Elevation Point Wealth Partners LLC Invests $947,000 in Pool Corporation $POOL

Elevation Point Wealth Partners LLC purchased a new stake in shares of Pool Corporation (NASDAQ:POOL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 4,406 shares of the specialty retailer’s stock, valued at approximately $947,000.

Several other large investors have also recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. lifted its position in shares of Pool by 197.5% in the 1st quarter. Deprince Race & Zollo Inc. now owns 170,676 shares of the specialty retailer’s stock worth $34,533,000 after buying an additional 113,306 shares during the last quarter. Schwartz Investment Counsel Inc. bought a new stake in shares of Pool during the 4th quarter valued at about $4,575,000. King Luther Capital Management Corp raised its stake in Pool by 236.4% during the fourth quarter. King Luther Capital Management Corp now owns 11,146 shares of the specialty retailer’s stock worth $2,550,000 after acquiring an additional 7,833 shares during the period. CenterBook Partners LP bought a new position in Pool in the fourth quarter worth about $3,381,000. Finally, LRT Capital Management LLC bought a new position in Pool in the fourth quarter worth about $1,188,000. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Up 0.1%

POOL stock opened at $188.24 on Tuesday. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 2.54 and a beta of 1.06. The company has a fifty day moving average price of $200.47 and a 200 day moving average price of $206.76. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.67 and a quick ratio of 0.91. Pool Corporation has a 12 month low of $172.68 and a 12 month high of $336.15.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $5.38 EPS for the quarter, beating analysts’ consensus estimates of $5.33 by $0.05. Pool had a net margin of 7.40% and a return on equity of 32.74%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business posted $5.17 earnings per share. Pool’s quarterly revenue was up 2.2% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Sell-side analysts expect that Pool Corporation will post 10.94 earnings per share for the current year.

Pool announced that its board has approved a stock buyback program on Wednesday, April 29th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the specialty retailer to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, August 13th. Pool’s dividend payout ratio (DPR) is presently 47.84%.

Analyst Upgrades and Downgrades

POOL has been the subject of several analyst reports. Zacks Research raised Pool from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Oppenheimer dropped their price target on shares of Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Bank of America cut their price objective on shares of Pool from $226.00 to $206.00 and set an “underperform” rating on the stock in a report on Monday, July 20th. DA Davidson set a $210.00 target price on shares of Pool in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft set a $185.00 price target on shares of Pool in a research note on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $233.10.

Pool Company 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.