Pool Corporation $POOL Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in Pool Corporation (NASDAQ:POOL) by 1.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,918 shares of the specialty retailer’s stock after buying an additional 234 shares during the quarter. Janney Montgomery Scott LLC owned about 0.06% of Pool worth $6,972,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Pool by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer’s stock worth $1,418,646,000 after purchasing an additional 12,795 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Pool by 2.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer’s stock valued at $716,422,000 after acquiring an additional 50,566 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Pool by 3.6% during the 1st quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer’s stock valued at $409,054,000 after acquiring an additional 44,897 shares during the last quarter. Wellington Management Group LLP increased its position in Pool by 1.1% during the 1st quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer’s stock worth $335,562,000 after purchasing an additional 11,552 shares in the last quarter. Finally, Mawer Investment Management Ltd. acquired a new stake in Pool during the 1st quarter worth approximately $168,735,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Stock Down 0.8%

Shares of POOL stock opened at $309.61 on Monday. The stock’s 50 day simple moving average is $316.01 and its 200 day simple moving average is $308.43. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 4.29 and a beta of 1.11.

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, beating 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 business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the business earned $4.99 EPS. The firm’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, research analysts predict that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 14th. Pool’s payout ratio is currently 46.13%.

Wall Street Analysts Forecast Growth

POOL has been the subject of several recent research reports. Oppenheimer increased their price objective on shares of Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Robert W. Baird raised their target price 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 raised 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. Wall Street Zen raised Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, KeyCorp assumed coverage on Pool in a report on Tuesday, September 30th. They set a “sector weight” rating on the stock. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.