Sumitomo Mitsui Trust Group Inc. Boosts Stake in Pool Corporation $POOL

Sumitomo Mitsui Trust Group Inc. raised its position in Pool Corporation (NASDAQ:POOL) by 3.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,023 shares of the specialty retailer’s stock after buying an additional 3,045 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Pool worth $25,948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its position in Pool by 3.1% in the 1st quarter. Amalgamated Bank now owns 8,076 shares of the specialty retailer’s stock valued at $2,571,000 after buying an additional 246 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew 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 acquiring an additional 559 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Pool in the 1st quarter valued at approximately $1,084,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Pool by 17.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,755 shares of the specialty retailer’s stock valued at $22,525,000 after acquiring an additional 10,421 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its stake in Pool by 2.1% during the first 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 owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on POOL. Wall Street Zen raised shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Wells Fargo & Company increased their price target on Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Oppenheimer increased their price target on Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. KeyCorp initiated coverage on Pool in a research report on Tuesday, September 30th. They set a “sector weight” rating on the stock. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Pool in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Pool has an average rating of “Hold” and a consensus target price of $337.86.

Pool Price Performance

Shares of NASDAQ:POOL opened at $286.95 on Wednesday. Pool Corporation has a 12 month low of $282.22 and a 12 month high of $395.60. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 4.09 and a beta of 1.11. The stock’s 50 day moving average price is $309.44 and its 200 day moving average price is $306.17. 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 announced its earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 EPS for the quarter, topping 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 analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the company earned $3.26 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities research analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

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.