Fisher Asset Management LLC Sells 22,375 Shares of Pool Co. (NASDAQ:POOL)

Fisher Asset Management LLC trimmed its holdings in Pool Co. (NASDAQ:POOL - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,429 shares of the specialty retailer's stock after selling 22,375 shares during the period. Fisher Asset Management LLC owned 0.43% of Pool worth $65,958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of POOL. Turtle Creek Wealth Advisors LLC bought a new stake in Pool in the fourth quarter valued at approximately $28,000. Stuart Chaussee & Associates Inc. boosted its position in Pool by 250.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 55 shares during the period. CVA Family Office LLC purchased a new stake in shares of Pool during the fourth quarter worth $34,000. Lindbrook Capital LLC boosted its stake in Pool by 73.7% in the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer's stock worth $39,000 after purchasing an additional 42 shares during the period. Finally, Huntington National Bank grew its position in shares of Pool by 96.7% during 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 in the last quarter. Institutional investors own 98.99% of the company's stock.

Pool Trading Up 1.3 %

POOL traded up $4.54 during mid-day trading on Friday, hitting $364.65. 430,034 shares of the stock were exchanged, compared to its average volume of 402,506. The firm's fifty day moving average is $390.55 and its two-hundred day moving average is $374.43. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. Pool Co. has a 1-year low of $307.77 and a 1-year high of $422.73. The company has a market cap of $13.98 billion, a PE ratio of 28.53, a PEG ratio of 3.76 and a beta of 1.01.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts' consensus estimates of $1.87 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The firm's revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.46 earnings per share. Equities analysts forecast that Pool Co. will post 13.02 earnings per share for the current fiscal year.

Pool Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a dividend of $1.20 per share. This is an increase from Pool's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $4.80 annualized dividend and a yield of 1.32%. Pool's dividend payout ratio (DPR) is presently 34.43%.

Analyst Ratings Changes

POOL has been the topic of several research analyst reports. Stifel Nicolaus reduced their target price on Pool from $370.00 to $360.00 and set a "hold" rating on the stock in a research note on Monday, April 29th. TheStreet lowered shares of Pool from a "b" rating to a "c+" rating in a report on Thursday, February 22nd. Loop Capital cut shares of Pool from a "buy" rating to a "hold" rating and boosted their price target for the stock from $380.00 to $415.00 in a research report on Monday, January 8th. Finally, Oppenheimer dropped their price target on Pool from $436.00 to $416.00 and set an "outperform" rating on the stock in a research report on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $391.80.

Insider Activity

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool stock in a transaction on Friday, March 1st. The stock was sold at an average price of $401.00, for a total value of $441,100.00. Following the transaction, the general counsel now owns 8,622 shares in the company, valued at $3,457,422. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.00% of the company's stock.

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.