Nordea Investment Management AB Acquires 5,390 Shares of Pool Corporation $POOL

Nordea Investment Management AB lifted its holdings in shares of Pool Corporation (NASDAQ:POOL) by 3.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 183,802 shares of the specialty retailer’s stock after purchasing an additional 5,390 shares during the period. Nordea Investment Management AB’s holdings in Pool were worth $52,838,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group increased its position in shares of Pool by 53.1% during the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 51 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of Pool during the first quarter worth about $49,000. Geneos Wealth Management Inc. increased its position in shares of Pool by 164.4% during the first quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock worth $50,000 after acquiring an additional 97 shares in the last quarter. Steph & Co. bought a new stake in shares of Pool during the second quarter worth about $49,000. Finally, Blue Trust Inc. increased its position in shares of Pool by 20.3% during the first quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 38 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Pool Stock Up 0.0%

POOL opened at $290.21 on Friday. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. The stock 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. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The company’s 50-day moving average price is $312.84 and its two-hundred day moving average price is $306.67.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $4.99 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, equities analysts expect that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. William Blair restated a “market perform” rating on shares of Pool in a report on Wednesday. KeyCorp assumed coverage on shares of Pool in a report on Tuesday, September 30th. They set a “sector weight” rating on the stock. Oppenheimer boosted their price target on shares of Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a report on Tuesday, July 29th. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Wells Fargo & Company boosted their price target on shares of Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $342.14.

Pool 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.