Korea Investment CORP Sells 11,631 Shares of Pool Corporation $POOL

Korea Investment CORP lessened its stake in Pool Corporation (NASDAQ:POOL) by 40.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,936 shares of the specialty retailer’s stock after selling 11,631 shares during the period. Korea Investment CORP’s holdings in Pool were worth $5,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in POOL. Clearstead Trust LLC bought a new stake in shares of Pool in the 2nd quarter valued at about $25,000. Root Financial Partners LLC bought a new position in shares of Pool during the 3rd quarter worth approximately $29,000. CYBER HORNET ETFs LLC bought a new position in shares of Pool during the 2nd quarter worth approximately $30,000. MUFG Securities EMEA plc purchased a new stake in Pool during the second quarter valued at approximately $33,000. Finally, Geneos Wealth Management Inc. boosted its stake in Pool by 164.4% in the first quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock valued at $50,000 after acquiring an additional 97 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Stifel Nicolaus cut their price target on shares of Pool from $240.00 to $232.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. The Goldman Sachs Group decreased their price objective on Pool from $360.00 to $310.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft set a $246.00 target price on Pool in a research note on Friday, February 20th. Oppenheimer reduced their target price on Pool from $346.00 to $280.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Finally, Wall Street Zen cut Pool from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $281.50.

Insider Transactions at Pool

In other news, CFO Melanie M. Hart sold 2,750 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $220.00, for a total value of $605,000.00. Following the completion of the transaction, the chief financial officer directly owned 18,039 shares in the company, valued at $3,968,580. This trade represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 shares were purchased at an average cost of $218.67 per share, with a total value of $1,215,805.20. Following the acquisition, the senior vice president directly owned 82,845 shares of the company’s stock, valued at approximately $18,115,716.15. This trade represents a 7.19% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.00% of the stock is currently owned by corporate insiders.

Pool Trading Down 3.2%

NASDAQ POOL opened at $204.12 on Friday. The company has a fifty day simple moving average of $245.26 and a two-hundred day simple moving average of $265.18. The stock has a market cap of $7.51 billion, a P/E ratio of 18.83, a P/E/G ratio of 2.64 and a beta of 1.25. Pool Corporation has a 12-month low of $203.80 and a 12-month high of $345.00. The company has a current ratio of 2.24, a quick ratio of 0.59 and a debt-to-equity ratio of 1.00.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, February 19th. The specialty retailer reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.15). Pool had a net margin of 7.67% and a return on equity of 31.49%. The company had revenue of $982.21 million for the quarter, compared to analysts’ expectations of $999.14 million. During the same period last year, the firm earned $0.97 earnings per share. Pool’s quarterly revenue was down .5% compared to the same quarter last year. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. On average, analysts forecast that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, March 12th. Pool’s payout ratio is presently 46.13%.

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.