Pool Co. (NASDAQ:POOL) Stock Holdings Lowered by Diversify Advisory Services LLC

Diversify Advisory Services LLC lessened its position in Pool Co. (NASDAQ:POOL) by 18.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,195 shares of the specialty retailer’s stock after selling 278 shares during the period. Diversify Advisory Services LLC’s holdings in Pool were worth $390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversify Wealth Management LLC boosted its position in shares of Pool by 19.9% during the fourth quarter. Diversify Wealth Management LLC now owns 5,744 shares of the specialty retailer’s stock worth $1,875,000 after buying an additional 953 shares during the period. Verity & Verity LLC grew its stake in shares of Pool by 19.7% in the fourth quarter. Verity & Verity LLC now owns 1,130 shares of the specialty retailer’s stock worth $385,000 after purchasing an additional 186 shares in the last quarter. Merit Financial Group LLC increased its holdings in shares of Pool by 22.7% during the fourth quarter. Merit Financial Group LLC now owns 3,579 shares of the specialty retailer’s stock valued at $1,220,000 after purchasing an additional 661 shares during the period. Avanza Fonder AB bought a new stake in shares of Pool during the fourth quarter valued at about $1,457,000. Finally, JGP Wealth Management LLC lifted its holdings in Pool by 4.9% in the fourth quarter. JGP Wealth Management LLC now owns 34,027 shares of the specialty retailer’s stock worth $11,601,000 after purchasing an additional 1,587 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Loop Capital upped their target price on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Robert W. Baird lifted their target price on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $369.25.

Pool Trading Up 0.2 %

NASDAQ:POOL opened at $359.93 on Thursday. The stock has a fifty day simple moving average of $355.72 and a 200 day simple moving average of $355.03. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 1.96 and a beta of 1.03. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $3.50 earnings per share. Sell-side analysts forecast that Pool Co. will post 11.03 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $1.20 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.33%. Pool’s payout ratio is currently 41.31%.

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.