Skandinaviska Enskilda Banken AB publ Sells 1,200 Shares of Pool Corporation (NASDAQ:POOL)

Skandinaviska Enskilda Banken AB publ trimmed its holdings in Pool Corporation (NASDAQ:POOL - Free Report) by 12.4% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 8,494 shares of the specialty retailer's stock after selling 1,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Pool were worth $2,703,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of POOL. Massachusetts Financial Services Co. MA bought a new stake in Pool in the 1st quarter worth about $144,901,000. GAMMA Investing LLC grew its stake in shares of Pool by 33,549.5% during the 1st quarter. GAMMA Investing LLC now owns 259,774 shares of the specialty retailer's stock valued at $82,699,000 after purchasing an additional 259,002 shares during the period. Wellington Management Group LLP grew its stake in shares of Pool by 27.5% during the 4th quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer's stock valued at $355,435,000 after purchasing an additional 224,674 shares during the period. Berkshire Hathaway Inc grew its stake in shares of Pool by 48.2% during the 4th quarter. Berkshire Hathaway Inc now owns 598,689 shares of the specialty retailer's stock valued at $204,117,000 after purchasing an additional 194,632 shares during the period. Finally, Norges Bank bought a new stake in shares of Pool during the 4th quarter valued at about $36,203,000. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Down 1.1%

POOL stock opened at $321.48 on Tuesday. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. The stock has a market cap of $12.09 billion, a P/E ratio of 29.66, a PEG ratio of 4.53 and a beta of 1.10. The business's 50-day moving average price is $301.26 and its 200-day moving average price is $317.74.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, beating analysts' consensus estimates of $5.12 by $0.05. Pool had a return on equity of 30.99% and a net margin of 7.79%. The firm had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.79 billion. During the same period in the previous year, the firm earned $4.99 EPS. The business's quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that Pool Corporation will post 11.32 EPS for the current year.

Pool declared that its board has approved a share buyback program on Wednesday, April 30th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Pool Increases Dividend

The business also recently disclosed 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Thursday, May 15th. Pool's payout ratio is presently 46.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on POOL shares. Wall Street Zen upgraded Pool from a "sell" rating to a "hold" rating in a research note on Saturday. Robert W. Baird boosted their price target on Pool from $310.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday. Wells Fargo & Company boosted their price target on Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Oppenheimer cut their price target on Pool from $370.00 to $322.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Pool in a research note on Tuesday, April 1st. They set a "hold" rating and a $344.00 price target for the company. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $338.71.

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.

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