New York Life Investment Management LLC Sells 96 Shares of Pool Corporation $POOL

New York Life Investment Management LLC reduced its stake in Pool Corporation (NASDAQ:POOL) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,186 shares of the specialty retailer’s stock after selling 96 shares during the period. New York Life Investment Management LLC’s holdings in Pool were worth $2,678,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Amalgamated Bank boosted its position in shares of Pool by 3.1% in the 1st quarter. Amalgamated Bank now owns 8,076 shares of the specialty retailer’s stock worth $2,571,000 after purchasing an additional 246 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Pool by 12.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,954 shares of the specialty retailer’s stock worth $1,560,000 after purchasing an additional 559 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Pool in the 1st quarter worth $1,084,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Pool by 17.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,755 shares of the specialty retailer’s stock worth $22,525,000 after purchasing an additional 10,421 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in shares of Pool by 2.1% in the 1st quarter. Stephens Investment Management Group LLC now owns 117,083 shares of the specialty retailer’s stock worth $37,273,000 after purchasing an additional 2,460 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on POOL. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pool in a research note on Wednesday, October 8th. KeyCorp began coverage on Pool in a research note on Tuesday, September 30th. They set a “sector weight” rating on the stock. Wells Fargo & Company raised their price objective on Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Oppenheimer raised their price objective on Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen raised Pool from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Pool presently has an average rating of “Hold” and an average target price of $337.86.

Pool Stock Performance

POOL opened at $266.90 on Friday. The business’s 50-day moving average price is $307.05 and its two-hundred day moving average price is $305.47. Pool Corporation has a 1 year low of $266.00 and a 1 year high of $395.60. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 3.94 and a beta of 1.11. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.57 and a quick ratio of 0.87.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.01. Pool had a return on equity of 31.40% and a net margin of 7.77%.The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the business posted $3.26 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities analysts expect that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. Pool’s dividend payout ratio (DPR) is presently 45.58%.

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.