State of Alaska Department of Revenue Cuts Stock Holdings in Pool Corporation $POOL

State of Alaska Department of Revenue lowered its stake in shares of Pool Corporation (NASDAQ:POOL) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,227 shares of the specialty retailer’s stock after selling 230 shares during the quarter. State of Alaska Department of Revenue’s holdings in Pool were worth $1,232,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. City Holding Co. purchased a new stake in shares of Pool in the first quarter valued at about $26,000. Versant Capital Management Inc grew its position in Pool by 790.9% in the 1st quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in Pool in the 1st quarter valued at about $30,000. Brooklyn Investment Group lifted its position in shares of Pool by 53.1% during the 1st quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock worth $47,000 after buying an additional 51 shares in the last quarter. Finally, WPG Advisers LLC bought a new position in shares of Pool during the 1st quarter worth approximately $49,000. 98.99% of the stock is currently owned by institutional investors.

Pool Trading Down 0.8%

Shares of Pool stock opened at $309.61 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87. Pool Corporation has a 1 year low of $282.22 and a 1 year high of $395.60. The firm has a market cap of $11.55 billion, a PE ratio of 28.56, a PEG ratio of 4.29 and a beta of 1.11. The company has a 50 day simple moving average of $316.01 and a two-hundred day simple moving average of $308.52.

Pool (NASDAQ:POOL) last announced 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. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Pool had a return on equity of 30.99% and a net margin of 7.79%.Pool’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm posted $4.99 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Analysts expect 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. Investors of record on Thursday, August 14th were given a $1.25 dividend. 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 (DPR) is presently 46.13%.

Wall Street Analysts Forecast Growth

POOL has been the subject of several recent analyst reports. Robert W. Baird upped their target price on Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, July 25th. KeyCorp started coverage on Pool in a research note on Tuesday, September 30th. They issued a “sector weight” rating for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pool in a research report on Saturday, September 27th. Oppenheimer increased their target price on shares of 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 target on shares of Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Pool presently has an average rating of “Hold” and an average target price of $342.14.

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.