Pool (NASDAQ:POOL) Reaches New 52-Week Low – Here’s Why

Shares of Pool Corporation (NASDAQ:POOL) hit a new 52-week low during trading on Thursday. The company traded as low as $158.97 and last traded at $159.78, with a volume of 56431 shares. The stock had previously closed at $161.87.

Analysts Set New Price Targets

A number of brokerages have issued reports on POOL. Deutsche Bank Aktiengesellschaft set a $185.00 price objective on shares of Pool in a research report on Friday, July 24th. Stephens reaffirmed an “overweight” rating and set a $225.00 target price on shares of Pool in a research note on Thursday, August 20th. Stifel Nicolaus reduced their price target on shares of Pool from $235.00 to $189.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. DA Davidson began coverage on shares of Pool in a research note on Monday, August 24th. They issued a “neutral” rating and a $210.00 price target for the company. Finally, Bank of America decreased their price target on shares of Pool from $226.00 to $206.00 and set an “underperform” rating for the company in a research note on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $230.10.

Pool Trading Down 1.6%

The stock’s fifty day moving average price is $183.65 and its 200 day moving average price is $195.12. The stock has a market cap of $5.79 billion, a P/E ratio of 14.66, a PEG ratio of 2.20 and a beta of 1.06. The company has a current ratio of 2.67, a quick ratio of 0.91 and a debt-to-equity ratio of 1.05.

Pool (NASDAQ:POOL) last issued its quarterly 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 net margin of 7.40% and a return on equity of 32.74%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the business earned $5.17 EPS. Pool’s quarterly revenue was up 2.2% compared to the same quarter last year. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Equities research analysts expect that Pool Corporation will post 10.95 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Thursday, August 13th. Pool’s dividend payout ratio (DPR) is presently 47.84%.

Institutional Trading of Pool

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Pool during the 2nd quarter valued at approximately $866,576,000. T. Rowe Price Investment Management Inc. boosted its holdings in Pool by 3,831.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,001,987 shares of the specialty retailer’s stock worth $457,955,000 after acquiring an additional 1,951,070 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Pool in the second quarter worth $148,216,000. Southpoint Capital Advisors LP grew its stake in shares of Pool by 66.7% in the first quarter. Southpoint Capital Advisors LP now owns 500,000 shares of the specialty retailer’s stock worth $101,165,000 after acquiring an additional 200,000 shares during the last quarter. Finally, Corient Private Wealth LP increased its holdings in shares of Pool by 59.5% during the second quarter. Corient Private Wealth LP now owns 433,569 shares of the specialty retailer’s stock valued at $93,174,000 after acquiring an additional 161,787 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Company Profile

Pool Corporation (NASDAQ:POOL) is a distributor of swimming pool supplies, equipment and related products. The company serves professional pool contractors, retailers, builders and service providers, supplying products used to build, renovate, maintain and repair residential and commercial pools.

Its product offerings include pool chemicals, pumps, filters, heaters, cleaners, lighting, replacement parts and safety equipment. Pool also distributes products related to irrigation, landscaping and outdoor living, including patio and recreational products that complement pool installations and backyard projects.

Founded in 1993 and headquartered in Covington, Louisiana, Pool Corporation serves customers through a network of distribution centers and sales locations across North America, Europe and Australia.