Pool (NASDAQ:POOL) Shares Up 7.4% – Here’s What Happened

Pool Corporation (NASDAQ:POOL)’s stock price shot up 7.4% during trading on Thursday. The company traded as high as $170.83 and last traded at $169.8590. Approximately 469,992 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 855,497 shares. The stock had previously closed at $158.12.

Pool News Summary

Here are the key news stories impacting Pool this week:

• Positive Sentiment: Analysts at Zacks said Pool Corporation has a favorable combination of earnings indicators that could support a quarterly earnings beat. The preview points to improving investor expectations ahead of the Q3 release, although it does not provide new guidance or financial results. Pool’s current full-year EPS outlook is $10.66–$10.96. Pool Corp. Expected to Beat Earnings Estimates

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on POOL. Weiss Ratings reiterated a “sell (d+)” rating on shares of Pool in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft set a $185.00 price target on Pool in a report on Friday, July 24th. Stifel Nicolaus dropped their price objective on shares of Pool from $235.00 to $189.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Wells Fargo & Company cut their price objective on shares of Pool from $185.00 to $165.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Bank of America cut their price objective on shares of Pool from $226.00 to $206.00 and set an “underperform” rating on the stock in a report on Monday, July 20th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $228.10.

Pool Stock Up 2.0%

The firm has a market capitalization of $6.27 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 2.38 and a beta of 1.05. 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 firm has a 50-day moving average of $175.73 and a two-hundred day moving average of $191.55.

Pool (NASDAQ:POOL) last posted its quarterly earnings results 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 firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. Pool had a return on equity of 32.74% and a net margin of 7.40%. The firm’s quarterly 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 earnings per share. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. On average, equities research analysts forecast that Pool Corporation will post 10.94 EPS for the current year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, August 13th. Pool’s dividend payout ratio is 47.84%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Curated Wealth Partners LLC purchased a new position in Pool in the third quarter valued at about $333,000. Mitchell & Pahl Private Wealth LLC grew its stake in Pool by 14.6% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,486 shares of the specialty retailer’s stock valued at $726,000 after purchasing an additional 572 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Pool by 160.3% in the 3rd quarter. Versant Capital Management Inc now owns 315 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 194 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Pool in the 2nd quarter valued at approximately $211,000. Finally, WINTON GROUP Ltd raised its position in shares of Pool by 174.6% in the 2nd quarter. WINTON GROUP Ltd now owns 7,581 shares of the specialty retailer’s stock valued at $1,629,000 after purchasing an additional 4,820 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

About Pool

Pool Corporation (NASDAQ:POOL) is a distributor of swimming pool supplies, equipment and related products. The company serves professional pool contractors, retailers, builders and service providers, supplying products used to build, renovate, maintain and repair residential and commercial pools.

Its product offerings include pool chemicals, pumps, filters, heaters, cleaners, lighting, replacement parts and safety equipment. Pool also distributes products related to irrigation, landscaping and outdoor living, including patio and recreational products that complement pool installations and backyard projects.

Founded in 1993 and headquartered in Covington, Louisiana, Pool Corporation serves customers through a network of distribution centers and sales locations across North America, Europe and Australia.