Pool Co. (NASDAQ:POOL) Shares Sold by Barclays PLC

Barclays PLC reduced its holdings in shares of Pool Co. (NASDAQ:POOL - Free Report) by 20.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,520 shares of the specialty retailer's stock after selling 21,078 shares during the quarter. Barclays PLC owned approximately 0.21% of Pool worth $30,340,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its position in shares of Pool by 6.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 19,827 shares of the specialty retailer's stock worth $7,471,000 after purchasing an additional 1,119 shares in the last quarter. MML Investors Services LLC grew its stake in Pool by 3.8% during the 3rd quarter. MML Investors Services LLC now owns 6,342 shares of the specialty retailer's stock worth $2,390,000 after buying an additional 235 shares during the last quarter. Zacks Investment Management increased its position in Pool by 3.9% during the third quarter. Zacks Investment Management now owns 1,918 shares of the specialty retailer's stock worth $723,000 after buying an additional 72 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in Pool in the third quarter valued at approximately $40,750,000. Finally, National Bank of Canada FI boosted its holdings in shares of Pool by 46.6% in the third quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer's stock valued at $5,869,000 after acquiring an additional 4,954 shares during the period. Hedge funds and other institutional investors own 98.99% of the company's stock.

Analyst Ratings Changes

POOL has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of Pool from $335.00 to $340.00 and gave the company a "hold" rating in a research report on Monday, October 28th. StockNews.com raised shares of Pool from a "sell" rating to a "hold" rating in a report on Saturday, November 2nd. Wells Fargo & Company raised their price target on Pool from $330.00 to $370.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. Loop Capital upped their price objective on Pool from $345.00 to $395.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Finally, Robert W. Baird increased their price objective on Pool from $377.00 to $408.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $369.25.

Pool Price Performance

POOL stock traded down $6.59 during midday trading on Friday, hitting $362.95. 361,259 shares of the stock were exchanged, compared to its average volume of 346,313. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The stock's 50-day moving average price is $367.75 and its 200-day moving average price is $352.98. The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 2.27 and a beta of 1.01.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.50 earnings per share. Research analysts predict that Pool Co. will post 11.02 earnings per share for the current year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 1.32%. Pool's dividend payout ratio (DPR) is currently 41.31%.

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.