Foyston Gordon & Payne Inc purchased a new stake in Pool Corporation (NASDAQ:POOL – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 73,176 shares of the specialty retailer’s stock, valued at approximately $15,788,000. Pool accounts for 3.4% of Foyston Gordon & Payne Inc’s holdings, making the stock its 7th biggest position.
A number of other institutional investors and hedge funds also recently modified their holdings of POOL. Jacobs Levy Equity Management Inc. acquired a new position in Pool during the first quarter worth approximately $400,000. Millennium Management LLC grew its stake in shares of Pool by 237.9% during the 1st quarter. Millennium Management LLC now owns 17,390 shares of the specialty retailer’s stock valued at $5,536,000 after buying an additional 12,244 shares during the period. Empowered Funds LLC acquired a new stake in shares of Pool during the 1st quarter worth $639,000. Geneos Wealth Management Inc. raised its position in shares of Pool by 164.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock worth $50,000 after buying an additional 97 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in Pool by 201.2% in the first quarter. Acadian Asset Management LLC now owns 2,012 shares of the specialty retailer’s stock valued at $639,000 after acquiring an additional 1,344 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.
Pool Stock Down 1.2%
NASDAQ POOL opened at $187.98 on Friday. The stock has a market cap of $6.83 billion, a PE ratio of 17.29, a P/E/G ratio of 2.54 and a beta of 1.06. Pool Corporation has a fifty-two week low of $172.68 and a fifty-two week high of $336.15. The business has a 50 day moving average price of $200.52 and a two-hundred day moving average price of $207.54. The company has a quick ratio of 0.91, a current ratio of 2.67 and a debt-to-equity ratio of 1.05.
Pool declared that its board has approved a stock buyback plan on Wednesday, April 29th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the specialty retailer to repurchase up to 7.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Pool Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, August 13th. Pool’s payout ratio is presently 47.84%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Robert W. Baird set a $260.00 price objective on Pool in a report on Friday, July 24th. Oppenheimer cut their price target on shares of Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. Stifel Nicolaus reduced 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. Zacks Research upgraded shares of Pool from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Bank of America dropped their price objective 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. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $235.67.
Check Out Our Latest Report on Pool
Pool News Summary
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 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.
Featured Articles
- Five stocks we like better than Pool
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Want to see what other hedge funds are holding POOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pool Corporation (NASDAQ:POOL – Free Report).
Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.
