JPMorgan Chase & Co. Sells 41,067 Shares of Pool Corporation $POOL

JPMorgan Chase & Co. reduced its position in Pool Corporation (NASDAQ:POOL) by 13.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,006 shares of the specialty retailer’s stock after selling 41,067 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.74% of Pool worth $84,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Berkshire Hathaway Inc lifted its stake in shares of Pool by 136.3% during the 2nd quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock valued at $1,008,196,000 after buying an additional 1,994,885 shares in the last quarter. Invesco Ltd. raised its holdings in Pool by 11.1% during the second quarter. Invesco Ltd. now owns 699,628 shares of the specialty retailer’s stock valued at $203,928,000 after acquiring an additional 70,075 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Pool by 35.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock valued at $179,564,000 after acquiring an additional 160,878 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Pool by 0.3% in the third quarter. Envestnet Asset Management Inc. now owns 438,476 shares of the specialty retailer’s stock worth $135,958,000 after acquiring an additional 1,337 shares during the period. Finally, Norges Bank purchased a new stake in shares of Pool during the second quarter worth about $113,617,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on POOL shares. Wells Fargo & Company decreased their target price on Pool from $275.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Friday. Robert W. Baird reduced their price objective on shares of Pool from $320.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft set a $246.00 target price on shares of Pool in a report on Friday. The Goldman Sachs Group cut their target price on shares of Pool from $360.00 to $310.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Finally, Cfra upgraded shares of Pool from a “hold” rating to a “buy” rating and set a $304.00 price target on the stock in a report on Monday, December 22nd. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $289.75.

Pool Price Performance

POOL stock opened at $218.50 on Tuesday. Pool Corporation has a 52 week low of $211.56 and a 52 week high of $374.74. The firm has a market capitalization of $8.14 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 4.10 and a beta of 1.22. The company has a fifty day simple moving average of $249.28 and a two-hundred day simple moving average of $273.68. The company has a quick ratio of 0.59, a current ratio of 2.24 and a debt-to-equity ratio of 1.00.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, February 19th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.15). Pool had a net margin of 7.67% and a return on equity of 31.49%. The business had revenue of $982.21 million for the quarter, compared to analysts’ expectations of $999.14 million. During the same quarter in the prior year, the company posted $0.97 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. Analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

About Pool

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.