Everpar Advisors LLC Cuts Stock Holdings in Pool Co. (NASDAQ:POOL)

Everpar Advisors LLC lessened its stake in Pool Co. (NASDAQ:POOL) by 2.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,735 shares of the specialty retailer’s stock after selling 43 shares during the quarter. Everpar Advisors LLC’s holdings in Pool were worth $552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in POOL. Apollon Wealth Management LLC increased its holdings in Pool by 7.4% in the 4th quarter. Apollon Wealth Management LLC now owns 1,539 shares of the specialty retailer’s stock worth $525,000 after acquiring an additional 106 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Pool by 816.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock worth $13,601,000 after acquiring an additional 36,403 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in Pool by 457.6% in the 4th quarter. Vontobel Holding Ltd. now owns 5,548 shares of the specialty retailer’s stock worth $1,892,000 after acquiring an additional 4,553 shares in the last quarter. PUREfi Wealth LLC purchased a new stake in Pool in the 4th quarter worth $251,000. Finally, Sierra Ocean LLC purchased a new stake in Pool in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Insider Activity

In other news, SVP Jennifer M. Neil sold 1,223 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the transaction, the senior vice president now owns 9,667 shares of the company’s stock, valued at approximately $3,045,105. The trade was a 11.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.00% of the company’s stock.

Pool Price Performance

Pool stock opened at $288.90 on Friday. Pool Co. has a 52-week low of $284.28 and a 52-week high of $395.60. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 2.03 and a beta of 1.12. The company has a fifty day simple moving average of $303.53 and a 200-day simple moving average of $329.69. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.10). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. Pool had a net margin of 8.18% and a return on equity of 31.11%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 EPS. On average, equities analysts anticipate that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool declared that its board has approved a share buyback plan on Wednesday, April 30th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Pool Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a dividend of $1.25 per share. This is a boost from Pool’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, May 15th. This represents a $5.00 annualized dividend and a dividend yield of 1.73%. Pool’s payout ratio is presently 46.90%.

Analysts Set New Price Targets

POOL has been the subject of several recent analyst reports. Robert W. Baird cut their price target on shares of Pool from $325.00 to $310.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Wells Fargo & Company set a $300.00 price target on shares of Pool in a report on Friday, April 25th. Stifel Nicolaus set a $300.00 target price on shares of Pool in a report on Friday, April 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pool in a report on Tuesday, April 1st. They set a “hold” rating and a $344.00 target price for the company. Finally, Wall Street Zen lowered shares of Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Pool currently has a consensus rating of “Hold” and an average price target of $336.22.

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.