Blair William & Co. IL Sells 107,711 Shares of Pool Corporation $POOL

Key Points

• Blair William & Co. IL reduced its stake in Pool Corporation by 20.8%, selling 107,711 shares and currently holding approximately 409,738 shares valued at $119.43 million.
• Analysts have set new price targets for Pool, with Oppenheimer increasing theirs from $322 to $346, indicating growing investor confidence and an "outperform" rating.
• Pool Corporation reported a quarterly EPS of $5.17, slightly exceeding estimates, and announced a dividend of $1.25 per share, yielding 1.7%.

Blair William & Co. IL decreased its holdings in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 20.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 409,738 shares of the specialty retailer's stock after selling 107,711 shares during the period. Blair William & Co. IL owned approximately 1.09% of Pool worth $119,430,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. City Holding Co. acquired a new position in Pool during the 1st quarter valued at about $26,000. Brooklyn Investment Group lifted its holdings in shares of Pool by 53.1% in the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer's stock valued at $47,000 after purchasing an additional 51 shares in the last quarter. WPG Advisers LLC bought a new position in shares of Pool in the first quarter valued at approximately $49,000. Geneos Wealth Management Inc. boosted its position in shares of Pool by 164.4% during the first quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer's stock valued at $50,000 after buying an additional 97 shares during the last quarter. Finally, Steph & Co. bought a new stake in Pool during the second quarter worth $49,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

POOL has been the topic of several recent analyst reports. Weiss Ratings restated a "hold (c-)" rating on shares of Pool in a research note on Wednesday. Oppenheimer increased their target price on shares of Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Wall Street Zen upgraded shares of Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. KeyCorp assumed coverage on shares of Pool in a research report on Tuesday, September 30th. They issued a "sector weight" rating for the company. Finally, Robert W. Baird lifted their target price on shares of Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $342.14.

Pool Price Performance

POOL opened at $301.72 on Thursday. The firm has a market cap of $11.26 billion, a P/E ratio of 27.83, a PEG ratio of 4.17 and a beta of 1.11. The firm has a 50-day moving average of $315.21 and a 200 day moving average of $308.25. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52. Pool Corporation has a fifty-two week low of $282.22 and a fifty-two week high of $395.60.

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

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, August 14th. Pool's dividend payout ratio is 46.13%.

About Pool

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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