DoubleLine ETF Adviser LP Makes New Investment in Pool Corporation $POOL

Key Points

• DoubleLine ETF Adviser LP has acquired 861 shares of Pool Corporation, valued at approximately $274,000, marking a new investment in the specialty retailer.
• Pool Corporation reported quarterly earnings of $5.17 per share, beating estimates, and generated $1.78 billion in revenue for the period, showing a year-over-year increase of 0.9%.
• The company announced a quarterly dividend of $1.25 per share, representing an annualized yield of 1.6%, with a payout ratio of 46.13%.

DoubleLine ETF Adviser LP bought a new position in shares of Pool Corporation (NASDAQ:POOL - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 861 shares of the specialty retailer's stock, valued at approximately $274,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Pool by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer's stock valued at $1,418,646,000 after purchasing an additional 12,795 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Pool by 2.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer's stock worth $716,422,000 after purchasing an additional 50,566 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Pool by 3.6% during the 1st quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer's stock worth $409,054,000 after purchasing an additional 44,897 shares in the last quarter. Wellington Management Group LLP increased its holdings in Pool by 1.1% during the 1st quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer's stock worth $335,562,000 after purchasing an additional 11,552 shares in the last quarter. Finally, Mawer Investment Management Ltd. bought a new stake in Pool during the 1st quarter worth approximately $168,735,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on POOL shares. Robert W. Baird boosted their price objective on Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Oppenheimer boosted their price objective on Pool from $322.00 to $346.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Finally, Wells Fargo & Company upped their target price on Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. 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 has an average rating of "Hold" and an average price target of $342.14.

Pool Stock Performance

NASDAQ POOL traded up $17.29 on Friday, hitting $333.09. 988,436 shares of the stock traded hands, compared to its average volume of 478,386. The business's fifty day moving average is $310.87 and its two-hundred day moving average is $311.65. Pool Corporation has a 12 month low of $282.22 and a 12 month high of $395.60. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 4.62 and a beta of 1.08. 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 (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, beating the consensus estimate of $5.12 by $0.05. Pool had a return on equity of 30.99% and a net margin of 7.79%.The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the company earned $4.99 earnings per share. Pool's revenue was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, equities analysts anticipate that Pool Corporation will post 11.32 EPS for the current fiscal 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 1.5%. The ex-dividend date of this dividend was Thursday, August 14th. Pool's dividend payout ratio is 46.13%.

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.