Campbell & CO Investment Adviser LLC Makes New $1.09 Million Investment in Pool Corporation $POOL

Campbell & CO Investment Adviser LLC purchased a new position in Pool Corporation (NASDAQ:POOL) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 3,731 shares of the specialty retailer’s stock, valued at approximately $1,088,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of Pool in the 1st quarter worth approximately $1,084,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Pool by 17.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,755 shares of the specialty retailer’s stock worth $22,525,000 after purchasing an additional 10,421 shares during the period. Geneva Capital Management LLC boosted its stake in Pool by 11.1% during the 2nd quarter. Geneva Capital Management LLC now owns 96,966 shares of the specialty retailer’s stock valued at $28,264,000 after purchasing an additional 9,673 shares in the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of Pool by 127.1% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 8,494 shares of the specialty retailer’s stock valued at $2,704,000 after purchasing an additional 4,753 shares during the period. Finally, Comerica Bank raised its stake in shares of Pool by 17.8% in the 1st quarter. Comerica Bank now owns 29,111 shares of the specialty retailer’s stock worth $9,268,000 after buying an additional 4,407 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

POOL has been the subject of several research reports. Wall Street Zen raised Pool from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. KeyCorp assumed coverage on shares of Pool in a research report on Tuesday, September 30th. They set a “sector weight” rating for the company. Weiss Ratings cut shares of Pool from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. The Goldman Sachs Group set a $360.00 target price on shares of Pool and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Oppenheimer raised their target price on shares of Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a report on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $337.86.

Pool Stock Down 1.5%

POOL stock opened at $250.54 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.57 and a quick ratio of 0.87. The firm has a market capitalization of $9.33 billion, a P/E ratio of 22.84, a P/E/G ratio of 3.94 and a beta of 1.13. Pool Corporation has a 52-week low of $242.10 and a 52-week high of $395.60. The company’s 50 day simple moving average is $297.46 and its 200-day simple moving average is $302.79.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.01. Pool had a net margin of 7.77% and a return on equity of 31.40%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the company posted $3.26 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, equities research analysts anticipate that Pool Corporation will post 11.32 EPS for the current year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 12th. Pool’s payout ratio is presently 45.58%.

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.