Public Employees Retirement Association of Colorado Decreases Stock Position in Pool Co. (NASDAQ:POOL)

Public Employees Retirement Association of Colorado reduced its holdings in shares of Pool Co. (NASDAQ:POOL) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,630 shares of the specialty retailer’s stock after selling 229 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.11% of Pool worth $12,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in POOL. Tortoise Investment Management LLC boosted its stake in shares of Pool by 68.9% during the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 42 shares during the last quarter. Crewe Advisors LLC boosted its stake in shares of Pool by 232.4% during the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Pool by 221.6% during the first quarter. UMB Bank n.a. now owns 164 shares of the specialty retailer’s stock worth $66,000 after buying an additional 113 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of Pool in the second quarter valued at approximately $74,000. Finally, Summit Securities Group LLC purchased a new position in shares of Pool during the second quarter valued at approximately $75,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Robert W. Baird raised their price target on Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Bank of America dropped their price objective on shares of Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th. Stifel Nicolaus raised their target price on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Finally, Oppenheimer upped their price target on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $350.00.

Pool Stock Down 2.1 %

Shares of Pool stock opened at $364.37 on Friday. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The stock has a market cap of $13.97 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 2.63 and a beta of 1.00. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. The company has a fifty day moving average price of $350.22 and a 200 day moving average price of $359.48.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, beating 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 company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $5.89 earnings per share. Equities research analysts forecast that Pool Co. will post 10.99 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.32%. Pool’s dividend payout ratio (DPR) is presently 37.56%.

Pool Company 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.