Wealth Enhancement Advisory Services LLC Sells 140 Shares of Pool Corporation $POOL

Wealth Enhancement Advisory Services LLC decreased its position in shares of Pool Corporation (NASDAQ:POOL) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,842 shares of the specialty retailer’s stock after selling 140 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Pool were worth $1,160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Atticus Wealth Management LLC bought a new position in Pool during the 2nd quarter worth approximately $136,000. Financiere des Professionnels Fonds d investissement inc. lifted its stake in Pool by 36.5% in the second quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,080 shares of the specialty retailer’s stock valued at $4,396,000 after buying an additional 4,036 shares in the last quarter. New England Research & Management Inc. bought a new position in Pool in the second quarter valued at approximately $306,000. Harbor Capital Advisors Inc. lifted its stake in Pool by 1.3% in the second quarter. Harbor Capital Advisors Inc. now owns 5,333 shares of the specialty retailer’s stock valued at $1,554,000 after buying an additional 68 shares in the last quarter. Finally, Czech National Bank lifted its stake in Pool by 5.1% in the second quarter. Czech National Bank now owns 9,189 shares of the specialty retailer’s stock valued at $2,678,000 after buying an additional 449 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

POOL has been the topic of a number of research reports. KeyCorp initiated coverage on shares of Pool in a research note on Tuesday. They issued a “sector weight” rating on the stock. Wells Fargo & Company lifted their price target on shares of Pool from $300.00 to $320.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Robert W. Baird lifted their price objective on shares of Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Oppenheimer lifted their price objective on shares of Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. Finally, Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Pool currently has a consensus rating of “Hold” and an average target price of $342.14.

Pool Price Performance

Shares of POOL opened at $309.18 on Thursday. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 4.30 and a beta of 1.11. Pool Corporation has a 1-year low of $282.22 and a 1-year high of $395.60. The company’s fifty day simple moving average is $316.60 and its 200 day simple moving average is $308.82. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93.

Pool (NASDAQ:POOL) last issued its 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. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $4.99 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, research analysts forecast that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed 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 dividend yield of 1.6%. The ex-dividend date was Thursday, August 14th. Pool’s payout ratio is currently 46.13%.

About Pool

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.