Townsquare Capital LLC Sells 2,190 Shares of Pool Co. (NASDAQ:POOL)

Townsquare Capital LLC decreased its stake in shares of Pool Co. (NASDAQ:POOL - Free Report) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,603 shares of the specialty retailer's stock after selling 2,190 shares during the quarter. Townsquare Capital LLC owned about 0.08% of Pool worth $9,752,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Pool by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 4,443,451 shares of the specialty retailer's stock valued at $1,514,950,000 after acquiring an additional 21,870 shares in the last quarter. JPMorgan Chase & Co. lifted 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 valued at $474,886,000 after purchasing an additional 232,914 shares in the last quarter. Wellington Management Group LLP boosted its position 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 valued at $355,435,000 after buying an additional 224,674 shares during the last quarter. Geode Capital Management LLC increased its holdings in Pool by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 977,862 shares of the specialty retailer's stock worth $332,566,000 after buying an additional 13,519 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Pool by 6.2% during the 4th quarter. Invesco Ltd. now owns 763,817 shares of the specialty retailer's stock valued at $260,416,000 after acquiring an additional 44,884 shares during the period. 98.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

POOL has been the subject of several research reports. StockNews.com cut shares of Pool from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Wells Fargo & Company decreased their target price on shares of Pool from $360.00 to $315.00 and set an "equal weight" rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft began coverage on Pool in a research note on Tuesday, April 1st. They issued a "hold" rating and a $344.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $360.33.

Pool Price Performance

NASDAQ POOL traded up $4.90 during trading hours on Friday, reaching $306.25. The company's stock had a trading volume of 508,436 shares, compared to its average volume of 378,916. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 2.03 and a beta of 1.13. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. Pool Co. has a 1 year low of $284.28 and a 1 year high of $395.60. The firm's 50-day moving average price is $328.44 and its 200-day moving average price is $347.54.

Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. Pool had a net margin of 8.18% and a return on equity of 31.11%. The business had revenue of $987.48 million for the quarter, compared to analysts' expectations of $961.04 million. On average, equities research analysts predict that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool's dividend payout ratio (DPR) is presently 42.55%.

Insider Activity at Pool

In other news, SVP Jennifer M. Neil sold 1,223 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the sale, the senior vice president now directly owns 9,667 shares in the company, valued at approximately $3,045,105. This represents a 11.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the transaction, the director now owns 62,577 shares of the company's stock, valued at approximately $21,651,642. This represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

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.