Carderock Capital Management Inc. Sells 4,349 Shares of Pool Co. (NASDAQ:POOL)

Carderock Capital Management Inc. lowered its stake in shares of Pool Co. (NASDAQ:POOLFree Report) by 23.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,917 shares of the specialty retailer’s stock after selling 4,349 shares during the period. Carderock Capital Management Inc.’s holdings in Pool were worth $5,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clear Street Markets LLC raised its position in shares of Pool by 94.9% during the first quarter. Clear Street Markets LLC now owns 76 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 37 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Pool during the third quarter worth about $33,000. West Tower Group LLC acquired a new stake in shares of Pool during the second quarter worth about $34,000. CVA Family Office LLC acquired a new stake in shares of Pool during the fourth quarter worth about $34,000. Finally, Huntington National Bank raised its position in shares of Pool by 96.7% during the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 58 shares during the period. Institutional investors own 98.99% of the company’s stock.

Pool Stock Up 0.1 %

NASDAQ:POOL opened at $392.01 on Thursday. The firm has a market capitalization of $15.09 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 3.64 and a beta of 1.00. Pool Co. has a twelve month low of $307.77 and a twelve month high of $422.73. The stock’s 50 day moving average price is $393.66 and its two-hundred day moving average price is $369.99. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77.

Pool (NASDAQ:POOLGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. The business’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.79 EPS. Equities research analysts expect that Pool Co. will post 13.27 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Wednesday, March 13th. Pool’s dividend payout ratio (DPR) is 33.03%.

Insiders Place Their Bets

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the transaction, the general counsel now directly owns 8,622 shares in the company, valued at approximately $3,457,422. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on POOL. Loop Capital lowered Pool from a “buy” rating to a “hold” rating and raised their price target for the stock from $380.00 to $415.00 in a research report on Monday, January 8th. Oppenheimer raised their price target on Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. TheStreet lowered Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $370.00 target price on shares of Pool in a research report on Tuesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft lowered Pool from a “buy” rating to a “hold” rating and dropped their target price for the company from $371.00 to $368.00 in a research report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $388.63.

Get Our Latest Stock Report on POOL

Pool Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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