Park Avenue Securities LLC Invests $848,000 in Pool Corporation $POOL

Key Points

• Park Avenue Securities LLC invested $848,000 in Pool Corporation, acquiring 2,908 shares during the 2nd quarter.
• The company reported $5.17 EPS for the last quarter, slightly exceeding estimates, while revenue of $1.78 billion was shy of analyst expectations.
• Pool Corporation also announced a $1.25 quarterly dividend, reflecting an annualized yield of 1.6% and a payout ratio of 46.13%.

Park Avenue Securities LLC acquired a new position in Pool Corporation (NASDAQ:POOL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,908 shares of the specialty retailer's stock, valued at approximately $848,000.

Several other institutional investors have also made changes to their positions in POOL. Mawer Investment Management Ltd. purchased a new position in shares of Pool in the first quarter worth approximately $168,735,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Pool in the first quarter worth approximately $144,901,000. GAMMA Investing LLC increased its position in shares of 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 acquiring an additional 259,002 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of 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 acquiring an additional 50,566 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of 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 acquiring an additional 44,897 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Performance

POOL stock opened at $305.86 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52. The stock has a market cap of $11.41 billion, a P/E ratio of 28.22, a P/E/G ratio of 4.24 and a beta of 1.08. The firm has a 50 day simple moving average of $316.61 and a 200 day simple moving average of $309.01. Pool Corporation has a 52 week low of $282.22 and a 52 week high of $395.60.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, topping the consensus estimate of $5.12 by $0.05. The business had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. The firm's quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the company posted $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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a $1.25 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

Several research firms have recently weighed in on POOL. Robert W. Baird lifted their target price on shares of Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Wells Fargo & Company lifted their target price on shares of Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Wall Street Zen raised shares of Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Oppenheimer raised their price target 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 investment analysts have rated the stock with a Buy rating and five have assigned 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.

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