Kentucky Retirement Systems Sells 49 Shares of Pool Co. (NASDAQ:POOL)

Kentucky Retirement Systems lowered its stake in Pool Co. (NASDAQ:POOL) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,888 shares of the specialty retailer’s stock after selling 49 shares during the period. Kentucky Retirement Systems’ holdings in Pool were worth $888,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL increased its stake in shares of Pool by 1.3% in the 2nd quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock valued at $262,678,000 after buying an additional 11,059 shares during the period. Wasatch Advisors LP increased its position in Pool by 9.6% in the first quarter. Wasatch Advisors LP now owns 525,004 shares of the specialty retailer’s stock worth $211,839,000 after purchasing an additional 45,953 shares during the period. Bank of New York Mellon Corp raised its holdings in Pool by 26.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock worth $133,125,000 after purchasing an additional 90,951 shares during the last quarter. American Century Companies Inc. lifted its position in Pool by 9.6% during the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock valued at $132,244,000 after purchasing an additional 37,598 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Pool by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 343,382 shares of the specialty retailer’s stock valued at $105,531,000 after purchasing an additional 12,152 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

POOL has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target 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. The Goldman Sachs Group upped their target price on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Bank of America reduced their price target on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Loop Capital dropped their price objective on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a report on Tuesday, June 25th. Finally, Stephens cut their target price on Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $350.00.

Pool Stock Down 2.1 %

Shares of Pool stock opened at $364.37 on Friday. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. The company has a market capitalization of $13.97 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 2.63 and a beta of 1.00. The business has a 50-day moving average of $350.22 and a two-hundred day moving average of $359.48.

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

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Thursday, August 15th. Pool’s 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.