Pool Corporation $POOL Shares Bought by Korea Investment CORP

Key Points

• Korea Investment CORP increased its stake in Pool Corporation by 11.3%, owning a total of 19,472 shares worth $6.2 million after acquiring 1,972 additional shares in the first quarter.
• Several institutional investors have significantly increased their stakes in Pool during the same period, with Whipplewood Advisors growing its stake by 471.4%.
• Pool Corporation recently announced a $600 million stock buyback plan and declared a quarterly dividend of $1.25 per share, which reflects a 1.5% yield.

Korea Investment CORP boosted its holdings in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 11.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,472 shares of the specialty retailer's stock after buying an additional 1,972 shares during the quarter. Korea Investment CORP owned approximately 0.05% of Pool worth $6,199,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. AdvisorNet Financial Inc grew its stake in Pool by 7.8% during the 1st quarter. AdvisorNet Financial Inc now owns 468 shares of the specialty retailer's stock valued at $149,000 after purchasing an additional 34 shares during the last quarter. Second Line Capital LLC lifted its holdings in shares of Pool by 4.1% during the fourth quarter. Second Line Capital LLC now owns 888 shares of the specialty retailer's stock worth $303,000 after purchasing an additional 35 shares during the period. Tidal Investments LLC boosted its position in Pool by 0.5% in the fourth quarter. Tidal Investments LLC now owns 6,696 shares of the specialty retailer's stock valued at $2,283,000 after buying an additional 35 shares during the last quarter. PUREfi Wealth LLC boosted its position in Pool by 5.2% in the first quarter. PUREfi Wealth LLC now owns 773 shares of the specialty retailer's stock valued at $246,000 after buying an additional 38 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Pool by 20.3% in the 1st quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer's stock worth $72,000 after buying an additional 38 shares during the period. Institutional investors own 98.99% of the company's stock.

Wall Street Analyst Weigh In

POOL has been the subject of several research reports. Oppenheimer lifted their price objective 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. Wells Fargo & Company boosted their target price on shares of Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. 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 lifted their price objective on Pool from $310.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Finally, Stephens decreased their price objective on Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $342.14.

Pool Price Performance

NASDAQ:POOL traded down $3.05 during trading hours on Tuesday, reaching $318.38. 527,259 shares of the company were exchanged, compared to its average volume of 519,507. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The stock's 50-day moving average is $306.72 and its 200-day moving average is $313.28. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93. The firm has a market cap of $11.88 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 4.48 and a beta of 1.07.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.12 by $0.05. Pool had a return on equity of 30.99% and a net margin of 7.79%.The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the company posted $4.99 earnings per share. 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, sell-side analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, August 14th. Pool's payout ratio is currently 46.13%.

Pool announced that its board has approved a stock buyback plan on Wednesday, April 30th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the specialty retailer to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its shares are undervalued.

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.