Park Place Capital Corp Acquires 524 Shares of Pool Co. (NASDAQ:POOL)

Park Place Capital Corp boosted its position in Pool Co. (NASDAQ:POOL) by 63.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,348 shares of the specialty retailer’s stock after buying an additional 524 shares during the period. Park Place Capital Corp’s holdings in Pool were worth $414,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of POOL. Fifth Third Bancorp boosted its holdings in Pool by 22.7% during the fourth quarter. Fifth Third Bancorp now owns 1,434 shares of the specialty retailer’s stock worth $572,000 after purchasing an additional 265 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of Pool during the 4th quarter valued at $285,000. Arizona State Retirement System raised its stake in shares of Pool by 0.8% during the 4th quarter. Arizona State Retirement System now owns 10,733 shares of the specialty retailer’s stock worth $4,279,000 after purchasing an additional 81 shares during the period. Asset Management One Co. Ltd. grew its position in Pool by 15.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 41,092 shares of the specialty retailer’s stock valued at $16,529,000 after buying an additional 5,538 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in Pool by 30,047.2% during the fourth quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock worth $73,322,000 after buying an additional 183,288 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on POOL. Bank of America reduced their target price on shares of Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. Oppenheimer boosted their target price on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Stifel Nicolaus lowered their price objective on shares of Pool from $360.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. Loop Capital reduced 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. Finally, Stephens cut their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating for the company 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 three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $347.22.

Pool Trading Down 0.3 %

POOL stock traded down $1.09 during trading on Monday, reaching $352.30. The company had a trading volume of 213,586 shares, compared to its average volume of 375,933. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The business has a 50 day moving average of $336.23 and a 200 day moving average of $367.87. The company has a market cap of $13.48 billion, a P/E ratio of 27.72, a PEG ratio of 2.69 and a beta of 1.00.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the firm earned $5.89 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that Pool Co. will post 10.95 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 15th. Pool’s payout ratio is 37.56%.

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.