Edmond DE Rothschild Holding S.A. Trims Stock Position in Pool Co. (NASDAQ:POOL)

Edmond DE Rothschild Holding S.A. lessened its holdings in Pool Co. (NASDAQ:POOL) by 31.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 141 shares of the specialty retailer’s stock after selling 65 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Pool were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wedmont Private Capital boosted its stake in shares of Pool by 5.4% in the first quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer’s stock valued at $236,000 after purchasing an additional 30 shares during the period. Czech National Bank boosted its position in Pool by 0.4% in the 1st quarter. Czech National Bank now owns 6,805 shares of the specialty retailer’s stock valued at $2,746,000 after buying an additional 30 shares during the period. Great Lakes Advisors LLC grew its stake in shares of Pool by 1.2% in the fourth quarter. Great Lakes Advisors LLC now owns 2,724 shares of the specialty retailer’s stock worth $1,086,000 after acquiring an additional 31 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Pool by 39.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 36 shares during the period. Finally, Hutchens & Kramer Investment Management Group LLC raised its stake in shares of Pool by 6.1% in the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 640 shares of the specialty retailer’s stock valued at $257,000 after acquiring an additional 37 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Stephens cut their price target on Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. Wells Fargo & Company lowered their price target on shares of Pool from $360.00 to $290.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. Bank of America reduced their price objective on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a report on Tuesday, June 25th. Loop Capital lowered their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday, June 25th. Finally, Robert W. Baird cut their price target on Pool from $380.00 to $305.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $328.00.

Pool Stock Performance

POOL traded down $0.47 on Wednesday, reaching $336.43. The company had a trading volume of 425,564 shares, compared to its average volume of 365,820. The stock has a 50-day moving average price of $340.81 and a 200-day moving average price of $370.53. The stock has a market capitalization of $12.90 billion, a PE ratio of 26.32, a P/E/G ratio of 2.41 and a beta of 1.00. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period last year, the company earned $2.46 earnings per share. As a group, research analysts forecast that Pool Co. will post 10.94 EPS for the current fiscal year.

Pool Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a $1.20 dividend. This is an increase from Pool’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, May 15th. This represents a $4.80 annualized dividend and a yield of 1.43%. Pool’s dividend payout ratio is 37.56%.

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.