HL Financial Services LLC reduced its stake in Pool Corporation (NASDAQ:POOL) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,917 shares of the specialty retailer’s stock after selling 15 shares during the period. HL Financial Services LLC’s holdings in Pool Corporation were worth $1,166,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its position in Pool Corporation by 12,429.3% in the first quarter. BlackRock Inc. now owns 3,260,758 shares of the specialty retailer’s stock worth $389,106,000 after buying an additional 3,234,733 shares during the last quarter. Vanguard Group Inc. boosted its position in Pool Corporation by 4.2% in the first quarter. Vanguard Group Inc. now owns 3,172,624 shares of the specialty retailer’s stock worth $378,589,000 after buying an additional 126,641 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Pool Corporation by 8.1% in the first quarter. JPMorgan Chase & Co. now owns 1,991,051 shares of the specialty retailer’s stock worth $237,591,000 after buying an additional 149,808 shares during the last quarter. State Street Corp boosted its position in Pool Corporation by 1.4% in the first quarter. State Street Corp now owns 1,099,499 shares of the specialty retailer’s stock worth $131,204,000 after buying an additional 14,962 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its position in Pool Corporation by 30.8% in the first quarter. Eagle Asset Management Inc. now owns 1,014,091 shares of the specialty retailer’s stock worth $121,011,000 after buying an additional 239,013 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Pool Corporation (NASDAQ POOL) opened at 105.88 on Friday. Pool Corporation has a 52-week low of $88.65 and a 52-week high of $124.26. The stock has a market cap of $4.36 billion, a PE ratio of 27.52 and a beta of 0.91. The firm has a 50 day moving average of $113.93 and a 200-day moving average of $116.43.

Pool Corporation (NASDAQ:POOL) last released its earnings results on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by $0.03. The firm had revenue of $988.16 million during the quarter. Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.98 EPS. Equities analysts anticipate that Pool Corporation will post $4.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. Pool Corporation’s dividend payout ratio (DPR) is presently 38.74%.

Pool Corporation announced that its board has initiated a stock buyback program on Wednesday, May 3rd that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the specialty retailer to buy up to 3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

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A number of equities analysts have issued reports on POOL shares. Zacks Investment Research cut shares of Pool Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub cut shares of Pool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, Johnson Rice upgraded shares of Pool Corporation from an “accumulate” rating to a “buy” rating in a research report on Monday, July 24th. Five investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $125.67.

Pool Corporation Company Profile

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

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Institutional Ownership by Quarter for Pool Corporation (NASDAQ:POOL)

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