Wellington Management Group LLP Reduces Position in Pool Corporation $POOL

Wellington Management Group LLP lessened its holdings in shares of Pool Corporation (NASDAQ:POOL) by 10.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,576,219 shares of the specialty retailer’s stock after selling 291,205 shares during the quarter. Wellington Management Group LLP owned about 7.09% of Pool worth $553,629,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Clearstead Advisors LLC lifted its holdings in shares of 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 acquiring an additional 61 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of 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 purchasing an additional 133 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Pool in the 2nd quarter worth $30,000. Covestor Ltd raised its position in Pool by 348.4% in the 4th quarter. Covestor Ltd now owns 139 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 108 shares during the period. Finally, CoreCap Advisors LLC lifted 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 last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on POOL shares. Oppenheimer cut their price target on shares of Pool from $280.00 to $227.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. Bank of America decreased their price objective on Pool from $226.00 to $206.00 and set an “underperform” rating on the stock in a report on Monday, July 20th. Stephens restated an “overweight” rating and set a $225.00 target price on shares of Pool in a report on Thursday, August 20th. DA Davidson began coverage on Pool in a research report on Monday, August 24th. They set a “neutral” rating and a $210.00 price target on the stock. Finally, Robert W. Baird set a $260.00 price target on Pool in a research note on Friday, July 24th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $233.10.

Pool Stock Performance

Shares of NASDAQ:POOL opened at $188.07 on Friday. The company has a current ratio of 2.67, a quick ratio of 0.91 and a debt-to-equity ratio of 1.05. The company has a 50-day moving average price of $199.64 and a 200-day moving average price of $205.07. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 2.54 and a beta of 1.06. Pool Corporation has a 12 month low of $172.68 and a 12 month high of $336.15.

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

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given 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 was Thursday, August 13th. Pool’s dividend payout ratio (DPR) is currently 47.84%.

Pool Company 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.