Pool Co. (NASDAQ:POOL) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its position in shares of Pool Co. (NASDAQ:POOL) by 16.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,567 shares of the specialty retailer’s stock after selling 722 shares during the period. Crossmark Global Holdings Inc.’s holdings in Pool were worth $1,344,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in POOL. Taylor Frigon Capital Management LLC increased its position in Pool by 0.8% during the second quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock worth $1,089,000 after buying an additional 28 shares during the period. Heritage Family Offices LLP increased its holdings in shares of Pool by 2.2% in the 3rd quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock valued at $482,000 after acquiring an additional 28 shares during the period. CWM LLC raised its position in Pool by 3.7% in the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock valued at $293,000 after purchasing an additional 28 shares during the last quarter. TIAA Trust National Association raised its position in Pool by 4.2% in the 1st quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock valued at $301,000 after purchasing an additional 30 shares during the last quarter. Finally, Aurora Investment Counsel boosted its stake in Pool by 0.6% during the 2nd quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock worth $1,542,000 after purchasing an additional 30 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

POOL has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a report on Monday, October 28th. Oppenheimer upped their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Robert W. Baird upped their price target on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, Loop Capital lifted their price objective on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $369.11.

Pool Stock Down 1.1 %

Pool stock opened at $351.19 on Thursday. The stock’s 50 day moving average price is $363.76 and its 200 day moving average price is $352.48. The company has a market cap of $13.36 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 2.16 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the company posted $3.50 EPS. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, sell-side analysts predict that Pool Co. will post 11 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 1.37%. Pool’s dividend payout ratio (DPR) is presently 41.31%.

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.