SVB Wealth LLC Reduces Position in Pool Corporation $POOL

SVB Wealth LLC cut its holdings in shares of Pool Corporation (NASDAQ:POOL) by 44.9% during the second quarter, HoldingsChannel.com reports. The fund owned 6,775 shares of the specialty retailer’s stock after selling 5,516 shares during the period. SVB Wealth LLC’s holdings in Pool were worth $1,975,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. WINTON GROUP Ltd grew its holdings in Pool by 30.9% in the 2nd quarter. WINTON GROUP Ltd now owns 6,175 shares of the specialty retailer’s stock valued at $1,800,000 after buying an additional 1,458 shares in the last quarter. Natixis boosted its position in shares of Pool by 1,852.6% during the 2nd quarter. Natixis now owns 66,799 shares of the specialty retailer’s stock valued at $19,471,000 after acquiring an additional 63,378 shares during the last quarter. Bank of Nova Scotia grew its holdings in shares of Pool by 31.6% in the second quarter. Bank of Nova Scotia now owns 5,229 shares of the specialty retailer’s stock valued at $1,524,000 after purchasing an additional 1,257 shares during the period. California Public Employees Retirement System increased its position in Pool by 0.3% during the second quarter. California Public Employees Retirement System now owns 66,039 shares of the specialty retailer’s stock worth $19,249,000 after purchasing an additional 216 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in Pool by 151.2% during the second quarter. Cerity Partners LLC now owns 4,645 shares of the specialty retailer’s stock worth $1,354,000 after purchasing an additional 2,796 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Down 1.1%

Shares of POOL opened at $236.92 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57. The stock has a market capitalization of $8.83 billion, a PE ratio of 21.60, a P/E/G ratio of 4.49 and a beta of 1.23. The company’s 50-day simple moving average is $269.06 and its 200-day simple moving average is $294.61. Pool Corporation has a 1 year low of $229.63 and a 1 year high of $380.82.

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

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, November 12th. Pool’s dividend payout ratio is presently 45.58%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Robert W. Baird set a $345.00 price target on shares of Pool in a report on Friday, October 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a research note on Monday, December 1st. Guggenheim started coverage on Pool in a research note on Wednesday, October 8th. They issued a “neutral” rating on the stock. KeyCorp started coverage on Pool in a report on Tuesday, September 30th. They set a “sector weight” rating for the company. Finally, William Blair reaffirmed a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $337.86.

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.