Abacus FCF Advisors LLC Purchases 11,620 Shares of Pool Corporation $POOL

Key Points

• Abacus FCF Advisors LLC significantly increased its stake in Pool Corporation by 423.5%, owning 14,364 shares valued at approximately $4.19 million at the end of the last reporting period.
• Analysts have raised their target prices for Pool Corporation, with Oppenheimer increasing it from $322 to $346 and Wells Fargo from $300 to $320, indicating a generally positive outlook.
• Pool Corporation recently reported quarterly earnings of $5.17 per share, exceeding expectations, and has set fiscal year 2025 guidance of $10.70 to $11.20 EPS.

Abacus FCF Advisors LLC grew its holdings in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 423.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,364 shares of the specialty retailer's stock after acquiring an additional 11,620 shares during the period. Abacus FCF Advisors LLC's holdings in Pool were worth $4,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. AdvisorNet Financial Inc grew its position in shares of Pool by 7.8% during the 1st quarter. AdvisorNet Financial Inc now owns 468 shares of the specialty retailer's stock valued at $149,000 after acquiring an additional 34 shares during the period. PUREfi Wealth LLC lifted its stake in shares of Pool by 5.2% during the 1st quarter. PUREfi Wealth LLC now owns 773 shares of the specialty retailer's stock valued at $246,000 after buying an additional 38 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Pool by 20.3% during the 1st quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer's stock valued at $72,000 after buying an additional 38 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Pool by 4.4% during the 1st quarter. First Horizon Advisors Inc. now owns 901 shares of the specialty retailer's stock valued at $287,000 after buying an additional 38 shares in the last quarter. Finally, Cim LLC lifted its stake in shares of Pool by 1.3% during the 1st quarter. Cim LLC now owns 2,993 shares of the specialty retailer's stock valued at $953,000 after buying an additional 38 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

Wall Street Analyst Weigh In

POOL has been the topic of a number of analyst reports. Robert W. Baird lifted their target price on shares of Pool from $310.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Wells Fargo & Company boosted their price target on shares of Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Oppenheimer boosted their price target on shares of Pool from $322.00 to $346.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen upgraded shares of Pool from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Pool has a consensus rating of "Hold" and an average target price of $342.14.

Pool Price Performance

Shares of NASDAQ POOL traded down $1.52 during mid-day trading on Tuesday, hitting $311.12. 203,640 shares of the company's stock traded hands, compared to its average volume of 521,089. The company's 50-day moving average is $315.57 and its two-hundred day moving average is $309.81. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87. The company has a market capitalization of $11.61 billion, a P/E ratio of 28.71, a PEG ratio of 4.41 and a beta of 1.08. Pool Corporation has a 1 year low of $282.22 and a 1 year high of $395.60.

Pool (NASDAQ:POOL - Get Free Report) last announced its earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.05. The firm had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. The business's revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $4.99 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, equities analysts anticipate that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, August 14th. Pool's dividend payout ratio is currently 46.13%.

Pool Company 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.