Norges Bank purchased a new position in shares of Pool Corporation (NASDAQ:POOL – Free Report) in the fourth quarter, Holdings Channel reports. The fund purchased 426,717 shares of the specialty retailer’s stock, valued at approximately $97,612,000.
A number of other institutional investors also recently added to or reduced their stakes in POOL. Clearstead Advisors LLC boosted its position in Pool by 100.0% during the 4th quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 61 shares during the period. Private Trust Co. NA boosted its position in Pool by 78.6% during the 4th quarter. Private Trust Co. NA now owns 125 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 55 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Pool in the second quarter valued at $30,000. Covestor Ltd lifted its holdings in shares of Pool by 348.4% in the fourth quarter. Covestor Ltd now owns 139 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 108 shares during the period. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Pool in the second quarter valued at $33,000. Institutional investors and hedge funds own 98.99% of the company’s stock.
Insider Transactions at Pool
In other news, Director De La Mesa Manuel J. Perez purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $175.95 per share, with a total value of $1,759,500.00. Following the purchase, the director directly owned 40,108 shares of the company’s stock, valued at approximately $7,057,002.60. This trade represents a 33.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John E. Stokely purchased 1,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were purchased at an average cost of $193.06 per share, with a total value of $193,060.00. Following the completion of the purchase, the director directly owned 16,230 shares in the company, valued at approximately $3,133,363.80. This represents a 6.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 26,989 shares of company stock valued at $5,067,747 over the last 90 days. Company insiders own 3.00% of the company’s stock.
Key Headlines Impacting Pool
- Positive Sentiment: Recent coverage highlighted Pool Corporation as a leader in pool distributors, which may reinforce the company’s long-term competitive positioning and brand strength. What Makes Pool Corporation (POOL) a Leader in Pool Distributors?
- Neutral Sentiment: An additional write-up repeated the same “leader in pool distributors” theme, but it appears to be a commentary piece rather than a new market-moving development. What Makes Pool Corporation (POOL) a Leader in Pool Distributors?
- Neutral Sentiment: The remaining headlines mentioning “pool” were unrelated to Pool Corporation, focusing on the Lincoln Memorial reflecting pool and political commentary, so they should not materially affect POOL shares.
Pool Stock Up 1.3%
Shares of Pool stock opened at $185.52 on Friday. Pool Corporation has a 1 year low of $172.68 and a 1 year high of $345.00. The company has a current ratio of 1.87, a quick ratio of 0.55 and a debt-to-equity ratio of 1.09. The company has a market cap of $6.76 billion, a P/E ratio of 17.07, a P/E/G ratio of 2.32 and a beta of 1.10. The stock has a 50-day moving average price of $199.52 and a 200 day moving average price of $224.79.
Pool (NASDAQ:POOL – Get Free Report) last released its earnings results on Thursday, April 23rd. The specialty retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.09. Pool had a net margin of 7.57% and a return on equity of 32.37%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $1.32 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. Pool has set its FY 2026 guidance at 10.870-11.170 EPS. As a group, analysts expect that Pool Corporation will post 11.08 EPS for the current fiscal year.
Pool announced that its board has authorized a share buyback program on Wednesday, April 29th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the specialty retailer to repurchase up to 7.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
Pool Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were paid a dividend of $1.30 per share. This is a boost from Pool’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.8%. Pool’s dividend payout ratio (DPR) is 47.84%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Wall Street Zen upgraded Pool from a “sell” rating to a “hold” rating in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $246.00 price objective on Pool in a report on Friday, February 20th. Zacks Research upgraded Pool from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Robert W. Baird cut their price objective on Pool from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Finally, Weiss Ratings lowered Pool from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $261.38.
View Our Latest Stock Analysis on Pool
Pool Company 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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