AdvisorShares Investments LLC Grows Stock Position in Pool Corporation $POOL

AdvisorShares Investments LLC raised its holdings in Pool Corporation (NASDAQ:POOL) by 19.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,613 shares of the specialty retailer’s stock after buying an additional 263 shares during the quarter. AdvisorShares Investments LLC’s holdings in Pool were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in POOL. GAMMA Investing LLC raised its stake in Pool by 5.7% in the 1st quarter. GAMMA Investing LLC now owns 816 shares of the specialty retailer’s stock worth $260,000 after acquiring an additional 44 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in 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 during the last quarter. KBC Group NV raised its stake in Pool by 5.2% in the 1st quarter. KBC Group NV now owns 5,803 shares of the specialty retailer’s stock worth $1,847,000 after acquiring an additional 286 shares during the last quarter. Amalgamated Bank raised its stake in 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 acquiring an additional 246 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its stake in Pool by 9.6% in the 1st quarter. Koshinski Asset Management Inc. now owns 892 shares of the specialty retailer’s stock worth $284,000 after acquiring an additional 78 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Robert W. Baird set a $345.00 target price on Pool in a research note on Friday, October 24th. The Goldman Sachs Group set a $360.00 price target on Pool and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Guggenheim initiated coverage on Pool in a research report on Wednesday, October 8th. They set a “neutral” rating on the stock. KeyCorp initiated coverage on Pool in a research report on Tuesday, September 30th. They set a “sector weight” rating on the stock. Finally, William Blair reaffirmed a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $337.86.

Pool Price Performance

NASDAQ:POOL opened at $277.20 on Friday. Pool Corporation has a 52 week low of $276.49 and a 52 week high of $395.60. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $10.34 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 3.94 and a beta of 1.11. The stock’s 50-day moving average price is $308.18 and its 200-day moving average price is $305.78.

Pool (NASDAQ:POOL) last posted its 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. 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 period last year, the firm earned $3.26 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, equities analysts expect that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, November 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.8%. Pool’s dividend payout ratio (DPR) is 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.