GAMMA Investing LLC Trims Stock Position in Pool Corporation $POOL

GAMMA Investing LLC trimmed its stake in Pool Corporation (NASDAQ:POOL) by 13.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 709 shares of the specialty retailer’s stock after selling 107 shares during the period. GAMMA Investing LLC’s holdings in Pool were worth $207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Whipplewood Advisors LLC grew its holdings in shares of Pool by 471.4% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 66 shares during the period. City Holding Co. bought a new stake in shares of Pool during the first quarter valued at approximately $26,000. Sentry Investment Management LLC bought a new position in Pool in the first quarter worth $30,000. Versant Capital Management Inc lifted its position in Pool by 790.9% during the first quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 87 shares during the period. Finally, Brooklyn Investment Group boosted its holdings in shares of Pool by 53.1% during the 1st quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

POOL has been the subject of a number of recent research reports. Robert W. Baird lifted their price target on shares of Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Wall Street Zen raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Oppenheimer raised their price objective on Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Finally, Wells Fargo & Company lifted their price objective on Pool from $300.00 to $320.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Pool presently has a consensus rating of “Hold” and an average price target of $342.14.

Pool Price Performance

POOL opened at $305.86 on Monday. The company’s 50-day simple moving average is $316.61 and its two-hundred day simple moving average is $308.92. Pool Corporation has a 52-week low of $282.22 and a 52-week high of $395.60. The stock has a market capitalization 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 company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, beating analysts’ consensus estimates of $5.12 by $0.05. Pool had a net margin of 7.79% and a return on equity of 30.99%. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the firm earned $4.99 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, analysts predict that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, August 14th. Pool’s dividend payout ratio is 46.13%.

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.