Kentucky Retirement Systems Insurance Trust Fund Has $515,000 Position in Pool Co. (NASDAQ:POOL)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in shares of Pool Co. (NASDAQ:POOL) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,276 shares of the specialty retailer’s stock after selling 102 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Pool were worth $515,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in POOL. Raymond James Financial Services Advisors Inc. lifted its stake in Pool by 7.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 23,224 shares of the specialty retailer’s stock valued at $9,260,000 after acquiring an additional 1,667 shares during the last quarter. IFG Advisory LLC grew its holdings in shares of Pool by 8.2% in the 4th quarter. IFG Advisory LLC now owns 696 shares of the specialty retailer’s stock worth $278,000 after purchasing an additional 53 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Pool by 22.7% in the 4th quarter. Fifth Third Bancorp now owns 1,434 shares of the specialty retailer’s stock worth $572,000 after purchasing an additional 265 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC acquired a new position in Pool during the 4th quarter worth about $240,000. Finally, Osborne Partners Capital Management LLC lifted its position in Pool by 1.3% during the 4th quarter. Osborne Partners Capital Management LLC now owns 30,079 shares of the specialty retailer’s stock worth $11,993,000 after buying an additional 373 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

POOL has been the topic of several research reports. Bank of America reduced their price target on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Oppenheimer upped their target price on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday. Stephens cut their target price on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 25th. Robert W. Baird upped their target price on shares of Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Loop Capital cut their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $347.22.

Pool Stock Up 3.3 %

Shares of NASDAQ POOL traded up $11.88 during trading hours on Friday, hitting $371.82. The company had a trading volume of 787,168 shares, compared to its average volume of 481,398. The stock has a market capitalization of $14.25 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The company has a quick ratio of 0.56, 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 firm’s 50 day moving average is $336.23 and its 200-day moving average is $368.38.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, beating the consensus estimate of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the firm posted $5.89 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts expect that Pool Co. will post 11.04 earnings per share for the current fiscal year.

Pool Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a dividend of $1.20 per share. This is an increase from Pool’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $4.80 annualized dividend and a yield of 1.29%. Pool’s dividend payout ratio (DPR) is currently 37.56%.

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.