WCM Investment Management LLC Raises Stock Position in Pool Corporation $POOL

WCM Investment Management LLC raised its stake in shares of Pool Corporation (NASDAQ:POOL) by 21.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,568 shares of the specialty retailer’s stock after purchasing an additional 1,349 shares during the quarter. WCM Investment Management LLC’s holdings in Pool were worth $2,216,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake in shares of Pool by 20.3% in the 1st quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 38 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Pool by 4.4% in the 1st quarter. First Horizon Advisors Inc. now owns 901 shares of the specialty retailer’s stock worth $287,000 after purchasing an additional 38 shares during the period. Cim LLC lifted its stake in shares of Pool by 1.3% in the 1st quarter. Cim LLC now owns 2,993 shares of the specialty retailer’s stock worth $953,000 after purchasing an additional 38 shares during the period. GAMMA Investing LLC lifted its stake in shares of Pool by 5.7% in the 1st quarter. GAMMA Investing LLC now owns 816 shares of the specialty retailer’s stock worth $260,000 after purchasing an additional 44 shares during the period. Finally, Brooklyn Investment Group lifted its stake in shares of Pool by 53.1% in the 1st quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 51 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Robert W. Baird raised their target price on shares of Pool from $310.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Oppenheimer raised their target price on shares of Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 29th. Finally, William Blair restated a “market perform” rating on shares of Pool in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $342.14.

Pool Trading Down 0.1%

Pool stock opened at $290.17 on Friday. The stock has a market cap of $10.83 billion, a P/E ratio of 26.77, a PEG ratio of 3.97 and a beta of 1.11. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87. Pool Corporation has a 1 year low of $282.22 and a 1 year high of $395.60. The firm’s 50 day moving average price is $313.15 and its 200-day moving average price is $306.99.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.05. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $4.99 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, equities analysts predict that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $1.25 per share. The ex-dividend date was Thursday, August 14th. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. Pool’s dividend payout ratio (DPR) is presently 46.13%.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.