Creative Planning Acquires 647 Shares of Pool Corporation $POOL

Creative Planning increased its stake in shares of Pool Corporation (NASDAQ:POOL) by 10.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,020 shares of the specialty retailer’s stock after acquiring an additional 647 shares during the quarter. Creative Planning’s holdings in Pool were worth $2,046,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cim LLC increased its holdings in shares of Pool by 1.3% during the 1st quarter. Cim LLC now owns 2,993 shares of the specialty retailer’s stock worth $953,000 after purchasing an additional 38 shares during the period. Whittier Trust Co. increased its stake in Pool by 14.0% during the second quarter. Whittier Trust Co. now owns 375 shares of the specialty retailer’s stock valued at $109,000 after acquiring an additional 46 shares during the period. Brooklyn Investment Group increased its stake in Pool by 53.1% during 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 period. Blue Trust Inc. raised its holdings in Pool by 24.4% in the 2nd quarter. Blue Trust Inc. now owns 280 shares of the specialty retailer’s stock valued at $82,000 after acquiring an additional 55 shares in the last quarter. Finally, Empirical Finance LLC lifted its position in shares of Pool by 6.1% in the 1st quarter. Empirical Finance LLC now owns 1,169 shares of the specialty retailer’s stock worth $372,000 after acquiring an additional 67 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on POOL. William Blair restated a “market perform” rating on shares of Pool in a research note on Wednesday, October 15th. Robert W. Baird set a $345.00 price objective on shares of Pool in a research note on Friday, October 24th. KeyCorp began coverage on shares of Pool in a research report on Tuesday, September 30th. They set a “sector weight” rating on the stock. Oppenheimer upped their target price on shares of Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Finally, The Goldman Sachs Group set a $360.00 price target on shares of Pool and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $337.86.

Pool Trading Up 3.0%

Shares of POOL stock opened at $243.89 on Wednesday. Pool Corporation has a 12-month low of $229.63 and a 12-month high of $386.07. The company has a market capitalization of $9.08 billion, a P/E ratio of 22.23, a P/E/G ratio of 3.94 and a beta of 1.12. The firm has a 50-day moving average price of $281.84 and a 200 day moving average price of $299.07. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.01. Pool had a net margin of 7.77% and a return on equity of 31.40%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the firm earned $3.26 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Research analysts forecast that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. Pool’s payout ratio is currently 45.58%.

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.