K.J. Harrison & Partners Inc Lowers Position in Pool Co. (NASDAQ:POOL)

K.J. Harrison & Partners Inc lessened its stake in Pool Co. (NASDAQ:POOL) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,600 shares of the specialty retailer’s stock after selling 500 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Pool were worth $1,864,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of POOL. Sierra Ocean LLC bought a new position in Pool during the 4th quarter valued at $30,000. Brooklyn Investment Group purchased a new stake in shares of Pool in the third quarter valued at about $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Pool during the third quarter valued at about $60,000. YANKCOM Partnership purchased a new position in Pool during the fourth quarter worth about $61,000. Finally, Hilltop National Bank boosted its holdings in Pool by 18.1% during the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Insider Buying and Selling at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction that occurred on Monday, February 24th. The shares were 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 directly owns 62,577 shares in the company, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.

Pool Stock Down 0.3 %

Pool stock opened at $347.74 on Thursday. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $13.23 billion, a P/E ratio of 30.83, a P/E/G ratio of 2.03 and a beta of 1.03. The firm has a 50 day moving average price of $343.00 and a 200-day moving average price of $355.57. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The business had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. As a group, equities analysts predict that Pool Co. will post 11.32 EPS for the current year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.38%. Pool’s dividend payout ratio is currently 42.55%.

Analyst Ratings Changes

POOL has been the topic of several recent analyst reports. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Wells Fargo & Company decreased their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Pool has a consensus rating of “Hold” and an average price target of $368.00.

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.