Handelsinvest Investeringsforvaltning Sells 542 Shares of Pool Co. (NASDAQ:POOL)

Handelsinvest Investeringsforvaltning cut its holdings in Pool Co. (NASDAQ:POOL) by 34.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,045 shares of the specialty retailer’s stock after selling 542 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Pool were worth $422,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new stake in Pool in the fourth quarter worth $28,000. Stuart Chaussee & Associates Inc. increased its position in shares of Pool by 250.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 55 shares during the period. CVA Family Office LLC purchased a new position in shares of Pool in the fourth quarter valued at about $34,000. Lindbrook Capital LLC increased its position in shares of Pool by 73.7% in the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 42 shares during the period. Finally, VisionPoint Advisory Group LLC increased its position in shares of Pool by 11,800.0% in the fourth quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 118 shares during the period. 98.99% of the stock is owned by institutional investors.

Pool Trading Down 0.1 %

Shares of NASDAQ POOL opened at $301.09 on Thursday. The firm’s 50 day moving average price is $351.22 and its 200-day moving average price is $376.26. The company has a market cap of $11.54 billion, a PE ratio of 23.56, a P/E/G ratio of 2.22 and a beta of 1.00. Pool Co. has a 52-week low of $298.07 and a 52-week high of $422.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the company earned $2.46 EPS. On average, equities research analysts expect that Pool Co. will post 10.94 EPS for the current fiscal year.

Pool Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This is an increase from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a yield of 1.59%. Pool’s dividend payout ratio (DPR) is presently 37.56%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on POOL. Robert W. Baird decreased their price objective on shares of Pool from $380.00 to $305.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 25th. Wells Fargo & Company decreased their price objective on shares of Pool from $360.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 25th. Loop Capital decreased their price objective on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research report on Tuesday, June 25th. Bank of America decreased their price objective on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Finally, Stephens reduced their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $328.00.

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.