Pool Co. (NASDAQ:POOL) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC trimmed its stake in Pool Co. (NASDAQ:POOL) by 37.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,096 shares of the specialty retailer’s stock after selling 1,831 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Pool were worth $1,167,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in POOL. Taylor Frigon Capital Management LLC raised its stake in Pool by 0.8% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock valued at $1,089,000 after purchasing an additional 28 shares during the last quarter. Heritage Family Offices LLP raised its position in shares of Pool by 2.2% in the third quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock valued at $482,000 after buying an additional 28 shares during the last quarter. CWM LLC lifted its stake in shares of Pool by 3.7% during the third quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock valued at $293,000 after buying an additional 28 shares during the period. TIAA Trust National Association boosted its position in Pool by 4.2% during the first quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock worth $301,000 after acquiring an additional 30 shares during the last quarter. Finally, Aurora Investment Counsel grew its stake in Pool by 0.6% in the 2nd quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock worth $1,542,000 after acquiring an additional 30 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company raised their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Loop Capital upped their price objective on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Finally, Robert W. Baird boosted their target price on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Pool presently has an average rating of “Hold” and an average target price of $369.11.

Pool Stock Performance

NASDAQ:POOL opened at $357.49 on Friday. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.16 and a beta of 1.01. 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 firm’s fifty day simple moving average is $363.76 and its 200 day simple moving average is $352.48.

Pool (NASDAQ:POOL) last issued 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 company 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 was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.50 earnings per share. As a group, equities research analysts expect that Pool Co. will post 11 earnings per share for the current fiscal year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.34%. Pool’s dividend 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.