Pool Co. (NASDAQ:POOL) Position Reduced by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its position in Pool Co. (NASDAQ:POOL) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,745 shares of the specialty retailer’s stock after selling 1,318 shares during the period. Hantz Financial Services Inc. owned about 0.08% of Pool worth $11,962,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in POOL. Kayne Anderson Rudnick Investment Management LLC raised its stake in Pool by 1.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock valued at $646,291,000 after purchasing an additional 33,955 shares during the period. Blair William & Co. IL raised its position in Pool by 1.3% during the second quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock valued at $262,678,000 after buying an additional 11,059 shares during the period. Bank of New York Mellon Corp raised its position in Pool by 26.6% during the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after buying an additional 90,951 shares during the period. American Century Companies Inc. lifted its stake in Pool by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock worth $132,244,000 after acquiring an additional 37,598 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Pool by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 343,382 shares of the specialty retailer’s stock worth $105,531,000 after acquiring an additional 12,152 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

POOL opened at $376.83 on Friday. The stock has a 50-day moving average of $366.95 and a 200-day moving average of $352.69. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The company has a market cap of $14.34 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the business earned $3.50 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. As a group, equities research analysts forecast that Pool Co. will post 10.98 earnings per share for the current fiscal year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.27%. Pool’s dividend payout ratio (DPR) is presently 41.31%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on POOL shares. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Oppenheimer lifted their target price 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 increased their price objective on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Loop Capital lifted their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus upped their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Pool has a consensus rating of “Hold” and an average target price of $369.11.

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.