Hsbc Holdings PLC Increases Position in Pool Corporation $POOL

Hsbc Holdings PLC increased its stake in Pool Corporation (NASDAQ:POOL) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,063 shares of the specialty retailer’s stock after purchasing an additional 824 shares during the quarter. Hsbc Holdings PLC’s holdings in Pool were worth $26,365,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Whipplewood Advisors LLC increased its holdings in shares of Pool by 471.4% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. City Holding Co. purchased a new position in shares of Pool in the 1st quarter valued at about $26,000. Versant Capital Management Inc increased its holdings in shares of Pool by 790.9% in the 1st quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Sentry Investment Management LLC purchased a new position in shares of Pool in the 1st quarter valued at about $30,000. Finally, FWL Investment Management LLC purchased a new position in shares of Pool in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on POOL shares. Stephens cut their price target on shares of Pool from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Robert W. Baird raised their target price on shares of Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Stifel Nicolaus set a $300.00 target price on shares of Pool in a report on Friday, April 25th. Finally, Wells Fargo & Company raised their target price on shares of Pool from $300.00 to $320.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $342.14.

Pool Stock Performance

Shares of NASDAQ POOL opened at $323.73 on Friday. The company has a market cap of $12.08 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 4.27 and a beta of 1.07. Pool Corporation has a 12 month low of $282.22 and a 12 month high of $395.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87. The company has a 50-day simple moving average of $306.10 and a 200-day simple moving average of $313.70.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.05. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.99 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, equities analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be issued a dividend of $1.25 per share. The ex-dividend date is Thursday, August 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.5%. Pool’s payout ratio is 46.13%.

Pool announced that its Board of Directors has approved a share repurchase program on Wednesday, April 30th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the specialty retailer to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Pool Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.