Retirement Systems of Alabama Sells 120 Shares of Pool Co. (NASDAQ:POOL)

Retirement Systems of Alabama lessened its holdings in Pool Co. (NASDAQ:POOL) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,335 shares of the specialty retailer’s stock after selling 120 shares during the quarter. Retirement Systems of Alabama’s holdings in Pool were worth $3,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Brooklyn Investment Group bought a new stake in shares of Pool in the 3rd quarter worth approximately $31,000. Tortoise Investment Management LLC raised its stake in shares of Pool by 68.9% in the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 42 shares during the period. Crewe Advisors LLC lifted its position in shares of Pool by 232.4% during the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Pool during the 3rd quarter worth $60,000. Finally, UMB Bank n.a. increased its holdings in Pool by 26.2% in the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after acquiring an additional 43 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Price Performance

NASDAQ:POOL opened at $349.04 on Friday. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The stock has a fifty day moving average of $366.41 and a 200 day moving average of $352.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 30.04, a P/E/G ratio of 2.20 and a beta of 1.01.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the company posted $3.50 EPS. On average, research analysts expect that Pool Co. will post 11.02 EPS for the current fiscal year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $1.20 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 1.38%. Pool’s dividend payout ratio is presently 41.31%.

Analysts Set New Price Targets

A number of brokerages have weighed in on POOL. Robert W. Baird increased their target price on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. 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. Stifel Nicolaus increased 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. Loop Capital lifted their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, StockNews.com raised Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $369.25.

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.