Bank of Nova Scotia Takes $2.60 Million Position in Pool Corporation $POOL

Bank of Nova Scotia acquired a new position in Pool Corporation (NASDAQ:POOL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,089 shares of the specialty retailer’s stock, valued at approximately $2,598,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in POOL. Deprince Race & Zollo Inc. increased its holdings in shares of Pool by 197.5% in the 1st quarter. Deprince Race & Zollo Inc. now owns 170,676 shares of the specialty retailer’s stock worth $34,533,000 after buying an additional 113,306 shares during the last quarter. Schwartz Investment Counsel Inc. bought a new position in shares of Pool in the 4th quarter valued at about $4,575,000. King Luther Capital Management Corp grew its position in Pool by 236.4% in the fourth quarter. King Luther Capital Management Corp now owns 11,146 shares of the specialty retailer’s stock worth $2,550,000 after acquiring an additional 7,833 shares in the last quarter. CenterBook Partners LP purchased a new position in Pool in the fourth quarter worth about $3,381,000. Finally, LRT Capital Management LLC bought a new stake in Pool during the fourth quarter worth approximately $1,188,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

More Pool News

Here are the key news stories impacting Pool this week:

• Positive Sentiment: DA Davidson upgraded Pool to “Hold.” The change likely offers some support because it represents an improvement from the firm’s previous rating, although a Hold remains a cautious view rather than a bullish endorsement. Zacks.com

Analyst Ratings Changes

Several research firms have recently issued reports on POOL. Stifel Nicolaus lowered their price objective on Pool from $235.00 to $189.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Oppenheimer cut their target price on Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft set a $185.00 price target on Pool in a report on Friday, July 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research report on Tuesday, August 11th. Finally, Robert W. Baird set a $260.00 price objective on shares of Pool in a research note on Friday, July 24th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Pool presently has an average rating of “Hold” and an average target price of $233.10.

Pool Trading Up 1.1%

POOL opened at $188.38 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.91 and a current ratio of 2.67. The stock’s 50 day moving average price is $200.11 and its 200-day moving average price is $205.75. Pool Corporation has a one year low of $172.68 and a one year high of $336.15. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 2.52 and a beta of 1.06.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share (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 analysts’ expectations of $1.82 billion. Pool had a return on equity of 32.74% and a net margin of 7.40%.Pool’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.17 EPS. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. On average, equities analysts forecast that Pool Corporation will post 10.94 EPS for the current year.

Pool announced that its Board of Directors has authorized a share repurchase plan on Wednesday, April 29th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the specialty retailer to reacquire up to 7.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Pool Dividend Announcement

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

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.