Pool (NASDAQ:POOL) Reaches New 12-Month Low – Here’s Why

Pool Corporation (NASDAQ:POOL) shares reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $155.79 and last traded at $155.3120, with a volume of 41396 shares traded. The stock had previously closed at $158.24.

Analyst Upgrades and Downgrades

Several analysts have weighed in on POOL shares. Robert W. Baird set a $260.00 price objective on Pool in a research report on Friday, July 24th. Stephens restated an “overweight” rating and issued a $225.00 target price on shares of Pool in a report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $185.00 target price on shares of Pool in a research note on Friday, July 24th. Bank of America dropped their price target on shares of Pool from $226.00 to $206.00 and set an “underperform” rating for the company in a research report on Monday, July 20th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a report on Tuesday, August 11th. Five 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. According to data from MarketBeat, Pool has an average rating of “Hold” and an average target price of $230.10.

Pool Stock Down 2.0%

The company has a debt-to-equity ratio of 1.05, a current ratio of 2.67 and a quick ratio of 0.91. The stock has a market capitalization of $5.63 billion, a PE ratio of 14.29, a PEG ratio of 2.15 and a beta of 1.05. The company has a 50 day moving average price of $181.57 and a 200-day moving average price of $193.77.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share (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 business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm earned $5.17 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. As a group, analysts forecast that Pool Corporation will post 10.95 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given a dividend of $1.30 per share. The ex-dividend date was Thursday, August 13th. This represents a $5.20 annualized dividend and a dividend yield of 3.4%. Pool’s payout ratio is currently 47.84%.

Institutional Trading of Pool

Institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc grew its holdings in shares of Pool by 117.9% during the 2nd quarter. IFP Advisors Inc now owns 122 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 66 shares during the period. Elevation Wealth Partners LLC grew its stake in Pool by 2,660.0% in the second quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 133 shares during the period. CoreCap Advisors LLC grew its stake in Pool by 214.3% in the second quarter. CoreCap Advisors LLC now owns 154 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 105 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Pool in the second quarter worth $47,000. Finally, Commonwealth Retirement Investments LLC bought a new position in Pool in the fourth quarter worth $61,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

About Pool

Pool Corporation (NASDAQ:POOL) is a distributor of swimming pool supplies, equipment and related products. The company serves professional pool contractors, retailers, builders and service providers, supplying products used to build, renovate, maintain and repair residential and commercial pools.

Its product offerings include pool chemicals, pumps, filters, heaters, cleaners, lighting, replacement parts and safety equipment. Pool also distributes products related to irrigation, landscaping and outdoor living, including patio and recreational products that complement pool installations and backyard projects.

Founded in 1993 and headquartered in Covington, Louisiana, Pool Corporation serves customers through a network of distribution centers and sales locations across North America, Europe and Australia.