Elevation Point Wealth Partners LLC Invests $947,000 in Pool Corporation $POOL

Elevation Point Wealth Partners LLC acquired a new stake in Pool Corporation (NASDAQ:POOL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,406 shares of the specialty retailer’s stock, valued at approximately $947,000.

Other hedge funds have also recently bought and sold shares of the company. Deprince Race & Zollo Inc. lifted its position in Pool by 197.5% during the first 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 period. Schwartz Investment Counsel Inc. acquired a new position in shares of Pool during the 4th quarter valued at about $4,575,000. King Luther Capital Management Corp increased its stake in shares of Pool by 236.4% during the 4th quarter. King Luther Capital Management Corp now owns 11,146 shares of the specialty retailer’s stock valued at $2,550,000 after acquiring an additional 7,833 shares during the last quarter. CenterBook Partners LP purchased a new position in shares of Pool during the 4th quarter worth about $3,381,000. Finally, LRT Capital Management LLC acquired a new stake in shares of Pool in the fourth quarter worth approximately $1,188,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Up 0.1%

Shares of Pool stock opened at $188.24 on Tuesday. Pool Corporation has a twelve month low of $172.68 and a twelve month high of $336.15. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 2.54 and a beta of 1.06. 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 company has a fifty day moving average price of $200.47 and a 200 day moving average price of $206.76.

Pool (NASDAQ:POOL) last issued 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. Pool had a return on equity of 32.74% and a net margin of 7.40%.The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm posted $5.17 earnings per share. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Equities research analysts forecast that Pool Corporation will post 10.94 earnings per share for the current fiscal year.

Pool announced that its board has initiated a stock buyback program on Wednesday, April 29th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the specialty retailer to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given 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 presently 47.84%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Zacks Research raised shares of Pool from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. DA Davidson set a $210.00 price objective on Pool in a report on Monday. Deutsche Bank Aktiengesellschaft set a $185.00 target price on Pool in a research report on Friday, July 24th. Stephens reissued an “overweight” rating and set a $225.00 price target on shares of Pool in a research report on Thursday, August 20th. Finally, Stifel Nicolaus dropped their price target on Pool from $235.00 to $189.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Five 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 stock. According to data from MarketBeat, Pool currently has a consensus rating of “Hold” and an average target price 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.