Cullen Capital Management LLC Makes New $603,000 Investment in Pool Corporation $POOL

Cullen Capital Management LLC purchased a new stake in shares of Pool Corporation (NASDAQ:POOL) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 2,804 shares of the specialty retailer’s stock, valued at approximately $603,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearstead Advisors LLC grew its stake in shares of Pool by 100.0% during 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 last quarter. Elevation Wealth Partners LLC lifted its stake in shares of Pool by 2,660.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 133 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Pool during the 2nd quarter valued at $30,000. Covestor Ltd grew its position in Pool by 348.4% in the 4th quarter. Covestor Ltd now owns 139 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 108 shares during the last quarter. Finally, CoreCap Advisors LLC grew its position in Pool by 214.3% in the 2nd quarter. CoreCap Advisors LLC now owns 154 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 105 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

POOL has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Pool in a report on Tuesday, August 11th. Robert W. Baird set a $260.00 target price on shares of Pool in a research note on Friday, July 24th. Oppenheimer reduced their target price 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. Bank of America decreased their price target on shares of Pool from $226.00 to $206.00 and set an “underperform” rating for the company in a research note on Monday, July 20th. Finally, DA Davidson assumed coverage on Pool in a report on Monday. They issued a “neutral” rating and a $210.00 price target for the company. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Pool presently has a consensus rating of “Hold” and an average target price of $233.10.

Pool Price Performance

Shares of POOL opened at $186.36 on Wednesday. The company has a 50 day moving average of $200.23 and a two-hundred day moving average of $206.24. The company has a quick ratio of 0.91, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. Pool Corporation has a twelve month low of $172.68 and a twelve month high of $336.15. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.05. Pool had a return on equity of 32.74% and a net margin of 7.40%.The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $5.17 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. As a group, analysts predict that Pool Corporation will post 10.94 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, August 13th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.8%. Pool’s payout ratio is presently 47.84%.

Pool declared that its Board of Directors has approved a stock buyback plan on Wednesday, April 29th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.