Investment Advisory Services Inc. TX ADV Has $975,000 Stock Holdings in Pool Corporation $POOL

Investment Advisory Services Inc. TX ADV cut its position in Pool Corporation (NASDAQ:POOL) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,345 shares of the specialty retailer’s stock after selling 200 shares during the period. Investment Advisory Services Inc. TX ADV’s holdings in Pool were worth $975,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of POOL. Mawer Investment Management Ltd. acquired a new stake in Pool in the first quarter worth $168,735,000. Massachusetts Financial Services Co. MA acquired a new stake in Pool in the first quarter worth $144,901,000. GAMMA Investing LLC raised its holdings in Pool by 33,549.5% in the first quarter. GAMMA Investing LLC now owns 259,774 shares of the specialty retailer’s stock worth $82,699,000 after purchasing an additional 259,002 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Pool by 2.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer’s stock worth $716,422,000 after purchasing an additional 50,566 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Pool by 3.6% in the first quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer’s stock worth $409,054,000 after purchasing an additional 44,897 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on POOL shares. Robert W. Baird raised their price objective on shares of Pool from $310.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Wells Fargo & Company raised their price objective on shares of Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Finally, Oppenheimer raised their price objective on shares of Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a report on Tuesday, July 29th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $342.14.

Pool Stock Up 0.3%

Pool stock opened at $305.86 on Monday. The company has a market cap of $11.41 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 4.24 and a beta of 1.08. Pool Corporation has a 1-year low of $282.22 and a 1-year high of $395.60. The company has a fifty day simple moving average of $316.61 and a 200 day simple moving average of $308.92. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, beating analysts’ consensus estimates of $5.12 by $0.05. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.99 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Research analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a $1.25 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. Pool’s dividend payout ratio (DPR) is 46.13%.

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.