Financiere des Professionnels Fonds d investissement inc. Purchases 4,036 Shares of Pool Corporation $POOL

Key Points

• Financiere des Professionnels Fonds d investissement inc. increased its stake in Pool Corporation by 36.5%, acquiring an additional 4,036 shares, bringing its total holdings to 15,080 shares valued at approximately $4.4 million.
• Pool Corporation reported $5.17 EPS for the most recent quarter, surpassing expectations, with revenue reaching $1.78 billion, showing a slight year-over-year increase.
• The company recently announced a quarterly dividend of $1.25 per share, representing a 1.5% dividend yield with a payout ratio of 46.13%.

Financiere des Professionnels Fonds d investissement inc. grew its holdings in Pool Corporation (NASDAQ:POOL - Free Report) by 36.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,080 shares of the specialty retailer's stock after purchasing an additional 4,036 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Pool were worth $4,396,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of POOL. AdvisorNet Financial Inc grew its stake in Pool by 7.8% in the 1st quarter. AdvisorNet Financial Inc now owns 468 shares of the specialty retailer's stock valued at $149,000 after buying an additional 34 shares during the last quarter. Tidal Investments LLC boosted its holdings in Pool by 0.5% during the fourth quarter. Tidal Investments LLC now owns 6,696 shares of the specialty retailer's stock valued at $2,283,000 after acquiring an additional 35 shares during the period. PUREfi Wealth LLC boosted its holdings in Pool by 5.2% during the first quarter. PUREfi Wealth LLC now owns 773 shares of the specialty retailer's stock valued at $246,000 after acquiring an additional 38 shares during the period. Blue Trust Inc. boosted its holdings in Pool by 20.3% during the first quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer's stock valued at $72,000 after acquiring an additional 38 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in Pool by 4.4% during the first quarter. First Horizon Advisors Inc. now owns 901 shares of the specialty retailer's stock valued at $287,000 after acquiring an additional 38 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

POOL has been the subject of a number of recent analyst reports. Robert W. Baird upped their price target on shares of Pool from $310.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Oppenheimer upped their price target 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. Finally, Wells Fargo & Company upped their price target on shares of Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Two equities 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, Pool has an average rating of "Hold" and an average target price of $342.14.

Pool Stock Performance

NASDAQ:POOL traded up $1.79 during trading hours on Thursday, hitting $325.12. 455,894 shares of the company traded hands, compared to its average volume of 459,014. The stock has a market capitalization of $12.13 billion, a price-to-earnings ratio of 29.99, a P/E/G ratio of 4.48 and a beta of 1.08. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The firm has a 50-day moving average of $315.11 and a 200 day moving average of $310.89. 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 announced its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.79 billion. During the same quarter in the prior year, the company posted $4.99 EPS. The business's revenue was up .9% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, analysts forecast that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a $1.25 dividend. The ex-dividend date was Thursday, August 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.5%. Pool's dividend payout ratio is currently 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.