Pool Corporation $POOL Stock Holdings Cut by Villere ST Denis J & Co. LLC

Key Points

• Villere ST Denis J & Co. cut its Pool Corporation stake by 6.5% in the third quarter, selling 6,340 shares; it retained 90,703 shares valued at about $14.7 million.
• Pool beat quarterly earnings and revenue estimates, reporting EPS of $3.40 and revenue of $1.50 billion; revenue increased 3.7% year over year.
• Analysts have a consensus Hold rating and an average price target of $227.70. Pool also announced a quarterly dividend of $1.30 per share.

Villere ST Denis J & Co. LLC trimmed its position in Pool Corporation (NASDAQ:POOL - Free Report) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,703 shares of the specialty retailer's stock after selling 6,340 shares during the period. Villere ST Denis J & Co. LLC owned approximately 0.25% of Pool worth $14,682,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fulcrum Asset Management LLP acquired a new stake in shares of Pool during the third quarter worth about $350,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Pool in the 3rd quarter valued at approximately $4,785,000. StoneX Group Inc. acquired a new position in shares of Pool in the 3rd quarter valued at approximately $217,000. Parallel Advisors LLC increased its stake in Pool by 32.7% during the 3rd quarter. Parallel Advisors LLC now owns 1,192 shares of the specialty retailer's stock worth $193,000 after purchasing an additional 294 shares in the last quarter. Finally, Alps Advisors Inc. bought a new stake in Pool during the 3rd quarter worth approximately $6,134,000. Institutional investors own 98.99% of the company's stock.

Pool Stock Performance

Shares of POOL stock opened at $221.05 on Tuesday. The company has a fifty day moving average price of $178.21 and a two-hundred day moving average price of $201.42. Pool Corporation has a one year low of $152.70 and a one year high of $278.17. The stock has a market cap of $7.90 billion, a P/E ratio of 19.84, a P/E/G ratio of 3.33 and a beta of 0.93. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.46 and a quick ratio of 0.86.

Pool (NASDAQ:POOL - Get Free Report) last issued its earnings results on Thursday, October 22nd. The specialty retailer reported $3.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.36 by $0.04. Pool had a net margin of 7.27% and a return on equity of 33.50%. The company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the prior year, the firm earned $3.39 EPS. Pool's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts predict that Pool Corporation will post 10.95 EPS for the current year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, November 10th. Pool's dividend payout ratio (DPR) is presently 47.84%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on POOL shares. Citigroup reiterated an "underperform" rating on shares of Pool in a report on Monday, October 19th. Stifel Nicolaus cut their price objective on shares of Pool from $189.00 to $175.00 and set a "hold" rating on the stock in a research report on Tuesday, October 20th. Bank of America cut their price objective on shares of Pool from $226.00 to $206.00 and set an "underperform" rating on the stock in a research report on Monday, July 20th. Stephens upped their target price on shares of Pool from $200.00 to $230.00 and gave the stock an "overweight" rating in a research note on Friday, October 23rd. Finally, Wells Fargo & Company increased their target price on Pool from $165.00 to $190.00 and gave the stock an "equal weight" rating in a report on Friday, October 23rd. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $227.70.

Pool Profile

Pool Corporation, doing business as POOL, is a wholesale distributor of swimming pool and related outdoor living products. It supplies pool builders, service companies, retailers and other professionals with products used to construct, maintain, repair and renovate swimming pools.

Its offerings include pool and spa equipment, chemicals, parts, maintenance supplies and accessories, as well as products for outdoor living and, in some markets, irrigation and landscape applications. Pool Corporation distributes these products through a network of sales centers and distribution facilities.

Founded in 1993, the company serves customers across North America, Europe and Australia.

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