Assenagon Asset Management S.A. Acquires 13,106 Shares of Pool Corporation $POOL

Assenagon Asset Management S.A. lifted its holdings in Pool Corporation (NASDAQ:POOL) by 119.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 24,034 shares of the specialty retailer’s stock after purchasing an additional 13,106 shares during the period. Assenagon Asset Management S.A. owned about 0.06% of Pool worth $7,452,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of POOL. Clearstead Trust LLC purchased a new position in shares of Pool in the 2nd quarter valued at $25,000. CYBER HORNET ETFs LLC purchased a new position in Pool in the second quarter valued at about $30,000. Chilton Capital Management LLC bought a new position in Pool in the second quarter worth about $30,000. MUFG Securities EMEA plc purchased a new stake in shares of Pool during the second quarter valued at about $33,000. Finally, Mid American Wealth Advisory Group Inc. purchased a new stake in Pool during the second quarter valued at approximately $34,000. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on POOL shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pool in a report on Monday, December 15th. Robert W. Baird set a $345.00 target price on shares of Pool in a research note on Friday, October 24th. Stifel Nicolaus cut their target price on Pool from $295.00 to $240.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. William Blair reiterated a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. Finally, The Goldman Sachs Group set a $360.00 price target on shares of Pool and gave the company a “buy” rating in a research report on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $319.29.

Pool Stock Performance

NASDAQ:POOL opened at $232.01 on Monday. Pool Corporation has a 1-year low of $229.63 and a 1-year high of $374.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.57 and a quick ratio of 0.87. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 4.35 and a beta of 1.23. The company’s 50-day moving average is $257.00 and its two-hundred day moving average is $290.48.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 EPS for the quarter, beating the consensus estimate of $3.38 by $0.01. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. Pool had a return on equity of 31.40% and a net margin of 7.77%.The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.26 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Analysts forecast that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, November 12th. Pool’s dividend payout ratio (DPR) is 45.58%.

Pool Company Profile

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.