Blue Trust Inc. Acquires 55 Shares of Pool Corporation $POOL

Blue Trust Inc. raised its holdings in Pool Corporation (NASDAQ:POOL) by 24.4% in the second quarter, Holdings Channel reports. The firm owned 280 shares of the specialty retailer’s stock after purchasing an additional 55 shares during the period. Blue Trust Inc.’s holdings in Pool were worth $82,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of POOL. GAMMA Investing LLC grew its stake in Pool by 5.7% in the 1st quarter. GAMMA Investing LLC now owns 816 shares of the specialty retailer’s stock valued at $260,000 after purchasing an additional 44 shares during the period. Exchange Traded Concepts LLC grew its stake in Pool by 15.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 484 shares of the specialty retailer’s stock valued at $154,000 after purchasing an additional 63 shares during the period. State of Alaska Department of Revenue grew its stake in Pool by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 4,457 shares of the specialty retailer’s stock valued at $1,418,000 after purchasing an additional 115 shares during the period. Osborne Partners Capital Management LLC grew its stake in Pool by 2.1% in the 1st quarter. Osborne Partners Capital Management LLC now owns 33,455 shares of the specialty retailer’s stock valued at $10,650,000 after purchasing an additional 692 shares during the period. Finally, Covea Finance bought a new position in Pool in the 1st quarter valued at $1,910,000. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

NASDAQ:POOL opened at $290.21 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52. Pool Corporation has a 52-week low of $282.22 and a 52-week high of $395.60. The firm has a market cap of $10.83 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 3.96 and a beta of 1.11. The business’s fifty day moving average is $312.84 and its 200 day moving average is $306.80.

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 analysts’ consensus estimates of $5.12 by $0.05. Pool had a return on equity of 30.99% and a net margin of 7.79%.The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the company posted $4.99 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Research analysts predict that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Pool in a research note on Wednesday, October 8th. Wells Fargo & Company upped their price target on Pool from $300.00 to $320.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Wall Street Zen raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. William Blair reaffirmed a “market perform” rating on shares of Pool in a research report on Wednesday. Finally, Robert W. Baird upped their price target on Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $342.14.

Pool Company Profile

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.