Assenagon Asset Management S.A. Increases Stake in Pool Corporation $POOL

Key Points

• Assenagon Asset Management S.A. increased its stake in Pool Corporation by 464.2% during the second quarter, now owning 10,928 shares valued at approximately $3.19 million.
• Pool Corporation reported a quarterly earnings per share (EPS) of $5.17, surpassing analysts' expectations, while its revenue for the quarter was $1.78 billion.
• The company declared a quarterly dividend of $1.25 on August 28th, marking a 1.6% yield with a payout ratio of 46.13%.

Assenagon Asset Management S.A. raised its holdings in Pool Corporation (NASDAQ:POOL - Free Report) by 464.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,928 shares of the specialty retailer's stock after buying an additional 8,991 shares during the period. Assenagon Asset Management S.A.'s holdings in Pool were worth $3,185,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Mawer Investment Management Ltd. purchased a new stake in Pool during the 1st quarter worth about $168,735,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Pool during the first quarter worth about $144,901,000. GAMMA Investing LLC grew its position in shares of Pool by 33,549.5% during the first quarter. GAMMA Investing LLC now owns 259,774 shares of the specialty retailer's stock worth $82,699,000 after buying an additional 259,002 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Pool by 2.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer's stock worth $716,422,000 after buying an additional 50,566 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Pool by 3.6% in the first quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer's stock valued at $409,054,000 after acquiring an additional 44,897 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Pool Stock Down 0.7%

POOL opened at $310.71 on Thursday. Pool Corporation has a one year low of $282.22 and a one year high of $395.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52. The stock has a market capitalization of $11.60 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 4.34 and a beta of 1.08. The business's 50-day simple moving average is $316.34 and its 200-day simple moving average is $309.84.

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

Pool Announces Dividend

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

Analyst Ratings Changes

Several research firms have commented on POOL. 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 report on Tuesday, July 8th. Robert W. Baird boosted their target price on shares of Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Oppenheimer increased their target price on Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Finally, Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $342.14.

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.

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