Stephens Investment Management Group LLC Lowers Stock Position in Pool Corporation $POOL

Stephens Investment Management Group LLC reduced its position in shares of Pool Corporation (NASDAQ:POOL) by 4.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 106,974 shares of the specialty retailer’s stock after selling 4,875 shares during the period. Stephens Investment Management Group LLC’s holdings in Pool were worth $33,169,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of POOL. Berkshire Hathaway Inc lifted its position in shares of Pool by 136.3% during the 2nd quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock valued at $1,008,196,000 after buying an additional 1,994,885 shares in the last quarter. Invesco Ltd. raised its position in Pool by 11.1% during the second quarter. Invesco Ltd. now owns 699,628 shares of the specialty retailer’s stock worth $203,928,000 after acquiring an additional 70,075 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Pool by 35.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock valued at $179,564,000 after purchasing an additional 160,878 shares in the last quarter. William Blair Investment Management LLC grew its position in shares of Pool by 13.9% in the second quarter. William Blair Investment Management LLC now owns 586,310 shares of the specialty retailer’s stock valued at $170,898,000 after purchasing an additional 71,373 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Pool by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 437,139 shares of the specialty retailer’s stock valued at $127,417,000 after purchasing an additional 9,961 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Stock Performance

NASDAQ:POOL opened at $267.99 on Friday. Pool Corporation has a fifty-two week low of $226.10 and a fifty-two week high of $374.74. 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 company has a 50 day moving average price of $241.18 and a 200 day moving average price of $283.20. The stock has a market capitalization of $9.98 billion, a P/E ratio of 24.43, a PEG ratio of 4.71 and a beta of 1.23.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.01. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. Pool had a net margin of 7.77% and a return on equity of 31.40%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.26 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities research analysts forecast 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. Shareholders of record on Wednesday, November 12th were paid a $1.25 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $5.00 dividend on an annualized basis and a yield of 1.9%. Pool’s dividend payout ratio (DPR) is currently 45.58%.

Analyst Ratings Changes

Several research firms recently commented on POOL. Stifel Nicolaus reduced their price objective on Pool from $295.00 to $240.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. William Blair reaffirmed a “market perform” rating on shares of Pool in a report on Wednesday, October 15th. Baird R W raised shares of Pool from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research report on Monday, December 29th. Finally, Guggenheim initiated coverage on shares of Pool in a report on Wednesday, October 8th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $308.00.

Pool 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.