SG Americas Securities LLC Sells 43,297 Shares of Pool Corporation $POOL

SG Americas Securities LLC cut its stake in shares of Pool Corporation (NASDAQ:POOL) by 48.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 46,914 shares of the specialty retailer’s stock after selling 43,297 shares during the quarter. SG Americas Securities LLC’s holdings in Pool were worth $14,547,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Clearstead Trust LLC bought a new stake in shares of Pool during the 2nd quarter worth approximately $25,000. CYBER HORNET ETFs LLC acquired a new position in Pool during the second quarter worth $30,000. Chilton Capital Management LLC acquired a new position in Pool during the second quarter worth $30,000. MUFG Securities EMEA plc bought a new stake in Pool during the second quarter worth $33,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new stake in Pool in the second quarter valued at $34,000. 98.99% of the stock is currently owned by institutional investors.

Pool Price Performance

Pool stock opened at $242.80 on Friday. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 4.17 and a beta of 1.23. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. Pool Corporation has a 12 month low of $226.10 and a 12 month high of $374.74. The stock’s 50 day moving average is $240.46 and its 200-day moving average is $284.58.

Pool (NASDAQ:POOL) last released its quarterly earnings results 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. Pool had a return on equity of 31.40% and a net margin of 7.77%.The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the company posted $3.26 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities research analysts expect that Pool Corporation will post 11.32 EPS for the current year.

Pool Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on POOL. The Goldman Sachs Group set a $360.00 price objective on shares of Pool and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Cfra raised Pool from a “hold” rating to a “buy” rating and set a $304.00 price target on the stock in a research report on Monday, December 22nd. Guggenheim assumed coverage on Pool in a research report on Wednesday, October 8th. They issued a “neutral” rating for the company. Stifel Nicolaus decreased their target price on Pool from $295.00 to $240.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Pool has an average rating of “Hold” and an average target price of $317.38.

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.