Diversify Wealth Management LLC Has $1.67 Million Stake in Pool Corporation $POOL

Diversify Wealth Management LLC lifted its stake in Pool Corporation (NASDAQ:POOL) by 48.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 7,975 shares of the specialty retailer’s stock after purchasing an additional 2,609 shares during the quarter. Diversify Wealth Management LLC’s holdings in Pool were worth $1,672,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Pool during the 1st quarter worth $400,000. Millennium Management LLC raised its stake in Pool by 237.9% in the first quarter. Millennium Management LLC now owns 17,390 shares of the specialty retailer’s stock valued at $5,536,000 after purchasing an additional 12,244 shares in the last quarter. Empowered Funds LLC acquired a new position in Pool in the first quarter valued at about $639,000. Geneos Wealth Management Inc. lifted its position in 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 purchasing an additional 97 shares during the period. Finally, Acadian Asset Management LLC lifted its position in Pool by 201.2% during the first quarter. Acadian Asset Management LLC now owns 2,012 shares of the specialty retailer’s stock worth $639,000 after purchasing an additional 1,344 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Down 0.4%

Shares of NASDAQ POOL opened at $210.07 on Wednesday. Pool Corporation has a 12-month low of $172.68 and a 12-month high of $345.00. The company has a quick ratio of 0.55, a current ratio of 1.87 and a debt-to-equity ratio of 1.09. The firm has a market cap of $7.66 billion, a PE ratio of 19.33, a P/E/G ratio of 2.67 and a beta of 1.05. The company’s fifty day simple moving average is $193.85 and its 200 day simple moving average is $218.06.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.09. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.82 billion. Pool had a net margin of 7.57% and a return on equity of 32.37%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 earnings per share. Pool has set its FY 2026 guidance at 10.870-11.170 EPS. As a group, sell-side analysts forecast that Pool Corporation will post 11.08 earnings per share for the current fiscal year.

Pool declared that its board has authorized a stock buyback program on Wednesday, April 29th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Pool Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were issued a $1.30 dividend. The ex-dividend date was Thursday, May 14th. This is an increase from Pool’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a yield of 2.5%. Pool’s dividend payout ratio is currently 47.84%.

Insider Transactions at Pool

In other news, Director James D. Hope bought 464 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average cost of $194.41 per share, for a total transaction of $90,206.24. Following the acquisition, the director directly owned 3,678 shares in the company, valued at approximately $715,039.98. This trade represents a 14.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David G. Whalen purchased 525 shares of Pool stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of $190.44 per share, with a total value of $99,981.00. Following the transaction, the director owned 8,936 shares in the company, valued at $1,701,771.84. This trade represents a 6.24% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 21,989 shares of company stock worth $4,042,747 in the last three months. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on POOL shares. Wall Street Zen raised shares of Pool from a “sell” rating to a “hold” rating in a report on Monday, April 27th. Bank of America cut their price objective on Pool from $229.00 to $226.00 and set an “underperform” rating on the stock in a report on Monday, April 20th. Wells Fargo & Company dropped their price target on shares of Pool from $230.00 to $215.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Zacks Research upgraded shares of Pool from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings downgraded Pool from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $264.50.

Pool Profile

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.