $307.77 and a 1 year high of $422.73. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 3.58 and a beta of 1.00.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. Pool had a return on equity of 37.94% and a net margin of 9.44%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business earned $1.79 EPS. The business’s quarterly revenue was down 8.5% on a year-over-year basis. Analysts forecast that Pool Co. will post 13.27 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Wednesday, March 13th. Pool’s dividend payout ratio is presently 33.03%.

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.