Cullen Capital Management LLC Invests $603,000 in Pool Corporation $POOL

Cullen Capital Management LLC bought a new stake in shares of Pool Corporation (NASDAQ:POOL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,804 shares of the specialty retailer’s stock, valued at approximately $603,000.

Several other hedge funds also recently bought and sold shares of the company. Dearborn Partners LLC bought a new stake in Pool during the second quarter valued at about $467,000. Algert Global LLC bought a new position in shares of Pool in the second quarter worth about $1,670,000. Maxi Investments CY Ltd bought a new position in shares of Pool in the second quarter worth about $3,739,000. Cibc World Market Inc. purchased a new stake in shares of Pool during the second quarter worth about $462,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Pool during the second quarter worth about $2,600,000. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 1.0%

Shares of POOL stock opened at $186.36 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 0.91 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. Pool Corporation has a 12-month low of $172.68 and a 12-month high of $336.15. The stock’s 50-day moving average price is $200.23 and its 200-day moving average price is $206.24.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 EPS for the quarter, beating analysts’ consensus estimates of $5.33 by $0.05. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.82 billion. Pool had a return on equity of 32.74% and a net margin of 7.40%.The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $5.17 earnings per share. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Equities research analysts predict that Pool Corporation will post 10.94 EPS for the current fiscal year.

Pool declared that its board has approved a stock buyback program on Wednesday, April 29th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the specialty retailer to buy up to 7.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, August 13th. Pool’s dividend payout ratio is currently 47.84%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on POOL. Bank of America decreased their target price on Pool from $226.00 to $206.00 and set an “underperform” rating on the stock in a research note on Monday, July 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pool in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft set a $185.00 price objective on shares of Pool in a report on Friday, July 24th. Oppenheimer reduced their price objective on shares of Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Finally, Stifel Nicolaus lowered their target price on shares of Pool from $235.00 to $189.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $233.10.

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.