Pool Co. (NASDAQ:POOL) Stock Position Reduced by Natixis Advisors LLC

Natixis Advisors LLC decreased its stake in Pool Co. (NASDAQ:POOL) by 2.9% in the second quarter, Holdings Channel reports. The institutional investor owned 49,474 shares of the specialty retailer’s stock after selling 1,488 shares during the quarter. Natixis Advisors LLC’s holdings in Pool were worth $15,205,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Swedbank AB purchased a new stake in shares of Pool during the first quarter worth $96,528,000. TD Asset Management Inc raised its stake in shares of Pool by 585.6% during the 4th quarter. TD Asset Management Inc now owns 183,060 shares of the specialty retailer’s stock worth $72,988,000 after purchasing an additional 156,361 shares in the last quarter. Caledonia Investments PLC bought a new stake in shares of Pool in the 2nd quarter valued at approximately $37,390,000. Norges Bank acquired a new position in Pool in the fourth quarter worth approximately $44,697,000. Finally, Epoch Investment Partners Inc. raised its position in Pool by 711.3% during the fourth quarter. Epoch Investment Partners Inc. now owns 123,419 shares of the specialty retailer’s stock valued at $49,208,000 after acquiring an additional 108,207 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on POOL. Stifel Nicolaus boosted their target price on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Loop Capital lowered their target price 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. Oppenheimer boosted their price target on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. The Goldman Sachs Group upped 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. Finally, Wells Fargo & Company raised their price objective on Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $350.00.

Pool Stock Performance

POOL opened at $344.53 on Thursday. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The stock’s 50 day moving average price is $338.44 and its two-hundred day moving average price is $362.63. The firm has a market capitalization of $13.18 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 2.58 and a beta of 1.00. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.09. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. Pool’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company posted $5.89 earnings per share. On average, equities analysts forecast that Pool Co. will post 10.98 earnings per share for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s dividend payout ratio is currently 37.56%.

Pool 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.