BNP Paribas Financial Markets Lowers Holdings in Pool Co. (NASDAQ:POOL)

BNP Paribas Financial Markets reduced its stake in Pool Co. (NASDAQ:POOL) by 22.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,375 shares of the specialty retailer’s stock after selling 12,787 shares during the period. BNP Paribas Financial Markets’ holdings in Pool were worth $16,344,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of POOL. Brooklyn Investment Group bought a new position in Pool in the 3rd quarter worth about $31,000. Tortoise Investment Management LLC lifted its stake in shares of Pool by 68.9% in the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of Pool by 232.4% during the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 79 shares during the last quarter. UMB Bank n.a. increased its position in shares of Pool by 26.2% during the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after acquiring an additional 43 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new position in Pool in the 2nd quarter worth approximately $74,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Trading Up 0.1 %

Shares of Pool stock opened at $377.09 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The stock has a market capitalization of $14.35 billion, a PE ratio of 32.45, a P/E/G ratio of 2.29 and a beta of 1.01. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The company’s fifty day simple moving average is $367.20 and its 200-day simple moving average is $352.54.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the company posted $3.50 earnings per share. Pool’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities analysts anticipate that Pool Co. will post 10.98 earnings per share for the current year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s dividend payout ratio is currently 41.31%.

Analysts Set New Price Targets

Several analysts have commented on the company. Stifel Nicolaus increased their target price on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Robert W. Baird boosted their target price on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Oppenheimer raised their price target on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Loop Capital boosted their price objective on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and a consensus price target of $369.11.

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.