Teachers Retirement System of The State of Kentucky Reduces Position in Pool Co. (NASDAQ:POOL)

Teachers Retirement System of The State of Kentucky reduced its stake in Pool Co. (NASDAQ:POOL) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,882 shares of the specialty retailer’s stock after selling 212 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Pool were worth $1,085,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in POOL. Taylor Frigon Capital Management LLC lifted its holdings 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 in the last quarter. Heritage Family Offices LLP lifted its stake in shares of Pool by 2.2% during 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 period. CWM LLC boosted its position in Pool by 3.7% during the third quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock worth $293,000 after acquiring an additional 28 shares during the last quarter. 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. Finally, Summit Trail Advisors LLC raised its holdings in Pool by 4.8% in the 2nd quarter. Summit Trail Advisors LLC now owns 678 shares of the specialty retailer’s stock valued at $208,000 after acquiring an additional 31 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Price Performance

Pool stock opened at $343.73 on Thursday. The firm has a fifty day moving average of $367.61 and a 200-day moving average of $353.01. Pool Co. has a 52-week low of $293.51 and a 52-week 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. The firm has a market capitalization of $13.08 billion, a P/E ratio of 29.58, a PEG ratio of 2.20 and a beta of 1.01.

Pool (NASDAQ:POOL) last announced 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. The firm 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 firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.50 EPS. As a group, analysts predict that Pool Co. will post 11.02 EPS for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.40%. The ex-dividend date was Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is presently 41.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Loop Capital lifted their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Wells Fargo & Company increased their price objective on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Oppenheimer boosted their target price on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Robert W. Baird increased their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $369.25.

Pool Company 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.