Waratah Capital Advisors Ltd. Invests $3.74 Million in Pool Corporation $POOL

Waratah Capital Advisors Ltd. purchased a new stake in shares of Pool Corporation (NASDAQ:POOL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 12,821 shares of the specialty retailer’s stock, valued at approximately $3,737,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Clearstead Trust LLC bought a new stake in shares of Pool during the second quarter worth $25,000. Chilton Capital Management LLC bought a new stake in Pool during the 2nd quarter worth $30,000. Mid American Wealth Advisory Group Inc. acquired a new position in Pool in the 2nd quarter worth about $34,000. Brooklyn Investment Group raised its position in Pool by 53.1% in the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 51 shares during the last quarter. Finally, WPG Advisers LLC acquired a new stake in shares of Pool during the first quarter valued at about $49,000. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

Shares of POOL opened at $242.32 on Friday. The firm has a market capitalization of $9.03 billion, a P/E ratio of 22.09, a P/E/G ratio of 3.94 and a beta of 1.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57. Pool Corporation has a 52 week low of $241.90 and a 52 week high of $395.60. The stock has a 50 day moving average price of $294.25 and a two-hundred day moving average price of $302.11.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.01. Pool had a return on equity of 31.40% and a net margin of 7.77%.The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company posted $3.26 earnings per share. Pool’s 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. Equities analysts forecast that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 12th. Pool’s dividend payout ratio (DPR) is presently 45.58%.

Analyst Ratings Changes

Several research firms have recently issued reports on POOL. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pool in a research note on Thursday. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. William Blair reaffirmed a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. The Goldman Sachs Group set a $360.00 price target on Pool and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Oppenheimer increased their target price on shares of Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $337.86.

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.