Park Place Capital Corp Sells 130 Shares of Pool Corporation $POOL

Park Place Capital Corp lowered its stake in Pool Corporation (NASDAQ:POOL) by 56.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102 shares of the specialty retailer’s stock after selling 130 shares during the period. Park Place Capital Corp’s holdings in Pool were worth $31,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Pool by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer’s stock valued at $1,418,646,000 after acquiring an additional 12,795 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted 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 valued at $716,422,000 after acquiring an additional 50,566 shares in the last quarter. JPMorgan Chase & Co. boosted 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 valued at $409,054,000 after acquiring an additional 44,897 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Pool by 1.1% in the first quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer’s stock valued at $335,562,000 after acquiring an additional 11,552 shares in the last quarter. Finally, Mawer Investment Management Ltd. bought a new stake in shares of Pool during the 1st quarter valued at $168,735,000. Institutional investors own 98.99% of the company’s stock.

Pool Price Performance

POOL opened at $309.18 on Thursday. The stock has a 50-day moving average price of $316.60 and a 200-day moving average price of $308.82. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87. The firm has a market cap of $11.54 billion, a PE ratio of 28.52, a P/E/G ratio of 4.30 and a beta of 1.11. Pool Corporation has a 1 year low of $282.22 and a 1 year high of $395.60.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.05. Pool had a return on equity of 30.99% and a net margin of 7.79%.The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the firm earned $4.99 EPS. Pool’s quarterly revenue was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Sell-side analysts predict 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. Shareholders 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 payout ratio is 46.13%.

Wall Street Analysts Forecast Growth

POOL has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, July 25th. KeyCorp initiated coverage on shares of Pool in a report on Tuesday. They set a “sector weight” rating on the stock. Oppenheimer boosted their target price on shares of Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. Wells Fargo & Company boosted their target price on shares of Pool from $300.00 to $320.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Finally, Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $342.14.

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.