Sone Capital Management LLC Buys Shares of 146,366 Pool Corporation $POOL

Sone Capital Management LLC bought a new stake in shares of Pool Corporation (NASDAQ:POOL) in the second quarter, Holdings Channel reports. The fund bought 146,366 shares of the specialty retailer’s stock, valued at approximately $31,454,000. Pool comprises 2.4% of Sone Capital Management LLC’s portfolio, making the stock its 6th biggest holding.

Other large investors also recently modified their holdings of the company. Clearstead Advisors LLC raised its stake in shares of Pool by 100.0% in the fourth quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 61 shares during the period. Elevation Wealth Partners LLC grew its stake in Pool by 2,660.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 133 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Pool during the second quarter worth $30,000. Covestor Ltd boosted its holdings in shares of Pool by 348.4% in the fourth quarter. Covestor Ltd now owns 139 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 108 shares during the period. Finally, CoreCap Advisors LLC grew its position in shares of Pool by 214.3% in the second quarter. CoreCap Advisors LLC now owns 154 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Trading Up 0.1%

NASDAQ POOL opened at $188.24 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. The stock’s 50-day simple moving average is $200.47 and its two-hundred day simple moving average is $206.76. Pool Corporation has a twelve month low of $172.68 and a twelve month high of $336.15. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 2.54 and a beta of 1.06.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $5.38 EPS for the quarter, beating the consensus estimate of $5.33 by $0.05. The firm had revenue of $1.82 billion for 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 company’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 EPS. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Research analysts forecast 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 outstanding 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 typically an indication that the company’s management believes its shares are undervalued.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, August 13th. Pool’s dividend payout ratio (DPR) is presently 47.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price target 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. Bank of America lowered their target price on shares of Pool from $226.00 to $206.00 and set an “underperform” rating on the stock in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $185.00 price target on shares of Pool in a research report on Friday, July 24th. DA Davidson set a $210.00 price objective on Pool in a research report on Monday. Finally, Robert W. Baird set a $260.00 target price on Pool in a research report on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $233.10.

About Pool

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.