Findlay Park Partners LLP purchased a new position in shares of Pool Corporation (NASDAQ:POOL – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 174,895 shares of the specialty retailer’s stock, valued at approximately $37,585,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Pool in the 2nd quarter worth about $866,576,000. T. Rowe Price Investment Management Inc. boosted its stake in 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 acquiring an additional 1,951,070 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Pool during the 2nd quarter valued at approximately $148,216,000. Norges Bank bought a new position in shares of Pool during the 4th quarter valued at approximately $97,612,000. Finally, Wellington Management Group LLP increased 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 purchasing an additional 357,643 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.
Analyst Ratings Changes
Several brokerages have weighed in on POOL. Robert W. Baird set a $260.00 price objective on Pool in a report on Friday, July 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research note on Tuesday, August 11th. Stifel Nicolaus dropped their price target on Pool from $235.00 to $189.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Stephens reiterated an “overweight” rating and set a $225.00 price target on shares of Pool in a research note on Thursday. Finally, Oppenheimer lowered their price objective on Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $235.67.
Key Pool News
Here are the key news stories impacting Pool this week:
- Positive Sentiment: Stephens reaffirmed its “Overweight” rating on Pool Corporation and maintained a $225 price target, implying substantial upside from the current trading level. Benzinga
- Positive Sentiment: Pool’s latest quarterly results modestly exceeded expectations: earnings per share were $5.38 versus the $5.33 consensus estimate, while revenue reached $1.82 billion and increased 2.2% year over year. Management’s fiscal 2026 EPS guidance remains $10.66–$10.96.
- Neutral Sentiment: The recent report about Nvidia paying $6 billion to license Poolside’s AI software concerns Poolside, not Pool Corporation, and has no apparent impact on POOL. Nvidia Pays $6 Billion to License Poolside AI Model-Development Software
- Neutral Sentiment: Other reports involving Poolin’s cryptocurrency-mining assets, swimming-pool products, and pool-cleaning robots are unrelated to Pool Corporation’s distribution business.
- Negative Sentiment: Although quarterly results were slightly better than expected, revenue was essentially in line with forecasts and the company’s shares remain below both their 50-day and 200-day moving averages, indicating continued technical pressure and investor caution around the pool-construction and renovation market.
Pool Price Performance
Pool stock opened at $187.98 on Friday. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 2.54 and a beta of 1.06. The company has a quick ratio of 0.91, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. The business has a 50-day simple moving average of $200.52 and a 200 day simple moving average of $207.54. Pool Corporation has a 52 week low of $172.68 and a 52 week high of $336.15.
Pool (NASDAQ:POOL – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.05. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. Pool had a return on equity of 32.74% and a net margin of 7.40%.The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $5.17 EPS. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. On average, research analysts forecast that Pool Corporation will post 10.94 earnings per share for the current fiscal year.
Pool Dividend Announcement
The company 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 $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, August 13th. Pool’s dividend payout ratio is presently 47.84%.
Pool declared that its Board of Directors has initiated a share buyback plan on Wednesday, April 29th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase up to 7.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are 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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