Sumitomo Mitsui DS Asset Management Company Ltd Sells 8,484 Shares of Pool Corporation $POOL

Sumitomo Mitsui DS Asset Management Company Ltd reduced its stake in Pool Corporation (NASDAQ:POOL) by 54.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,128 shares of the specialty retailer’s stock after selling 8,484 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Pool were worth $2,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in POOL. Whipplewood Advisors LLC boosted its stake in shares of 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 buying an additional 66 shares during the period. City Holding Co. bought a new stake in shares of Pool in the first quarter valued at approximately $26,000. Sentry Investment Management LLC bought a new stake in shares of Pool in the first quarter valued at approximately $30,000. Versant Capital Management Inc boosted its stake in shares of 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 buying an additional 87 shares during the period. Finally, Brooklyn Investment Group boosted its stake in shares of 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 buying an additional 51 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Pool Stock Performance

Shares of Pool stock opened at $317.92 on Monday. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $315.34 and a two-hundred day moving average price of $310.17. Pool Corporation has a 1-year low of $282.22 and a 1-year high of $395.60. The company has a market cap of $11.86 billion, a P/E ratio of 29.33, a PEG ratio of 4.41 and a beta of 1.08.

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

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 14th. Pool’s dividend payout ratio is 46.13%.

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.