Pool Co. (NASDAQ:POOL) Stock Position Reduced by Diversify Advisory Services LLC

Diversify Advisory Services LLC decreased its stake in Pool Co. (NASDAQ:POOL) by 18.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,195 shares of the specialty retailer’s stock after selling 278 shares during the quarter. Diversify Advisory Services LLC’s holdings in Pool were worth $390,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in shares of Pool during the third quarter worth $31,000. Wilmington Savings Fund Society FSB acquired a new position in Pool in the 3rd quarter worth about $60,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Pool by 101.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 164 shares in the last quarter. Hilltop National Bank lifted its holdings in shares of Pool by 18.1% during the 4th quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 63 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Pool by 24.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock valued at $151,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Price Performance

Shares of NASDAQ:POOL opened at $359.93 on Thursday. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 1.96 and a beta of 1.03. The business has a 50 day moving average price of $355.72 and a 200 day moving average price of $355.03. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. Pool’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company posted $3.50 earnings per share. Research analysts predict that Pool Co. will post 11.03 earnings per share for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.33%. Pool’s payout ratio is 41.31%.

Analyst Upgrades and Downgrades

POOL has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Oppenheimer lifted their price objective on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Robert W. Baird raised their target price on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Stifel Nicolaus upped their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research note on Sunday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.