Park Place Capital Corp Has $332,000 Holdings in Pool Co. (NASDAQ:POOL)

Park Place Capital Corp increased its position in Pool Co. (NASDAQ:POOL) by 173.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 824 shares of the specialty retailer’s stock after buying an additional 523 shares during the quarter. Park Place Capital Corp’s holdings in Pool were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Nordea Investment Management AB raised its position in Pool by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 49,129 shares of the specialty retailer’s stock worth $19,720,000 after acquiring an additional 4,877 shares during the period. James Hambro & Partners lifted its position in Pool by 21.4% during the 4th quarter. James Hambro & Partners now owns 189,479 shares of the specialty retailer’s stock valued at $75,573,000 after acquiring an additional 33,402 shares during the period. International Assets Investment Management LLC grew its position in Pool by 30,047.2% during the 4th quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock valued at $73,322,000 after purchasing an additional 183,288 shares during the last quarter. BNP Paribas Financial Markets raised its position in Pool by 9.4% in the 4th quarter. BNP Paribas Financial Markets now owns 44,628 shares of the specialty retailer’s stock worth $17,794,000 after buying an additional 3,853 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its stake in shares of Pool by 22.2% in the 4th quarter. TimesSquare Capital Management LLC now owns 153,314 shares of the specialty retailer’s stock worth $61,128,000 after purchasing an additional 27,890 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Up 0.1 %

Shares of NASDAQ:POOL opened at $307.69 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. Pool Co. has a 12-month low of $299.24 and a 12-month high of $422.73. The company has a fifty day simple moving average of $354.21 and a 200 day simple moving average of $377.43. The firm has a market cap of $11.79 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00.

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

Pool Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.56%. This is an increase from Pool’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, May 15th. Pool’s dividend payout ratio is presently 37.56%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on POOL. Oppenheimer dropped their price target on Pool from $416.00 to $356.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Stifel Nicolaus reduced their price objective on Pool from $370.00 to $360.00 and set a “hold” rating for the company in a research note on Monday, April 29th. Robert W. Baird cut their price target on Pool from $380.00 to $305.00 and set a “neutral” rating for the company in a research note on Tuesday, June 25th. Loop Capital decreased their price target on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research note on Tuesday, June 25th. Finally, Bank of America cut their price objective on Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Pool has an average rating of “Hold” and a consensus target price of $328.00.

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.