Stratos Wealth Partners LTD. Raises Stake in Pool Corporation $POOL

Stratos Wealth Partners LTD. boosted its holdings in shares of Pool Corporation (NASDAQ:POOL) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,191 shares of the specialty retailer’s stock after purchasing an additional 483 shares during the period. Stratos Wealth Partners LTD.’s holdings in Pool were worth $2,096,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group grew its position in Pool by 53.1% during the 1st quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 51 shares during the last quarter. WPG Advisers LLC purchased a new position in Pool during the 1st quarter worth $49,000. Steph & Co. purchased a new position in Pool during the 2nd quarter worth $49,000. Geneos Wealth Management Inc. grew its position in Pool by 164.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock worth $50,000 after purchasing an additional 97 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Pool by 20.3% during the 1st quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 38 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on POOL. William Blair reissued a “market perform” rating on shares of Pool in a research report on Wednesday. Wall Street Zen raised shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Oppenheimer lifted their target price on shares of Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. Robert W. Baird lifted their target price on shares of Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Finally, KeyCorp assumed coverage on shares of Pool in a report on Tuesday, September 30th. They issued a “sector weight” rating on the stock. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $342.14.

Pool Stock Up 0.0%

POOL stock opened at $290.21 on Monday. The company has a market cap of $10.83 billion, a P/E ratio of 26.77, a P/E/G ratio of 3.96 and a beta of 1.11. Pool Corporation has a 52 week low of $282.22 and a 52 week high of $395.60. The company’s 50-day moving average price is $312.84 and its 200 day moving average price is $306.62. 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 released its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.05. The firm 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 was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.99 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, research analysts expect 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. Investors of record on Thursday, August 14th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. Pool’s payout ratio is currently 46.13%.

Pool Company 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.