Livingston Group Asset Management CO operating as Southport Capital Management trimmed its position in Pool Co. (NASDAQ:POOL) by 4.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,042 shares of the specialty retailer’s stock after selling 262 shares during the quarter. Pool makes up approximately 0.9% of Livingston Group Asset Management CO operating as Southport Capital Management’s portfolio, making the stock its 22nd largest position. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Pool were worth $2,190,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in POOL. Duncker Streett & Co. Inc. purchased a new stake in shares of Pool in the second quarter worth approximately $28,000. SkyView Investment Advisors LLC lifted its position in shares of Pool by 423.5% in the first quarter. SkyView Investment Advisors LLC now owns 89 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 72 shares in the last quarter. IndexIQ Advisors LLC purchased a new stake in shares of Pool in the second quarter worth approximately $35,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Pool in the second quarter worth approximately $36,000. Finally, Berman Capital Advisors LLC lifted its position in shares of Pool by 335.0% in the second quarter. Berman Capital Advisors LLC now owns 87 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 91.10% of the company’s stock.
In other news, Vice Chairman De La Mesa Manuel J. Perez sold 21,278 shares of the firm’s stock in a transaction on Friday, November 19th. The shares were sold at an average price of $578.32, for a total value of $12,305,492.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman De La Mesa Manuel J. Perez sold 743 shares of Pool stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $577.43, for a total transaction of $429,030.49. The disclosure for this sale can be found here. In the last three months, insiders sold 51,088 shares of company stock worth $29,394,064. Insiders own 4.00% of the company’s stock.
Pool (NASDAQ:POOL) last released its quarterly earnings results on Wednesday, October 20th. The specialty retailer reported $4.51 EPS for the quarter, beating the Zacks’ consensus estimate of $3.87 by $0.64. Pool had a net margin of 11.81% and a return on equity of 76.16%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm posted $2.71 earnings per share. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. On average, analysts forecast that Pool Co. will post 15.17 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 24th. Stockholders of record on Thursday, November 11th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Tuesday, November 9th. Pool’s dividend payout ratio is 21.65%.
POOL has been the subject of a number of research analyst reports. KeyCorp increased their price target on shares of Pool from $500.00 to $570.00 and gave the stock an “overweight” rating in a research report on Friday, October 22nd. Zacks Investment Research lowered shares of Pool from a “buy” rating to a “hold” rating and set a $459.00 price objective on the stock. in a research report on Monday, October 4th. Robert W. Baird reaffirmed a “buy” rating on shares of Pool in a research report on Friday, November 12th. Loop Capital raised their price objective on shares of Pool from $485.00 to $540.00 and gave the company a “hold” rating in a research report on Friday, October 22nd. They noted that the move was a valuation call. Finally, Stephens raised their price objective on shares of Pool from $505.00 to $570.00 and gave the company an “equal weight” rating in a research report on Monday, October 25th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $516.29.
Pool Company Profile
Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also offers non-discretionary pool maintenance products such as chemicals and replacement parts; discretionary products like packaged pool kits, whole goods, irrigation, and landscape products, including a complete line of commercial and residential irrigation products and parts, power equipment for the professional landscape market; specialty products such as outdoor lighting, grills, and outdoor kitchen components; and golf irrigation and water management products.
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