First Hawaiian Bank Decreases Stock Position in Pool Co. (NASDAQ:POOL)

First Hawaiian Bank decreased its position in shares of Pool Co. (NASDAQ:POOL) by 41.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,195 shares of the specialty retailer’s stock after selling 4,433 shares during the period. First Hawaiian Bank’s holdings in Pool were worth $2,112,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of Pool during the third quarter worth about $31,000. Wilmington Savings Fund Society FSB purchased a new stake in Pool during the 3rd quarter worth approximately $60,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Pool by 101.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 164 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Pool by 24.8% during the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock valued at $151,000 after buying an additional 80 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Pool during the third quarter worth approximately $160,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Trading Down 1.0 %

Shares of NASDAQ POOL opened at $324.79 on Thursday. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 2.20 and a beta of 1.03. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The stock’s 50 day simple moving average is $360.75 and its 200 day simple moving average is $352.77.

Pool (NASDAQ:POOL) last posted its 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. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business posted $3.50 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts expect that Pool Co. will post 11.02 EPS for the current year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is 41.31%.

Analysts Set New Price Targets

A number of research firms have commented on POOL. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. Stifel Nicolaus lifted their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Oppenheimer boosted their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Loop Capital increased their target price on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Robert W. Baird boosted their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Pool presently has a consensus rating of “Hold” and a consensus price target of $369.25.

Pool Company 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.