Tidal Investments LLC Cuts Holdings in Pool Co. (NASDAQ:POOL)

Tidal Investments LLC cut its holdings in Pool Co. (NASDAQ:POOL) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,450 shares of the specialty retailer’s stock after selling 734 shares during the quarter. Tidal Investments LLC’s holdings in Pool were worth $2,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Pool during the 1st quarter worth $393,000. Kennedy Capital Management LLC boosted its holdings in Pool by 19.5% during the first quarter. Kennedy Capital Management LLC now owns 34,156 shares of the specialty retailer’s stock worth $13,782,000 after buying an additional 5,569 shares in the last quarter. Ascent Group LLC grew its position in Pool by 4.0% during the first quarter. Ascent Group LLC now owns 1,285 shares of the specialty retailer’s stock worth $518,000 after buying an additional 50 shares during the period. Epoch Investment Partners Inc. increased its holdings in Pool by 58.6% in the first quarter. Epoch Investment Partners Inc. now owns 195,741 shares of the specialty retailer’s stock valued at $78,981,000 after buying an additional 72,322 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Pool during the 1st quarter valued at approximately $243,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Trading Down 4.4 %

Shares of POOL traded down $16.17 on Friday, hitting $349.39. 57,319 shares of the stock traded hands, compared to its average volume of 373,854. The firm has a market capitalization of $13.39 billion, a P/E ratio of 28.60, a P/E/G ratio of 2.75 and a beta of 1.00. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The stock’s 50 day moving average is $336.41 and its two-hundred day moving average is $368.22.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.89 EPS. As a group, sell-side analysts predict that Pool Co. will post 10.95 earnings per share for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Thursday, August 15th. Pool’s dividend payout ratio is currently 37.56%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Stephens dropped their price objective on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. Robert W. Baird lifted their price target on Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Bank of America lowered their price objective on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 25th. Wells Fargo & Company raised their target price on shares of Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Finally, Oppenheimer upped their price target on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Pool has a consensus rating of “Hold” and an average price target of $347.22.

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.