Strs Ohio Purchases Shares of 8,000 Pool Corporation $POOL

Strs Ohio purchased a new stake in Pool Corporation (NASDAQ:POOL) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,000 shares of the specialty retailer’s stock, valued at approximately $2,547,000.

Other large investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC lifted its stake in Pool by 471.4% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 66 shares during the last quarter. City Holding Co. acquired a new stake in Pool in the first quarter valued at $26,000. Sentry Investment Management LLC acquired a new stake in Pool in the first quarter valued at $30,000. Versant Capital Management Inc lifted its stake in Pool by 790.9% in the first quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake in Pool by 53.1% in the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Price Performance

Shares of Pool stock opened at $324.78 on Tuesday. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. The company has a 50-day simple moving average of $314.02 and a two-hundred day simple moving average of $310.82. The stock has a market capitalization of $12.12 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 4.52 and a beta of 1.08.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, topping the consensus estimate of $5.12 by $0.05. Pool had a net margin of 7.79% and a return on equity of 30.99%. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the company earned $4.99 EPS. The business’s revenue was up .9% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Analysts forecast that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 14th. Pool’s dividend payout ratio (DPR) is currently 46.13%.

Wall Street Analyst Weigh In

POOL has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Wells Fargo & Company raised their target price on shares of Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Oppenheimer raised their target price on shares of Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 29th. Finally, Robert W. Baird raised their target price on shares of Pool from $310.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $342.14.

Pool 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.