EverSource Wealth Advisors LLC Decreases Stock Holdings in Pool Co. (NASDAQ:POOL)

EverSource Wealth Advisors LLC lessened its holdings in Pool Co. (NASDAQ:POOL) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,397 shares of the specialty retailer’s stock after selling 93 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Pool were worth $557,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in POOL. New York Life Investment Management LLC lifted its holdings in shares of Pool by 0.5% in the 3rd quarter. New York Life Investment Management LLC now owns 5,687 shares of the specialty retailer’s stock valued at $2,025,000 after purchasing an additional 30 shares during the last quarter. Great Lakes Advisors LLC grew its position in shares of Pool by 1.2% during 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 during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Pool by 39.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 36 shares during the period. Private Advisor Group LLC boosted its stake in Pool by 4.5% during the 3rd quarter. Private Advisor Group LLC now owns 882 shares of the specialty retailer’s stock worth $314,000 after purchasing an additional 38 shares during the period. Finally, Avior Wealth Management LLC grew its position in Pool by 4.6% during the 4th quarter. Avior Wealth Management LLC now owns 889 shares of the specialty retailer’s stock worth $354,000 after purchasing an additional 39 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the transaction, the general counsel now directly owns 8,622 shares in the company, valued at approximately $3,457,422. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

POOL has been the subject of a number of research reports. TheStreet cut shares of Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Oppenheimer cut their price target on Pool from $436.00 to $416.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Finally, Stifel Nicolaus lowered their price objective on shares of Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $391.80.

Pool Stock Down 2.3 %

POOL stock traded down $8.61 during midday trading on Thursday, hitting $358.99. 54,124 shares of the company’s stock were exchanged, compared to its average volume of 324,409. The stock has a market capitalization of $13.76 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 3.87 and a beta of 1.01. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average price of $382.58 and a 200-day moving average price of $378.95. Pool Co. has a 12-month low of $307.77 and a 12-month high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02). The company 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 company’s revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.46 earnings per share. On average, analysts anticipate that Pool Co. will post 13.02 EPS for the current year.

Pool Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from Pool’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, May 15th. Pool’s dividend payout ratio is 37.56%.

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.