MBB Public Markets I LLC Buys New Shares in Pool Corporation $POOL

Key Points

• MBB Public Markets I LLC has acquired 976 shares of Pool Corporation, valued at approximately $311,000, marking a new investment in the company during the first quarter.
• Pool Corporation reported $5.17 earnings per share for the last quarter, surpassing expectations and indicating a revenue increase of 0.9% year-over-year.
• Recent analyst reports recommend a consensus rating of Hold for Pool Corporation, with price target adjustments ranging from $310.00 to $346.00.

MBB Public Markets I LLC bought a new stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 976 shares of the specialty retailer's stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. AdvisorNet Financial Inc lifted its position in shares of 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 acquiring an additional 34 shares in the last quarter. Second Line Capital LLC lifted its position in shares of Pool by 4.1% in the 4th quarter. Second Line Capital LLC now owns 888 shares of the specialty retailer's stock valued at $303,000 after acquiring an additional 35 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Pool by 0.5% in the 4th 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 in the last quarter. PUREfi Wealth LLC lifted its position in shares of Pool by 5.2% in the 1st quarter. PUREfi Wealth LLC now owns 773 shares of the specialty retailer's stock valued at $246,000 after acquiring an additional 38 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Pool by 20.3% in the 1st quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer's stock valued at $72,000 after acquiring an additional 38 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. 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 research 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. 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 research report on Tuesday, July 8th. Finally, 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 report on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $342.14.

Pool Stock Down 0.8%

Pool stock opened at $319.15 on Thursday. The firm has a market cap of $11.91 billion, a PE ratio of 29.44, a P/E/G ratio of 4.46 and a beta of 1.08. 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's 50 day moving average price is $312.39 and its two-hundred day moving average price is $311.70. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, beating the consensus estimate of $5.12 by $0.05. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. The company's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.99 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, research analysts predict that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

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

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