BNP Paribas Makes New Investment in Pool Corporation $POOL

BNP Paribas bought a new stake in Pool Corporation (NASDAQ:POOL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,896 shares of the specialty retailer’s stock, valued at approximately $1,211,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in POOL. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Pool during the 1st quarter worth about $400,000. Millennium Management LLC lifted its position in Pool by 237.9% in the first quarter. Millennium Management LLC now owns 17,390 shares of the specialty retailer’s stock valued at $5,536,000 after buying an additional 12,244 shares during the last quarter. Empowered Funds LLC acquired a new position in Pool in the first quarter valued at about $639,000. Geneos Wealth Management Inc. boosted its stake in Pool by 164.4% during the first quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock worth $50,000 after buying an additional 97 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Pool by 201.2% during the first quarter. Acadian Asset Management LLC now owns 2,012 shares of the specialty retailer’s stock valued at $639,000 after acquiring an additional 1,344 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Up 1.2%

Shares of POOL opened at $206.64 on Monday. The company’s 50-day simple moving average is $244.80 and its 200-day simple moving average is $263.63. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.59 and a current ratio of 2.24. Pool Corporation has a 1 year low of $203.80 and a 1 year high of $345.00. The stock has a market capitalization of $7.60 billion, a PE ratio of 19.06, a P/E/G ratio of 2.58 and a beta of 1.25.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, February 19th. The specialty retailer reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.15). The business had revenue of $982.21 million for the quarter, compared to analysts’ expectations of $999.14 million. Pool had a return on equity of 31.49% and a net margin of 7.67%.Pool’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 earnings per share. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. 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 will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. Pool’s dividend payout ratio is currently 46.13%.

Analysts Set New Price Targets

POOL has been the topic of a number of research analyst reports. Oppenheimer reduced their price target on shares of Pool from $346.00 to $280.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Robert W. Baird dropped their target price on shares of Pool from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Wall Street Zen lowered Pool from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. The Goldman Sachs Group decreased their price target on Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft set a $246.00 price target on Pool in a research report on Friday, February 20th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $281.50.

Insiders Place Their Bets

In other news, CFO Melanie M. Hart sold 2,750 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $220.00, for a total value of $605,000.00. Following the sale, the chief financial officer directly owned 18,039 shares in the company, valued at approximately $3,968,580. This trade represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Romain Kenneth G. St bought 5,560 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was bought at an average price of $218.67 per share, with a total value of $1,215,805.20. Following the completion of the acquisition, the senior vice president owned 82,845 shares of the company’s stock, valued at $18,115,716.15. This trade represents a 7.19% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.00% of the stock is currently owned by corporate insiders.

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.