Pool Co. (NASDAQ:POOL) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Pool Co. (NASDAQ:POOL) by 6.9% in the 3rd quarter, Holdings Channel reports. The fund owned 2,882 shares of the specialty retailer’s stock after selling 212 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Pool were worth $1,085,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of POOL. Brooklyn Investment Group purchased a new position in Pool in the third quarter valued at about $31,000. Tortoise Investment Management LLC boosted its stake in shares of Pool by 68.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 42 shares during the last quarter. Crewe Advisors LLC grew its position in shares of Pool by 232.4% during the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after buying an additional 79 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Pool by 26.2% in the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after buying an additional 43 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new stake in shares of Pool in the second quarter worth $74,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Price Performance

Shares of NASDAQ POOL opened at $343.73 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The firm has a market capitalization of $13.08 billion, a PE ratio of 29.58, a P/E/G ratio of 2.20 and a beta of 1.01. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The business’s fifty day moving average price is $367.61 and its two-hundred day moving average price is $353.01.

Pool (NASDAQ:POOL) last released its quarterly earnings data 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. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.50 EPS. On average, research analysts expect that Pool Co. will post 11.02 EPS for the current year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is 41.31%.

Analysts Set New Price Targets

Several brokerages have weighed in on POOL. Robert W. Baird raised their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Wells Fargo & Company lifted their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Oppenheimer boosted their price target on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Loop Capital raised their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $369.25.

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.