Pool Corporation $POOL Shares Acquired by Cynosure Group LLC

Cynosure Group LLC boosted its stake in shares of Pool Corporation (NASDAQ:POOL) by 25.6% in the second quarter, HoldingsChannel reports. The firm owned 1,297 shares of the specialty retailer’s stock after purchasing an additional 264 shares during the quarter. Cynosure Group LLC’s holdings in Pool were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Private Advisor Group LLC grew its stake in shares of Pool by 4.9% in the 1st quarter. Private Advisor Group LLC now owns 1,499 shares of the specialty retailer’s stock worth $477,000 after purchasing an additional 70 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Pool in the first quarter worth approximately $577,000. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Pool by 1.0% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 19,000 shares of the specialty retailer’s stock valued at $6,049,000 after buying an additional 187 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Pool by 26.4% in the first quarter. Avantax Advisory Services Inc. now owns 2,285 shares of the specialty retailer’s stock valued at $727,000 after buying an additional 477 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Pool by 2.7% during the 1st quarter. Cetera Investment Advisers now owns 9,493 shares of the specialty retailer’s stock valued at $3,022,000 after acquiring an additional 251 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

POOL stock opened at $236.71 on Tuesday. The firm has a 50 day moving average of $283.52 and a two-hundred day moving average of $299.47. Pool Corporation has a 12 month low of $229.63 and a 12 month high of $395.60. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 3.94 and a beta of 1.12. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76.

Pool (NASDAQ:POOL) last released its quarterly earnings data 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. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.46 billion. Pool had a net margin of 7.77% and a return on equity of 31.40%. Pool’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.26 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, equities analysts anticipate 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 dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.1%. Pool’s dividend payout ratio is currently 45.58%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Guggenheim started coverage on Pool in a report on Wednesday, October 8th. They issued a “neutral” rating on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a report on Wednesday, November 19th. KeyCorp began coverage on shares of Pool in a research note on Tuesday, September 30th. They set a “sector weight” rating for the company. William Blair reiterated a “market perform” rating on shares of Pool in a report on Wednesday, October 15th. Finally, Oppenheimer lifted their target price on shares of Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Pool currently has an average rating of “Hold” and an average price target of $337.86.

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.