Pool Corporation $POOL Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC reduced its stake in Pool Corporation by 20.3% during the first quarter, holding 3,167 shares worth approximately $1.01 million at the end of the period.
• Pool Corporation's board has initiated a stock repurchase plan allowing for the buyback of up to $600 million in shares, indicating a belief that the stock may be undervalued.
• The company recently reported quarterly earnings of $5.17 per share, which surpassed analyst expectations, and set a FY 2025 guidance of 10.700-11.200 EPS.

HighTower Advisors LLC decreased its stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 20.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,167 shares of the specialty retailer's stock after selling 809 shares during the period. HighTower Advisors LLC's holdings in Pool were worth $1,008,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Whipplewood Advisors LLC lifted its position in shares of Pool by 471.4% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 66 shares during the last quarter. City Holding Co. bought a new position in shares of Pool during the first quarter worth about $26,000. Versant Capital Management Inc lifted its holdings in Pool by 790.9% in the first quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer's stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Sentry Investment Management LLC bought a new position in Pool in the first quarter worth about $30,000. Finally, FWL Investment Management LLC bought a new position in Pool in the fourth quarter worth about $39,000. Institutional investors own 98.99% of the company's stock.

Pool Stock Performance

Shares of NASDAQ:POOL traded down $4.26 during trading hours on Friday, hitting $310.71. The stock had a trading volume of 441,188 shares, compared to its average volume of 445,744. Pool Corporation has a 1-year low of $282.22 and a 1-year high of $395.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52. The firm has a market capitalization of $11.60 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 4.31 and a beta of 1.07. The stock's fifty day simple moving average is $309.08 and its 200 day simple moving average is $312.88.

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, 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 business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the business earned $4.99 earnings per share. The business's revenue for the quarter was up .9% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Sell-side analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, August 14th. Pool's dividend payout ratio (DPR) is currently 46.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Oppenheimer raised their target price on shares of Pool from $322.00 to $346.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Wall Street Zen raised shares of Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Robert W. Baird raised 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. Finally, Wells Fargo & Company raised their target price on shares of Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $342.14.

About Pool

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.