Pool Corporation $POOL Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its stake in Pool Corporation (NASDAQ:POOL) by 4.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,748 shares of the specialty retailer’s stock after purchasing an additional 330 shares during the quarter. IFM Investors Pty Ltd’s holdings in Pool were worth $2,258,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of POOL. Vident Advisory LLC lifted its stake in Pool by 11.7% during the fourth quarter. Vident Advisory LLC now owns 1,282 shares of the specialty retailer’s stock valued at $437,000 after buying an additional 134 shares in the last quarter. Woodline Partners LP purchased a new stake in Pool during the fourth quarter valued at about $323,000. Waverly Advisors LLC acquired a new position in shares of Pool in the 4th quarter valued at about $251,000. Vise Technologies Inc. acquired a new position in shares of Pool in the 4th quarter valued at about $354,000. Finally, Toronto Dominion Bank increased its holdings in shares of Pool by 49.4% in the 4th quarter. Toronto Dominion Bank now owns 20,395 shares of the specialty retailer’s stock valued at $6,953,000 after purchasing an additional 6,744 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Pool Trading Down 1.7%

NASDAQ:POOL opened at $312.63 on Tuesday. Pool Corporation has a fifty-two week low of $282.22 and a fifty-two week high of $395.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87. The stock has a market capitalization of $11.67 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 4.41 and a beta of 1.08. The business’s 50-day simple moving average is $315.57 and its 200-day simple moving average is $309.81.

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

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a $1.25 dividend. The ex-dividend date was Thursday, August 14th. This represents a $5.00 annualized dividend and a yield of 1.6%. Pool’s payout ratio is presently 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.