Stance Capital LLC Purchases New Shares in Pool Corporation $POOL

Stance Capital LLC acquired a new position in Pool Corporation (NASDAQ:POOL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,250 shares of the specialty retailer’s stock, valued at approximately $947,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cim Investment Management Inc. boosted its stake in shares of Pool by 99.7% during the 2nd quarter. Cim Investment Management Inc. now owns 2,428 shares of the specialty retailer’s stock valued at $768,000 after purchasing an additional 1,212 shares in the last quarter. Cim LLC raised its position in shares of Pool by 8.2% in the 2nd quarter. Cim LLC now owns 3,239 shares of the specialty retailer’s stock worth $944,000 after acquiring an additional 246 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Pool in the 2nd quarter valued at approximately $346,000. Westwood Holdings Group Inc. bought a new stake in shares of Pool during the second quarter valued at approximately $1,663,000. Finally, Caxton Associates LLP purchased a new stake in Pool in the second quarter worth $1,113,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Trading Down 0.0%

Shares of NASDAQ POOL opened at $240.27 on Monday. The company has a market cap of $8.95 billion, a PE ratio of 21.90, a P/E/G ratio of 4.51 and a beta of 1.23. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57. The firm’s 50 day moving average price is $263.34 and its 200-day moving average price is $292.84. Pool Corporation has a 52-week low of $229.63 and a 52-week high of $374.74.

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

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was 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%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on POOL. William Blair restated a “market perform” rating on shares of Pool in a report on Wednesday, October 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a research note on Monday, December 8th. The Goldman Sachs Group set a $360.00 price objective on shares of Pool and gave the stock a “buy” rating in a report on Thursday, October 23rd. KeyCorp began coverage on shares of Pool in a report on Tuesday, September 30th. They set a “sector weight” rating for the company. Finally, Guggenheim initiated coverage on Pool in a research note on Wednesday, October 8th. They issued a “neutral” rating on the stock. 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 data from MarketBeat.com, Pool has a consensus rating of “Hold” and an average price target of $337.86.

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.