Pool Co. (NASDAQ:POOL) Shares Sold by Park Place Capital Corp

Park Place Capital Corp lessened its stake in shares of Pool Co. (NASDAQ:POOL) by 19.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,090 shares of the specialty retailer’s stock after selling 268 shares during the quarter. Park Place Capital Corp’s holdings in Pool were worth $372,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Berkshire Hathaway Inc purchased a new position in shares of Pool during the 3rd quarter worth approximately $152,249,000. JPMorgan Chase & Co. raised its position in Pool by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after purchasing an additional 232,914 shares during the period. International Assets Investment Management LLC lifted its stake in Pool by 37,863.6% during the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after purchasing an additional 137,445 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Pool during the third quarter worth $40,750,000. Finally, Lord Abbett & CO. LLC grew its stake in shares of Pool by 44.3% in the third quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock valued at $81,981,000 after buying an additional 66,791 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on POOL. Robert W. Baird increased their target price on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Oppenheimer increased their price target on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company lifted their price objective on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Loop Capital increased their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus boosted their price target on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $369.25.

Pool Price Performance

Shares of POOL opened at $359.93 on Thursday. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 2.01 and a beta of 1.03. The firm’s fifty day simple moving average is $355.72 and its 200-day simple moving average is $355.03. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. Pool’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $3.50 earnings per share. Equities analysts forecast that Pool Co. will post 11.03 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s payout ratio is 41.31%.

Pool 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.