11,390 Shares in Pool Corporation $POOL Bought by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new stake in Pool Corporation (NASDAQ:POOL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,390 shares of the specialty retailer’s stock, valued at approximately $2,448,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Pool during the 2nd quarter valued at about $866,576,000. T. Rowe Price Investment Management Inc. boosted its stake in Pool by 3,831.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,001,987 shares of the specialty retailer’s stock worth $457,955,000 after buying an additional 1,951,070 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Pool during the second quarter valued at approximately $148,216,000. Norges Bank purchased a new position in shares of Pool during the fourth quarter worth approximately $97,612,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Pool by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock worth $794,825,000 after acquiring an additional 357,643 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Up 1.1%

Shares of Pool stock opened at $188.07 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.91 and a current ratio of 2.67. Pool Corporation has a 52-week low of $172.68 and a 52-week high of $336.15. The company’s 50 day moving average price is $199.64 and its 200-day moving average price is $205.07. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 2.52 and a beta of 1.06.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 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 analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $5.17 EPS. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Equities research analysts forecast that Pool Corporation will post 10.95 EPS for the current year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, August 13th. Pool’s dividend payout ratio is 47.84%.

Analysts Set New Price Targets

POOL has been the topic of several recent research reports. Stephens reaffirmed an “overweight” rating and set a $225.00 target price on shares of Pool in a report on Thursday, August 20th. Oppenheimer cut their price target on shares of Pool from $280.00 to $227.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. Robert W. Baird set a $260.00 price objective on Pool in a research note on Friday, July 24th. Bank of America decreased their price objective on Pool from $226.00 to $206.00 and set an “underperform” rating on the stock in a report on Monday, July 20th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a research note on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.