Assenagon Asset Management S.A. Invests $1.20 Million in Pool Corporation $POOL

Key Points

• Assenagon Asset Management acquired 5,590 Pool shares worth approximately $1.20 million in the second quarter, while institutional investors collectively own 98.99% of the company.
• Analysts have broadly lowered their price targets and earnings estimates; Pool carries a consensus “Hold” rating with an average target price of $235.67.
• Pool exceeded quarterly EPS expectations with $5.38 versus $5.33 forecast and reported 2.2% year-over-year revenue growth. The company also declared a $1.30 quarterly dividend and authorized a $600 million share buyback.

Assenagon Asset Management S.A. acquired a new stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 5,590 shares of the specialty retailer's stock, valued at approximately $1,201,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new position in shares of Pool in the second quarter valued at about $30,000. MUFG Securities EMEA plc bought a new stake in shares of Pool during the second quarter valued at approximately $33,000. Clearstead Advisors LLC lifted its holdings in shares of Pool by 100.0% in the fourth quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer's stock worth $28,000 after buying an additional 61 shares in the last quarter. Private Trust Co. NA grew its stake in Pool by 78.6% during the fourth quarter. Private Trust Co. NA now owns 125 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 55 shares in the last quarter. Finally, Covestor Ltd grew its stake in Pool by 348.4% during the fourth quarter. Covestor Ltd now owns 139 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Stifel Nicolaus cut their price objective on Pool from $235.00 to $189.00 and set a "hold" rating for the company in a research report on Friday, July 24th. Stephens decreased their price objective on Pool from $290.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, July 24th. Wall Street Zen raised shares of Pool from a "sell" rating to a "hold" rating in a report on Monday, April 27th. Bank of America lowered their price objective on shares of Pool from $226.00 to $206.00 and set an "underperform" rating for the company in a research report on Monday, July 20th. Finally, Oppenheimer reduced their target price on shares of Pool from $280.00 to $227.00 and set an "outperform" rating on the stock in a report on Friday, July 24th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $235.67.

Trending Headlines about Pool

Here are the key news stories impacting Pool this week:

• Positive Sentiment: Pool remains valued as a potential value investment within the Leisure and Recreation Products sector. A comparison with YETI may draw attention to POOL’s valuation, although the article does not provide a definitive conclusion favoring either stock. YETI vs. POOL: Which Stock Is the Better Value Option?
• Neutral Sentiment: Zacks Research maintained a Hold rating on POOL. The current full-year consensus estimate remains $10.95 in earnings per share, while its forecasts call for $11.71 EPS in fiscal 2027 and $12.92 EPS in fiscal 2028.
• Negative Sentiment: Zacks cut its EPS estimates across multiple periods: third-quarter 2026 to $3.33 from $3.46, fourth-quarter 2026 to $0.77 from $0.81, and first-quarter 2027 to $1.52 from $1.59.
• Negative Sentiment: The research firm also reduced its second-quarter 2027 estimate to $5.69 from $5.86, second-quarter 2028 to $6.21 from $6.29, fiscal 2027 to $11.71 from $11.94, and fiscal 2028 to $12.92 from $13.02. The broad-based downward revisions likely contributed to investor caution because they imply softer earnings potential than previously expected.

Pool Stock Performance

Shares of NASDAQ:POOL opened at $194.84 on Friday. The firm's 50 day simple moving average is $200.49 and its 200-day simple moving average is $209.96. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.91 and a current ratio of 2.67. Pool Corporation has a one year low of $172.68 and a one year high of $336.15. The firm has a market cap of $7.08 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 2.71 and a beta of 1.06.

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

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, August 13th. Pool's dividend payout ratio is presently 47.84%.

Pool declared that its board has initiated a share buyback plan on Wednesday, April 29th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the specialty retailer to purchase up to 7.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Pool Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source