Freestone Grove Partners LP Takes $2.45 Million Position in Pool Corporation $POOL

Freestone Grove Partners LP bought a new stake in shares of Pool Corporation (NASDAQ:POOL) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,390 shares of the specialty retailer’s stock, valued at approximately $2,448,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Clearstead Advisors LLC raised its holdings in Pool by 100.0% in the 4th quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 61 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Pool in the second quarter worth about $30,000. Elevation Wealth Partners LLC boosted its position in Pool by 2,660.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 133 shares in the last quarter. Covestor Ltd grew its holdings in shares of Pool by 348.4% during the 4th quarter. Covestor Ltd now owns 139 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 108 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in shares of Pool in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on POOL shares. Robert W. Baird set a $260.00 price target on Pool in a research report on Friday, July 24th. Stifel Nicolaus dropped their target price on shares of Pool from $235.00 to $189.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Oppenheimer dropped their target price on shares of Pool from $280.00 to $227.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. Bank of America reduced their target price on shares of Pool from $226.00 to $206.00 and set an “underperform” rating on the stock in a research report on Monday, July 20th. Finally, DA Davidson initiated coverage on shares of Pool in a research note on Monday. They issued a “neutral” rating and a $210.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Pool has a consensus rating of “Hold” and a consensus price target of $233.10.

Pool Stock Performance

Shares of POOL opened at $188.07 on Friday. 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 stock has a market cap of $6.83 billion, a P/E ratio of 17.30, a P/E/G ratio of 2.52 and a beta of 1.06. The business’s 50 day moving average price is $199.64 and its 200-day moving average price is $205.07. Pool Corporation has a 52 week low of $172.68 and a 52 week high of $336.15.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.05. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.82 billion. Pool had a return on equity of 32.74% and a net margin of 7.40%.The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $5.17 EPS. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Equities research analysts anticipate that Pool Corporation will post 10.95 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, August 13th. Pool’s dividend payout ratio is currently 47.84%.

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.