Fisher Asset Management LLC Cuts Position in Pool Corporation $POOL

Fisher Asset Management LLC lessened its position in Pool Corporation (NASDAQ:POOL) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,045 shares of the specialty retailer’s stock after selling 3,397 shares during the quarter. Fisher Asset Management LLC’s holdings in Pool were worth $57,067,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc boosted its holdings in shares of Pool by 136.3% in the 2nd quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock worth $1,008,196,000 after purchasing an additional 1,994,885 shares in the last quarter. Invesco Ltd. boosted its stake in Pool by 11.1% in the second quarter. Invesco Ltd. now owns 699,628 shares of the specialty retailer’s stock worth $203,928,000 after buying an additional 70,075 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Pool by 35.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock worth $179,564,000 after buying an additional 160,878 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Pool by 0.3% during the third quarter. Envestnet Asset Management Inc. now owns 438,476 shares of the specialty retailer’s stock valued at $135,958,000 after acquiring an additional 1,337 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Pool during the second quarter worth approximately $113,617,000. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 0.4%

POOL opened at $221.22 on Wednesday. Pool Corporation has a one year low of $210.67 and a one year high of $374.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 0.59. The business has a 50 day simple moving average of $247.71 and a two-hundred day simple moving average of $269.61. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.77 and a beta of 1.25.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, February 19th. The specialty retailer reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.15). The business had revenue of $982.21 million during the quarter, compared to the consensus estimate of $999.14 million. Pool had a return on equity of 31.49% and a net margin of 7.67%.Pool’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 earnings per share. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. Analysts predict 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 Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a $1.25 dividend. The ex-dividend date is Thursday, March 12th. This represents a $5.00 annualized dividend and a yield of 2.3%. Pool’s dividend payout ratio is 46.13%.

Insider Activity

In related news, SVP Romain Kenneth G. St purchased 5,560 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was bought at an average cost of $218.67 per share, with a total value of $1,215,805.20. Following the completion of the purchase, the senior vice president directly owned 82,845 shares in the company, valued at approximately $18,115,716.15. This represents a 7.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Melanie M. Hart sold 2,750 shares of Pool stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $220.00, for a total value of $605,000.00. Following the sale, the chief financial officer directly owned 18,039 shares in the company, valued at approximately $3,968,580. The trade was a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on POOL. Stifel Nicolaus cut their price objective on shares of Pool from $240.00 to $232.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. The Goldman Sachs Group cut their price target on shares of Pool from $360.00 to $310.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft set a $246.00 price objective on Pool in a report on Friday, February 20th. Robert W. Baird dropped their target price on Pool from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Finally, Oppenheimer reduced their price target on Pool from $346.00 to $280.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Pool has a consensus rating of “Hold” and a consensus target price of $281.50.

About Pool

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.