Pool Co. (NASDAQ:POOL) Holdings Boosted by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC raised its holdings in shares of Pool Co. (NASDAQ:POOL - Free Report) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,803 shares of the specialty retailer's stock after acquiring an additional 2,231 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.58% of Pool worth $74,940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in POOL. Raymond James Financial Inc. purchased a new position in Pool during the 4th quarter valued at about $116,833,000. JPMorgan Chase & Co. grew its holdings in shares of Pool by 22.7% during the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer's stock worth $474,886,000 after buying an additional 232,914 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Pool by 27.5% during the fourth quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer's stock worth $355,435,000 after buying an additional 224,674 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Pool by 25.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 636,007 shares of the specialty retailer's stock worth $216,840,000 after buying an additional 129,780 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Pool during the fourth quarter worth about $36,203,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Stock Down 0.3 %

Shares of NASDAQ POOL traded down $0.98 during trading on Wednesday, reaching $292.92. 179,362 shares of the stock were exchanged, compared to its average volume of 382,721. The business's 50-day moving average price is $321.54 and its 200 day moving average price is $343.56. Pool Co. has a twelve month low of $284.28 and a twelve month high of $395.60. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13.

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

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were paid a $1.20 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.64%. Pool's dividend payout ratio (DPR) is presently 45.03%.

Insider Buying and Selling

In other news, SVP Jennifer M. Neil sold 1,223 shares of Pool stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $315.00, for a total value of $385,245.00. Following the completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the sale, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on POOL shares. Wells Fargo & Company set a $300.00 price target on shares of Pool in a report on Friday, April 25th. Robert W. Baird decreased their target price on shares of Pool from $325.00 to $310.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Oppenheimer decreased their target price on shares of Pool from $370.00 to $322.00 and set an "outperform" rating on the stock in a research report on Monday. StockNews.com cut shares of Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Finally, Stifel Nicolaus set a $300.00 price target on shares of Pool in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Pool has a consensus rating of "Hold" and an average target price 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.