NewEdge Wealth LLC Acquires Shares of 18,888 Pool Corporation $POOL

Key Points

• NewEdge Wealth acquired 18,888 shares of Pool Corporation in the second quarter, worth approximately $4.06 million; institutional investors and hedge funds collectively own 98.99% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $235.67. Recent firms lowered targets, including Stephens to $225 and Stifel to $189.
• Pool reported quarterly EPS of $5.38, slightly exceeding estimates, while revenue rose 2.2% year over year to $1.82 billion. The company also announced a $1.30 quarterly dividend and a $600 million share-repurchase authorization.

NewEdge Wealth LLC acquired a new stake in Pool Corporation (NASDAQ:POOL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,888 shares of the specialty retailer's stock, valued at approximately $4,059,000. NewEdge Wealth LLC owned about 0.05% of Pool as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Clearstead Advisors LLC lifted its holdings in Pool by 100.0% during the 4th quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer's stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Pool by 78.6% during the 4th quarter. Private Trust Co. NA now owns 125 shares of the specialty retailer's stock worth $29,000 after buying an additional 55 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of Pool by 2,660.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer's stock worth $30,000 after buying an additional 133 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Pool in the 2nd quarter valued at about $30,000. Finally, Covestor Ltd grew its stake in Pool by 348.4% in the 4th quarter. Covestor Ltd now owns 139 shares of the specialty retailer's stock valued at $32,000 after buying an additional 108 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Zacks Research raised shares of Pool from a "strong sell" rating to a "hold" rating in a report on Monday, April 27th. Weiss Ratings restated a "sell (d+)" rating on shares of Pool in a report on Tuesday, August 11th. Stephens decreased their target price on Pool from $290.00 to $225.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Wall Street Zen upgraded Pool from a "sell" rating to a "hold" rating in a research note on Monday, April 27th. Finally, Stifel Nicolaus dropped their price target on Pool from $235.00 to $189.00 and set a "hold" rating for the company in a report on Friday, July 24th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $235.67.

Pool Stock Up 4.5%

Shares of POOL opened at $195.99 on Thursday. Pool Corporation has a 12 month low of $172.68 and a 12 month high of $336.15. The firm's 50 day moving average is $200.70 and its 200-day moving average is $208.13. The stock has a market capitalization of $7.12 billion, a PE ratio of 18.03, a P/E/G ratio of 2.54 and a beta of 1.06. The company has a current ratio of 2.67, a quick ratio of 0.91 and a debt-to-equity ratio of 1.05.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.05. Pool had a return on equity of 32.74% and a net margin of 7.40%.The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the previous year, the company posted $5.17 earnings per share. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Equities research analysts forecast that Pool Corporation will post 10.94 EPS for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, August 13th. Pool's dividend payout ratio is 47.84%.

Pool announced that its Board of Directors has initiated a share repurchase program on Wednesday, April 29th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the specialty retailer to purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

About Pool

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation's extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company's product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.

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