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

New York Life Investment Management LLC lowered its holdings in shares of Pool Corporation (NASDAQ:POOL) by 1.0% in the second quarter, HoldingsChannel reports. The firm 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 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of POOL. Mirae Asset Global Investments Co. Ltd. grew its holdings in Pool by 12.7% during the first 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 period. KBC Group NV grew its holdings in Pool by 5.2% during the first quarter. KBC Group NV now owns 5,803 shares of the specialty retailer’s stock worth $1,847,000 after purchasing an additional 286 shares during the period. Amalgamated Bank grew its holdings in Pool by 3.1% during the first 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 period. Koshinski Asset Management Inc. grew its holdings in Pool by 9.6% during the first quarter. Koshinski Asset Management Inc. now owns 892 shares of the specialty retailer’s stock worth $284,000 after purchasing an additional 78 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in Pool by 5.4% during the first quarter. Vontobel Holding Ltd. now owns 5,846 shares of the specialty retailer’s stock worth $1,861,000 after purchasing an additional 298 shares during the period. Institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

POOL has been the subject of a number of research analyst reports. Guggenheim initiated coverage on Pool in a report on Wednesday, October 8th. They set a “neutral” rating for the company. The Goldman Sachs Group set a $360.00 price objective on Pool and gave the stock a “buy” rating in a report on Thursday, October 23rd. Oppenheimer boosted their price objective on Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a report on Tuesday, July 29th. Wall Street Zen upgraded Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Pool in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $337.86.

Pool Trading Down 3.7%

Shares of POOL stock opened at $266.90 on Friday. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. The stock has a market cap of $9.96 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 3.94 and a beta of 1.11. The stock has a 50 day simple moving average of $307.05 and a 200 day simple moving average of $305.47. Pool Corporation has a 1 year low of $266.00 and a 1 year high of $395.60.

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

Pool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 12th. Pool’s payout ratio is 45.58%.

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.