Gilder Gagnon Howe & Co. LLC Sells 3,119 Shares of Pool Co. (NASDAQ:POOL)

Gilder Gagnon Howe & Co. LLC reduced its stake in shares of Pool Co. (NASDAQ:POOL - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 285,757 shares of the specialty retailer's stock after selling 3,119 shares during the quarter. Pool accounts for approximately 1.1% of Gilder Gagnon Howe & Co. LLC's holdings, making the stock its 26th biggest position. Gilder Gagnon Howe & Co. LLC owned 0.75% of Pool worth $97,426,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in Pool during the third quarter worth about $60,000. Tidal Investments LLC increased its position in shares of Pool by 57.8% during the third quarter. Tidal Investments LLC now owns 6,661 shares of the specialty retailer's stock valued at $2,510,000 after purchasing an additional 2,441 shares during the period. Peapack Gladstone Financial Corp bought a new stake in shares of Pool during the third quarter valued at approximately $217,000. Oddo BHF Asset Management Sas acquired a new position in shares of Pool in the third quarter valued at $765,000. Finally, Lord Abbett & CO. LLC lifted its position in Pool by 44.3% in the third quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer's stock worth $81,981,000 after purchasing an additional 66,791 shares during the period. 98.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

POOL has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Pool in a research report on Tuesday, April 1st. They issued a "hold" rating and a $344.00 price target for the company. Stephens lowered their price objective on shares of Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Monday. Wells Fargo & Company set a $300.00 price target on Pool in a research note on Friday. Stifel Nicolaus set a $300.00 target price on shares of Pool in a research report on Friday. Finally, Robert W. Baird decreased their price objective on Pool from $325.00 to $310.00 and set a "neutral" rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Pool has an average rating of "Hold" and an average target price of $336.22.

Insider Transactions at Pool

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

Pool Stock Up 0.9 %

Shares of POOL traded up $2.57 during midday trading on Tuesday, hitting $293.90. The stock had a trading volume of 501,198 shares, compared to its average volume of 383,505. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. Pool Co. has a twelve month low of $284.28 and a twelve month high of $395.60. The company has a 50 day simple moving average of $321.54 and a two-hundred day simple moving average of $343.56. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77.

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

Pool Dividend Announcement

The firm 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 of this dividend was Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.63%. Pool's dividend payout ratio (DPR) is presently 45.03%.

Pool 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.