Litman Gregory Wealth Management LLC Cuts Holdings in Pool Co. (NASDAQ:POOL)

Litman Gregory Wealth Management LLC decreased its position in Pool Co. (NASDAQ:POOL) by 1.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,488 shares of the specialty retailer’s stock after selling 151 shares during the period. Litman Gregory Wealth Management LLC’s holdings in Pool were worth $3,575,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC increased its holdings in Pool by 0.8% in the second quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock valued at $1,089,000 after buying an additional 28 shares in the last quarter. Heritage Family Offices LLP increased its stake in shares of Pool by 2.2% during the third quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock worth $482,000 after purchasing an additional 28 shares in the last quarter. CWM LLC increased its stake in shares of Pool by 3.7% during the third quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock worth $293,000 after purchasing an additional 28 shares in the last quarter. TIAA Trust National Association increased its stake in shares of Pool by 4.2% during the first quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock worth $301,000 after purchasing an additional 30 shares in the last quarter. Finally, Aurora Investment Counsel increased its stake in shares of Pool by 0.6% during the second quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock worth $1,542,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Trading Up 0.2 %

NASDAQ:POOL traded up $0.83 on Wednesday, hitting $351.61. The stock had a trading volume of 25,246 shares, compared to its average volume of 345,971. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The stock has a market cap of $13.45 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 2.72 and a beta of 1.01. The company has a fifty day moving average price of $358.57 and a two-hundred day moving average price of $353.46. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.09. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. Pool’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $5.89 EPS. Equities research analysts expect that Pool Co. will post 10.98 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.37%. Pool’s payout ratio is 40.47%.

Analysts Set New Price Targets

A number of research firms have recently commented on POOL. Stifel Nicolaus boosted their target price on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Oppenheimer upped their price objective on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Robert W. Baird upped their price objective on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Stephens dropped their price objective on shares of Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. Finally, The Goldman Sachs Group upped their price objective on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $357.89.

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.