California Public Employees Retirement System Trims Stock Holdings in Pool Co. (NASDAQ:POOL)

California Public Employees Retirement System lessened its stake in Pool Co. (NASDAQ:POOL - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,423 shares of the specialty retailer's stock after selling 2,158 shares during the period. California Public Employees Retirement System owned about 0.18% of Pool worth $28,477,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Pool during the 4th quarter worth approximately $28,000. CVA Family Office LLC acquired a new position in Pool in the 4th quarter valued at $34,000. Lindbrook Capital LLC raised its stake in Pool by 73.7% in the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer's stock valued at $39,000 after purchasing an additional 42 shares during the last quarter. Huntington National Bank raised its stake in Pool by 96.7% in the 3rd quarter. Huntington National Bank now owns 118 shares of the specialty retailer's stock valued at $42,000 after purchasing an additional 58 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Pool by 48.2% in the 3rd quarter. Allworth Financial LP now owns 123 shares of the specialty retailer's stock valued at $44,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Oppenheimer upped their target price on Pool from $407.00 to $436.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. TheStreet cut Pool from a "b" rating to a "c+" rating in a report on Thursday, February 22nd. Loop Capital cut Pool from a "buy" rating to a "hold" rating and upped their target price for the company from $380.00 to $415.00 in a report on Monday, January 8th. Finally, Stifel Nicolaus reiterated a "hold" rating and set a $370.00 price target on shares of Pool in a report on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $397.80.

Insiders Place Their Bets

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the transaction, the general counsel now owns 8,622 shares of the company's stock, valued at $3,457,422. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.00% of the stock is currently owned by corporate insiders.

Pool Stock Up 0.3 %

POOL stock traded up $1.17 during mid-day trading on Friday, reaching $371.17. The company had a trading volume of 437,342 shares, compared to its average volume of 372,053. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.58 and a current ratio of 1.88. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00. The firm has a fifty day simple moving average of $392.78 and a 200 day simple moving average of $374.08. Pool Co. has a fifty-two week low of $307.77 and a fifty-two week high of $422.73.

Pool (NASDAQ:POOL - Get Free Report) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a return on equity of 35.49% and a net margin of 9.17%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business posted $2.46 EPS. Pool's revenue was down 7.1% on a year-over-year basis. Analysts forecast that Pool Co. will post 13.26 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, March 13th. Pool's dividend payout ratio (DPR) is presently 34.43%.

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.