Eventide Asset Management LLC Acquires 801 Shares of Pool Corporation $POOL

Key Points

• Eventide Asset Management LLC increased its stake in Pool Corporation by 2.1%, acquiring an additional 801 shares, bringing its total ownership to approximately $12.4 million.
• Pool Corporation recently reported $5.17 earnings per share for the quarter, exceeding expectations, along with a 0.9% revenue increase year-over-year.
• The company has declared a quarterly dividend of $1.25 per share, reflecting a dividend yield of 1.6% and a payout ratio of 46.13%.

Eventide Asset Management LLC grew its stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,919 shares of the specialty retailer's stock after buying an additional 801 shares during the period. Eventide Asset Management LLC owned 0.10% of Pool worth $12,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of POOL. Focus Partners Wealth lifted its stake in Pool by 907.2% in the 4th quarter. Focus Partners Wealth now owns 37,399 shares of the specialty retailer's stock worth $12,768,000 after purchasing an additional 33,686 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Pool by 3.1% in the first quarter. Amalgamated Bank now owns 8,076 shares of the specialty retailer's stock worth $2,571,000 after purchasing an additional 246 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Pool by 12.7% in the first 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 last quarter. MFG Wealth Management Inc. purchased a new stake in shares of Pool in the first quarter worth about $921,000. Finally, Virtu Financial LLC bought a new position in Pool during the first quarter valued at approximately $1,084,000. Institutional investors own 98.99% of the company's stock.

Pool Trading Down 3.5%

Shares of NASDAQ POOL traded down $11.75 during trading hours on Tuesday, hitting $321.87. 492,154 shares of the company traded hands, compared to its average volume of 518,513. The company's 50 day moving average price is $311.71 and its 200 day moving average price is $311.58. Pool Corporation has a 12 month low of $282.22 and a 12 month high of $395.60. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 4.62 and a beta of 1.08. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93.

Pool (NASDAQ:POOL - Get Free Report) last posted 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. Pool had a net margin of 7.79% and a return on equity of 30.99%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the firm earned $4.99 earnings per share. Pool's quarterly revenue was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, equities research analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors 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 1.6%. The ex-dividend date was Thursday, August 14th. Pool's dividend payout ratio is presently 46.13%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on POOL shares. Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. 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 research report on Tuesday, July 8th. Oppenheimer upped their price target on shares of Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. Finally, Robert W. Baird lifted their price objective 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. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $342.14.

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.