12,089 Shares in Pool Corporation $POOL Purchased by Bank of Nova Scotia

Bank of Nova Scotia acquired a new stake in shares of Pool Corporation (NASDAQ:POOL) during the second quarter, HoldingsChannel reports. The fund acquired 12,089 shares of the specialty retailer’s stock, valued at approximately $2,598,000.

Several other institutional investors also recently bought and sold shares of POOL. CYBER HORNET ETFs LLC acquired a new position in shares of Pool during the second quarter worth $30,000. MUFG Securities EMEA plc purchased a new position in Pool during the 2nd quarter worth $33,000. Clearstead Advisors LLC grew its stake in Pool by 100.0% during the 4th quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer’s stock worth $28,000 after buying an additional 61 shares during the last quarter. Elevation Wealth Partners LLC grew its stake in Pool by 2,660.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer’s stock worth $30,000 after buying an additional 133 shares during the last quarter. Finally, Covestor Ltd increased its position in Pool by 348.4% during the 4th quarter. Covestor Ltd now owns 139 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 108 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Trading Up 1.1%

Shares of NASDAQ:POOL opened at $188.38 on Thursday. Pool Corporation has a 52-week low of $172.68 and a 52-week high of $336.15. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 2.52 and a beta of 1.06. The company has a quick ratio of 0.91, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. The business has a 50-day moving average price of $200.11 and a 200-day moving average price of $205.75.

Pool (NASDAQ:POOL) last issued its earnings results 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 return on equity of 32.74% and a net margin of 7.40%.The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the firm earned $5.17 earnings per share. Pool’s revenue for the quarter was up 2.2% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Equities analysts predict that Pool Corporation will post 10.94 EPS for the current year.

Pool declared that its board has initiated a share repurchase plan on Wednesday, April 29th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the specialty retailer to repurchase up to 7.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Pool Dividend Announcement

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

Analyst Upgrades and Downgrades

POOL has been the topic of a number of research analyst reports. Oppenheimer dropped their price target on Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. DA Davidson began coverage on shares of Pool in a research report on Monday. They issued a “neutral” rating and a $210.00 price objective for the company. Stephens reissued an “overweight” rating and set a $225.00 target price on shares of Pool in a research report on Thursday, August 20th. Stifel Nicolaus cut their price target on shares of Pool from $235.00 to $189.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Finally, Bank of America decreased their price target on shares of Pool from $226.00 to $206.00 and set an “underperform” rating for the company in a report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $233.10.

Key Headlines Impacting Pool

Here are the key news stories impacting Pool this week:

• Positive Sentiment: DA Davidson upgraded Pool to “Hold.” The change likely offers some support because it represents an improvement from the firm’s previous rating, although a Hold remains a cautious view rather than a bullish endorsement. Zacks.com

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.