Pool (NASDAQ:POOL) Reaches New 12-Month Low – What’s Next?

Pool Corporation (NASDAQ:POOL) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $231.53 and last traded at $233.88, with a volume of 939910 shares. The stock had previously closed at $240.24.

Wall Street Analyst Weigh In

POOL has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research report on Thursday, November 13th. Oppenheimer boosted their price target on shares of Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. KeyCorp assumed coverage on shares of Pool in a research report on Tuesday, September 30th. They issued a “sector weight” rating on the stock. Finally, Robert W. Baird set a $345.00 target price on shares of Pool in a research report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $337.86.

Pool Trading Down 2.6%

The business’s 50 day moving average is $289.00 and its two-hundred day moving average is $300.82. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $8.71 billion, a P/E ratio of 21.32, a PEG ratio of 3.94 and a beta of 1.13.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.46 billion. Pool had a net margin of 7.77% and a return on equity of 31.40%. Pool’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.26 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Analysts expect that Pool Corporation will post 11.32 EPS for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.1%. Pool’s dividend payout ratio (DPR) is 45.58%.

Institutional Investors Weigh In On Pool

A number of institutional investors have recently added to or reduced their stakes in the company. CNB Bank raised its stake in shares of Pool by 4.1% in the 3rd quarter. CNB Bank now owns 918 shares of the specialty retailer’s stock worth $285,000 after buying an additional 36 shares in the last quarter. Cim LLC grew its holdings in Pool by 1.3% during the first quarter. Cim LLC now owns 2,993 shares of the specialty retailer’s stock worth $953,000 after acquiring an additional 38 shares during the period. Keybank National Association OH lifted its holdings in Pool by 4.2% in the 3rd quarter. Keybank National Association OH now owns 999 shares of the specialty retailer’s stock valued at $310,000 after acquiring an additional 40 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Pool by 22.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 227 shares of the specialty retailer’s stock valued at $70,000 after acquiring an additional 41 shares during the last quarter. Finally, Whittier Trust Co. grew its stake in shares of Pool by 14.0% in the 2nd quarter. Whittier Trust Co. now owns 375 shares of the specialty retailer’s stock worth $109,000 after purchasing an additional 46 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

About Pool

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.