235,194 Shares in Pool Corporation $POOL Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 235,194 Pool shares in the second quarter, valued at approximately $50.5 million and representing about 0.65% of the company. Institutional investors collectively own 98.99% of Pool.
• Analyst sentiment is mixed but leans toward “Hold,” with an average price target of $230.10. Several firms recently cut their targets, while ratings include five Buys, seven Holds, and two Sells.
• Pool reported quarterly earnings of $5.38 per share, slightly exceeding estimates, on $1.82 billion in revenue. The company also paid a quarterly dividend of $1.30 per share, equivalent to a 3.1% annualized yield.

Bank of America Corp DE acquired a new position in Pool Corporation (NASDAQ:POOL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 235,194 shares of the specialty retailer's stock, valued at approximately $50,543,000. Bank of America Corp DE owned approximately 0.65% of Pool as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Freestone Grove Partners LP purchased a new stake in Pool during the second quarter worth $2,448,000. Man Group plc purchased a new position in shares of Pool in the second quarter valued at $1,499,000. Polar Asset Management Partners Inc. acquired a new position in shares of Pool during the 2nd quarter worth $11,132,000. Jupiter Topco LLC acquired a new position in shares of Pool during the 2nd quarter worth $7,125,000. Finally, Stanley Capital Management LLC purchased a new stake in shares of Pool in the 2nd quarter worth about $13,324,000. Institutional investors and hedge funds own 98.99% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America reduced their price target on shares of Pool from $226.00 to $206.00 and set an "underperform" rating on the stock in a report on Monday, July 20th. Stifel Nicolaus reduced their target price on Pool from $235.00 to $189.00 and set a "hold" rating on the stock in a research note on Friday, July 24th. Oppenheimer dropped their price target on Pool from $280.00 to $227.00 and set an "outperform" rating for the company in a research report on Friday, July 24th. Weiss Ratings restated a "sell (d+)" rating on shares of Pool in a research report on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft set a $185.00 price objective on Pool in a research note on Friday, July 24th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Pool has an average rating of "Hold" and an average target price of $230.10.

Pool Price Performance

Shares of NASDAQ:POOL opened at $167.96 on Monday. The company has a market cap of $6.10 billion, a P/E ratio of 15.45, a P/E/G ratio of 2.27 and a beta of 1.06. The company has a quick ratio of 0.91, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. Pool Corporation has a 52 week low of $165.37 and a 52 week high of $325.57. The business has a fifty day simple moving average of $189.82 and a 200-day simple moving average of $197.90.

Pool (NASDAQ:POOL - Get Free Report) last released its earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.05. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. Pool had a return on equity of 32.74% and a net margin of 7.40%.The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $5.17 earnings per share. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Equities research analysts forecast that Pool Corporation will post 10.95 EPS for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Thursday, August 13th. Pool's dividend payout ratio (DPR) is 47.84%.

Pool Profile

Pool Corporation, doing business as POOLCORP, is a distributor of swimming pool supplies, equipment and related outdoor-living products. The company serves swimming pool contractors, retailers, service companies and other industry professionals, providing products such as pumps, filters, heaters, chemicals, lighting, cleaners, replacement parts and maintenance supplies.

POOLCORP also distributes products used in the construction and enhancement of outdoor living spaces, including patio and landscape materials, irrigation products, outdoor kitchens and related equipment.

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