DekaBank Deutsche Girozentrale Decreases Position in Pool Corporation $POOL

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in Pool Corporation by 43.6% in Q2, now holding 16,853 shares valued at approximately $4.92 million.
• Recent reports indicate mixed ratings for Pool Corporation shares, with three analysts rating it as a Buy and eight giving it a Hold rating.
• Pool Corporation reported earnings of $3.39 per share for the last quarter, slightly beating estimates, while its revenue showed a year-over-year increase of 1.3%.

DekaBank Deutsche Girozentrale lessened its holdings in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 43.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,853 shares of the specialty retailer's stock after selling 13,040 shares during the period. DekaBank Deutsche Girozentrale's holdings in Pool were worth $4,921,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank lifted its holdings in shares of Pool by 3.1% during the 1st quarter. Amalgamated Bank now owns 8,076 shares of the specialty retailer's stock valued at $2,571,000 after purchasing an additional 246 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Pool by 12.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,954 shares of the specialty retailer's stock worth $1,560,000 after purchasing an additional 559 shares during the period. Virtu Financial LLC purchased a new position in shares of Pool in the 1st quarter valued at about $1,084,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Pool by 17.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,755 shares of the specialty retailer's stock valued at $22,525,000 after purchasing an additional 10,421 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its stake in shares of Pool by 2.1% in the 1st quarter. Stephens Investment Management Group LLC now owns 117,083 shares of the specialty retailer's stock valued at $37,273,000 after purchasing an additional 2,460 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on POOL shares. Wall Street Zen upgraded Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. William Blair reaffirmed a "market perform" rating on shares of Pool in a research report on Wednesday, October 15th. Guggenheim started coverage on shares of Pool in a research report on Wednesday, October 8th. They set a "neutral" rating on the stock. KeyCorp began coverage on Pool in a research report on Tuesday, September 30th. They issued a "sector weight" rating on the stock. Finally, Robert W. Baird set a $345.00 price objective on Pool in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $337.86.

Pool Stock Performance

NASDAQ POOL opened at $293.75 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.57 and a quick ratio of 0.87. Pool Corporation has a 1 year low of $282.22 and a 1 year high of $395.60. The company has a market capitalization of $10.96 billion, a PE ratio of 26.78, a P/E/G ratio of 4.03 and a beta of 1.11. The company has a fifty day moving average of $310.65 and a two-hundred day moving average of $306.38.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.01. Pool had a net margin of 7.77% and a return on equity of 31.40%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm posted $3.26 earnings per share. Pool's revenue for the quarter was up 1.3% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, analysts expect that Pool Corporation will post 11.32 earnings per share for the current 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 paid a dividend of $1.25 per share. The ex-dividend date was Thursday, August 14th. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. Pool's dividend payout ratio is 45.58%.

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.

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