Park Avenue Securities LLC Has $1.18 Million Stock Position in Pool Co. (NASDAQ:POOL)

Park Avenue Securities LLC raised its position in shares of Pool Co. (NASDAQ:POOL) by 7.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,919 shares of the specialty retailer’s stock after purchasing an additional 206 shares during the period. Park Avenue Securities LLC’s holdings in Pool were worth $1,178,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new position in Pool during the fourth quarter valued at approximately $28,000. Stuart Chaussee & Associates Inc. increased its holdings in shares of Pool by 250.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock worth $31,000 after buying an additional 55 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Pool during the fourth quarter worth $34,000. Lindbrook Capital LLC increased its holdings in shares of Pool by 73.7% during the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after buying an additional 42 shares in the last quarter. Finally, VisionPoint Advisory Group LLC increased its holdings in shares of Pool by 11,800.0% during the fourth quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock worth $47,000 after buying an additional 118 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Stock Performance

Shares of Pool stock opened at $337.91 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. Pool Co. has a twelve month low of $308.45 and a twelve month high of $422.73. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 3.52 and a beta of 1.02. The company’s fifty day moving average is $359.78 and its 200 day moving average is $379.38.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.46 EPS. Sell-side analysts forecast that Pool Co. will post 13.02 EPS for the current year.

Pool Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.42%. This is a boost from Pool’s previous quarterly dividend of $1.10. Pool’s dividend payout ratio is 37.56%.

Analyst Upgrades and Downgrades

POOL has been the subject of several research analyst reports. Loop Capital lowered their price target on shares of Pool from $415.00 to $370.00 and set a “hold” rating for the company in a report on Tuesday, June 18th. Oppenheimer lowered their price target on shares of Pool from $436.00 to $416.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Finally, Stifel Nicolaus lowered their price target on shares of Pool from $370.00 to $360.00 and set a “hold” rating for the company in a report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $382.80.

Pool Company 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.