Park Place Capital Corp Increases Stock Position in Pool Co. (NASDAQ:POOL)

Park Place Capital Corp grew its stake in Pool Co. (NASDAQ:POOL) by 173.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 824 shares of the specialty retailer’s stock after buying an additional 523 shares during the period. Park Place Capital Corp’s holdings in Pool were worth $332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in POOL. Turtle Creek Wealth Advisors LLC purchased a new position in Pool during the fourth quarter valued at $28,000. Stuart Chaussee & Associates Inc. grew its position in Pool by 250.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 55 shares during the last quarter. CVA Family Office LLC bought a new stake in Pool during the 4th quarter valued at about $34,000. Lindbrook Capital LLC raised its holdings in Pool by 73.7% in 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 during the last quarter. Finally, VisionPoint Advisory Group LLC lifted its stake in shares of Pool by 11,800.0% in 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. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on POOL shares. Stifel Nicolaus reduced their target price on Pool from $370.00 to $360.00 and set a “hold” rating for the company in a report on Monday, April 29th. Wells Fargo & Company cut their target price on shares of Pool from $360.00 to $290.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 25th. Stephens dropped their target price on Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 25th. Robert W. Baird reduced their price target on shares of Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a research report on Tuesday, June 25th. Finally, Loop Capital lowered their price objective on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $328.00.

Pool Stock Up 0.1 %

POOL stock opened at $307.69 on Tuesday. Pool Co. has a one year low of $299.24 and a one year high of $422.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88. The firm’s fifty day moving average is $354.21 and its 200 day moving average is $377.43. The firm has a market cap of $11.79 billion, a PE ratio of 24.08, a P/E/G ratio of 2.26 and a beta of 1.00.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). Pool had a net margin of 9.17% and a return on equity of 35.49%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the firm earned $2.46 earnings per share. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, research analysts forecast that Pool Co. will post 10.94 EPS for the current year.

Pool Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a $1.20 dividend. This is a positive change from Pool’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.56%. Pool’s dividend payout ratio (DPR) is 37.56%.

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.