Pool Co. (NASDAQ:POOL) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lowered its position in Pool Co. (NASDAQ:POOL) by 11.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,927 shares of the specialty retailer’s stock after selling 662 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Pool were worth $1,514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in POOL. Taylor Frigon Capital Management LLC grew its position in Pool by 0.8% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock valued at $1,089,000 after buying an additional 28 shares during the last quarter. Czech National Bank boosted its holdings in shares of Pool by 0.4% in the first quarter. Czech National Bank now owns 6,805 shares of the specialty retailer’s stock valued at $2,746,000 after acquiring an additional 30 shares in the last quarter. Wedmont Private Capital increased its stake in shares of Pool by 5.4% during the first quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer’s stock worth $236,000 after acquiring an additional 30 shares during the period. TIAA Trust National Association raised its holdings in Pool by 4.2% during the first quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock worth $301,000 after purchasing an additional 30 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its position in Pool by 1.2% in the fourth quarter. Great Lakes Advisors LLC now owns 2,724 shares of the specialty retailer’s stock valued at $1,086,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

Shares of POOL opened at $371.86 on Wednesday. The company has a 50-day moving average of $347.01 and a two-hundred day moving average of $359.93. The stock has a market cap of $14.25 billion, a P/E ratio of 29.10, a PEG ratio of 2.54 and a beta of 1.00. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.90 by $0.09. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. Pool’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.89 EPS. As a group, research analysts predict that Pool Co. will post 10.99 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.29%. Pool’s dividend payout ratio (DPR) is 37.56%.

Analyst Ratings Changes

POOL has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Oppenheimer raised their target price on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Bank of America decreased their target price 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. Robert W. Baird raised their price objective on shares of Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, Stephens lowered their target price 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $350.00.

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.