Pool Corporation (NASDAQ:POOL) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its position in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 35.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,330 shares of the specialty retailer's stock after selling 1,257 shares during the quarter. Pacer Advisors Inc.'s holdings in Pool were worth $742,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of Pool by 15.2% in the 1st quarter. Assetmark Inc. now owns 874 shares of the specialty retailer's stock worth $278,000 after acquiring an additional 115 shares during the period. Cetera Investment Advisers raised its holdings in Pool by 2.7% during the 1st quarter. Cetera Investment Advisers now owns 9,493 shares of the specialty retailer's stock worth $3,022,000 after buying an additional 251 shares during the period. Avantax Advisory Services Inc. lifted its stake in Pool by 26.4% during the first quarter. Avantax Advisory Services Inc. now owns 2,285 shares of the specialty retailer's stock valued at $727,000 after buying an additional 477 shares in the last quarter. Hamilton Point Investment Advisors LLC increased its position in shares of Pool by 2.6% in the first quarter. Hamilton Point Investment Advisors LLC now owns 14,523 shares of the specialty retailer's stock worth $4,623,000 after acquiring an additional 374 shares in the last quarter. Finally, One Wealth Advisors LLC raised its holdings in shares of Pool by 26.3% during the first quarter. One Wealth Advisors LLC now owns 1,910 shares of the specialty retailer's stock valued at $608,000 after acquiring an additional 398 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

POOL has been the subject of a number of research reports. Wall Street Zen upgraded Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Robert W. Baird raised their price target on shares of Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Oppenheimer upped their price objective on shares of Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a research note on Tuesday. Stephens decreased their target price on shares of Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, Wells Fargo & Company upped their price target on shares of Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $342.14.

Pool Stock Down 1.3%

POOL stock opened at $308.14 on Friday. The firm has a market cap of $11.59 billion, a PE ratio of 28.43, a PEG ratio of 4.31 and a beta of 1.10. Pool Corporation has a 1 year low of $282.22 and a 1 year high of $395.60. The company has a fifty day simple moving average of $301.50 and a 200 day simple moving average of $317.69. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.05. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. Pool had a return on equity of 30.99% and a net margin of 7.79%. The firm's revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.99 EPS. Sell-side analysts anticipate that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, August 14th. Pool's payout ratio is presently 46.13%.

Pool declared that its board has initiated a share repurchase plan on Wednesday, April 30th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

About Pool

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.

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