7,325 Shares in Pool Corporation $POOL Bought by Skylands Capital LLC

Skylands Capital LLC purchased a new stake in Pool Corporation (NASDAQ:POOL) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 7,325 shares of the specialty retailer’s stock, valued at approximately $1,186,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Pool during the 2nd quarter worth $866,576,000. Bank of New York Mellon Corp bought a new stake in shares of Pool in the 2nd quarter worth about $148,216,000. Southpoint Capital Advisors LP raised its stake in shares of Pool by 66.7% in the 1st quarter. Southpoint Capital Advisors LP now owns 500,000 shares of the specialty retailer’s stock valued at $101,165,000 after purchasing an additional 200,000 shares in the last quarter. Corient Private Wealth LP raised its stake in shares of Pool by 59.5% in the 2nd quarter. Corient Private Wealth LP now owns 433,569 shares of the specialty retailer’s stock valued at $93,174,000 after purchasing an additional 161,787 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Pool by 48.0% in the 1st quarter. Bank of America Corp DE now owns 261,402 shares of the specialty retailer’s stock valued at $52,889,000 after purchasing an additional 84,817 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Trending Headlines about Pool

Here are the key news stories impacting Pool this week:

• Positive Sentiment: A broader recovery in the swimming-pool industry could offer an indirect tailwind for Pool Corporation. An article discussing Pentair highlights expectations for a pool-market recovery and potential 2027 growth, which may improve sentiment toward pool-equipment and distribution companies generally. Pentair: Pool Recovery And Taco Synergies Should Drive 2027 Upside
• Neutral Sentiment: Consumer stories about building or purchasing swimming pools and a local pool hall do not provide meaningful information about Pool Corporation’s sales, margins, or outlook. DIY Swimming Pool Materials
• Neutral Sentiment: The PolyPid announcement concerns an unrelated biotechnology company, while the sugar, cryptocurrency, education, and political articles have no identifiable impact on POOL. PolyPid Announces IDWeek Presentation

Pool Stock Performance

Shares of POOL opened at $172.44 on Thursday. The business’s fifty day moving average price is $173.96 and its 200 day moving average price is $190.83. Pool Corporation has a 12-month low of $152.70 and a 12-month high of $303.69. The stock has a market capitalization of $6.27 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 2.64 and a beta of 1.05. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.67 and a quick ratio of 0.91.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $5.38 EPS for the quarter, topping 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 net margin of 7.40% and a return on equity of 32.74%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.17 earnings per share. Equities research analysts forecast that Pool Corporation will post 10.93 EPS for the current year.

Pool Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on POOL shares. Oppenheimer reduced their price target on shares of Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Stephens reissued an “overweight” rating and issued a $225.00 price objective on shares of Pool in a report on Thursday, August 20th. DA Davidson initiated coverage on Pool in a report on Monday, August 24th. They issued a “neutral” rating and a $210.00 price objective for the company. Wells Fargo & Company cut their price objective on Pool from $185.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research note on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Pool has a consensus rating of “Hold” and a consensus price target of $226.70.

Pool Company Profile

Pool Corporation, doing business as POOLCORP, is a wholesale distributor of swimming pool and outdoor living products. The company supplies pool contractors, retailers, builders, and service professionals with products used to construct, renovate, maintain, and enhance residential and commercial pools.

Its product offerings include swimming pool equipment, pumps, filters, heaters, cleaners, lighting, chemicals, replacement parts, and maintenance supplies. POOLCORP also distributes products for outdoor living, including patio and recreational items, as well as irrigation and landscape-related supplies in selected markets.

Founded in 1993 and headquartered in Covington, Louisiana, POOLCORP serves customers through a network of distribution centers and sales operations in the United States, Canada, Europe, and Australia.