California State Teachers Retirement System Has $24.34 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

California State Teachers Retirement System decreased its position in Pool Co. (NASDAQ:POOL) by 1.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,332 shares of the specialty retailer’s stock after selling 938 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Pool worth $24,344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp lifted its position in Pool by 22.7% during the 4th quarter. Fifth Third Bancorp now owns 1,434 shares of the specialty retailer’s stock worth $572,000 after buying an additional 265 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Pool during the 4th quarter worth approximately $285,000. Arizona State Retirement System boosted its position in shares of Pool by 0.8% during the 4th quarter. Arizona State Retirement System now owns 10,733 shares of the specialty retailer’s stock worth $4,279,000 after acquiring an additional 81 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Pool by 15.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 41,092 shares of the specialty retailer’s stock valued at $16,529,000 after purchasing an additional 5,538 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Pool by 30,047.2% in the 4th quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock valued at $73,322,000 after purchasing an additional 183,288 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on POOL shares. Oppenheimer lifted their target price on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group boosted their price target on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Robert W. Baird boosted their price objective on shares of Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Stephens cut their price target 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, Bank of America cut their price target on shares of Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $347.22.

Pool Trading Up 0.3 %

NASDAQ:POOL traded up $1.24 during midday trading on Thursday, reaching $375.28. 8,478 shares of the stock traded hands, compared to its average volume of 372,483. The company has a fifty day moving average of $336.40 and a 200 day moving average of $368.24. The stock has a market capitalization of $14.38 billion, a P/E ratio of 29.27, a PEG ratio of 2.74 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.09. Pool had a net margin of 8.58% and a return on equity of 32.85%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm posted $5.89 EPS. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, research analysts predict that Pool Co. will post 10.95 EPS for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, August 15th. Pool’s dividend payout ratio (DPR) is presently 37.56%.

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.