Goldman Sachs Group Inc. Has $99.38 Million Stake in Pool Corporation $POOL

Key Points

• Goldman Sachs Group Inc. reduced its stake in Pool Corporation by 11.0%, selling 38,709 shares and retaining approximately 0.83% ownership valued at $99,381,000.
• Pool Corporation recently announced a quarterly dividend of $1.25 per share, representing a 1.5% yield, with a payout ratio of 46.13%.
• Analysts have set a consensus price target of $342.14 for Pool Corporation, with ratings varying from "buy" to "hold" across several research reports.

Goldman Sachs Group Inc. trimmed its stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 11.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 312,175 shares of the specialty retailer's stock after selling 38,709 shares during the period. Goldman Sachs Group Inc. owned approximately 0.83% of Pool worth $99,381,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Pool by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer's stock worth $1,418,646,000 after buying an additional 12,795 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Pool by 2.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer's stock valued at $716,422,000 after acquiring an additional 50,566 shares during the period. JPMorgan Chase & Co. boosted its holdings in Pool by 3.6% in the first quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer's stock valued at $409,054,000 after acquiring an additional 44,897 shares during the last quarter. Wellington Management Group LLP increased its position in Pool by 1.1% in the first 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 during the period. Finally, Mawer Investment Management Ltd. bought a new stake in Pool during the 1st quarter worth about $168,735,000. Institutional investors and hedge funds own 98.99% of the company's stock.

Pool Trading Down 0.4%

Pool stock traded down $1.20 during mid-day trading on Monday, hitting $324.78. 400,971 shares of the company's stock were exchanged, compared to its average volume of 464,250. The company's 50 day simple moving average is $314.02 and its 200-day simple moving average is $310.82. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $12.12 billion, a P/E ratio of 29.96, a PEG ratio of 4.52 and a beta of 1.08. 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 posted its earnings results 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. The firm had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.79 billion. Pool had a return on equity of 30.99% and a net margin of 7.79%.The company's revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.99 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, equities analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a $1.25 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. Pool's payout ratio is presently 46.13%.

Analyst Upgrades and Downgrades

POOL has been the subject of several analyst reports. Oppenheimer lifted their price target on shares of Pool from $322.00 to $346.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. 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 report on Friday, July 25th. Wall Street Zen upgraded shares of Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Wells Fargo & Company raised their price target on Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a research 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's stock. According to MarketBeat.com, Pool has an average rating of "Hold" and an average price target 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.