Kentucky Retirement Systems Reduces Stock Holdings in Pool Co. (NASDAQ:POOL)

Kentucky Retirement Systems lowered its position in Pool Co. (NASDAQ:POOL) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,629 shares of the specialty retailer’s stock after selling 36 shares during the quarter. Kentucky Retirement Systems’ holdings in Pool were worth $896,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group purchased a new position in shares of Pool in the third quarter valued at $31,000. Sierra Ocean LLC purchased a new position in shares of Pool in the fourth quarter valued at $30,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Pool in the third quarter valued at $60,000. YANKCOM Partnership purchased a new position in shares of Pool in the fourth quarter valued at $61,000. Finally, Hilltop National Bank increased its position in shares of Pool by 18.1% in the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Up 0.2 %

Shares of NASDAQ:POOL opened at $344.73 on Tuesday. The stock’s 50-day moving average price is $343.12 and its two-hundred day moving average price is $355.63. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 2.03 and a beta of 1.03.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Pool had a return on equity of 31.11% and a net margin of 8.18%. The firm had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. On average, research analysts forecast that Pool Co. will post 11.32 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company dropped their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Stifel Nicolaus increased their price objective on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Oppenheimer increased 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. One research analyst has 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. Based on data from MarketBeat, Pool has a consensus rating of “Hold” and a consensus price target of $368.00.

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.