Sanctuary Advisors LLC acquired a new stake in Pool Corporation (NASDAQ:POOL – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,098 shares of the specialty retailer’s stock, valued at approximately $2,600,000.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Pool during the second quarter worth $866,576,000. T. Rowe Price Investment Management Inc. increased its position in shares of Pool by 3,831.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,001,987 shares of the specialty retailer’s stock valued at $457,955,000 after buying an additional 1,951,070 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Pool in the second quarter valued at $148,216,000. Norges Bank acquired a new position in shares of Pool during the 4th quarter worth $97,612,000. Finally, Wellington Management Group LLP raised its stake in shares of Pool by 16.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock worth $794,825,000 after buying an additional 357,643 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on POOL shares. DA Davidson initiated coverage on shares of Pool in a research report on Monday. They issued a “neutral” rating and a $210.00 price objective on the stock. Oppenheimer dropped their target price on shares of Pool from $280.00 to $227.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Bank of America cut their target price on shares of Pool from $226.00 to $206.00 and set an “underperform” rating for the company in a research report on Monday, July 20th. Stifel Nicolaus lowered their price target on shares of Pool from $235.00 to $189.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a research note on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Pool has an average rating of “Hold” and an average target price of $233.10.
Pool Stock Performance
Shares of POOL opened at $186.36 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.91 and a current ratio of 2.67. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 2.55 and a beta of 1.06. The company’s 50 day simple moving average is $200.23 and its 200 day simple moving average is $206.24. Pool Corporation has a 1 year low of $172.68 and a 1 year high of $336.15.
Pool (NASDAQ:POOL – Get Free Report) last announced its earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.05. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.82 billion. Pool had a net margin of 7.40% and a return on equity of 32.74%. Pool’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $5.17 earnings per share. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. On average, sell-side analysts predict that Pool Corporation will post 10.94 EPS for the current year.
Pool Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a dividend of $1.30 per share. The ex-dividend date is Thursday, August 13th. This represents a $5.20 annualized dividend and a dividend yield of 2.8%. Pool’s dividend payout ratio (DPR) is 47.84%.
Pool declared that its board has approved a stock buyback plan on Wednesday, April 29th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the specialty retailer to purchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
Pool Profile
Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.
The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.
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