Second Line Capital LLC Decreases Holdings in Pool Co. (NASDAQ:POOL)

Second Line Capital LLC decreased its stake in Pool Co. (NASDAQ:POOL) by 17.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 814 shares of the specialty retailer’s stock after selling 174 shares during the period. Second Line Capital LLC’s holdings in Pool were worth $250,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of POOL. Swedbank AB acquired a new stake in Pool in the first quarter valued at $96,528,000. TD Asset Management Inc lifted its position in Pool by 67.4% in the 1st quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock valued at $123,651,000 after purchasing an additional 123,387 shares during the last quarter. Caledonia Investments PLC acquired a new position in Pool during the 2nd quarter valued at about $37,390,000. Epoch Investment Partners Inc. grew its position in Pool by 711.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 123,419 shares of the specialty retailer’s stock worth $49,208,000 after purchasing an additional 108,207 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Pool by 26.6% in the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after purchasing an additional 90,951 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

POOL has been the subject of several analyst reports. Loop Capital reduced their price objective on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday, June 25th. The Goldman Sachs Group increased their price target on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus lifted their price objective on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Friday, August 30th. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Finally, Stephens lowered their target price on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $350.00.

Pool Stock Up 0.6 %

POOL stock opened at $372.54 on Monday. The firm has a market cap of $14.25 billion, a PE ratio of 29.15, a P/E/G ratio of 2.73 and a beta of 1.00. Pool Co. has a 12 month low of $293.51 and a 12 month 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 firm has a 50 day simple moving average of $354.01 and a 200 day simple moving average of $357.79.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, beating analysts’ consensus estimates of $4.90 by $0.09. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.89 EPS. Equities research analysts forecast that Pool Co. will post 10.99 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.29%. 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.