Pool Corporation $POOL Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in Pool Corporation by 1.8%, owning 441,930 shares after selling 8,316 shares in the first quarter, valued at approximately $140.7 million.
• Research analysts have adjusted their price targets for Pool Corporation, with Robert W. Baird raising theirs from $310 to $340 and Oppenheimer increasing it from $322 to $346, reflecting a generally positive outlook.
• Pool Corporation recently announced a $600 million stock buyback program, indicating confidence in the company's valuation, alongside declaring a quarterly dividend of $1.25 per share.

Northern Trust Corp decreased its holdings in Pool Corporation (NASDAQ:POOL - Free Report) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 441,930 shares of the specialty retailer's stock after selling 8,316 shares during the quarter. Northern Trust Corp owned approximately 1.18% of Pool worth $140,688,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in POOL. Jump Financial LLC grew its holdings in shares of Pool by 49.3% during the 4th quarter. Jump Financial LLC now owns 1,287 shares of the specialty retailer's stock worth $439,000 after purchasing an additional 425 shares during the period. Marshall Wace LLP grew its holdings in shares of Pool by 106.4% during the 4th quarter. Marshall Wace LLP now owns 11,081 shares of the specialty retailer's stock worth $3,778,000 after purchasing an additional 5,711 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Pool during the 4th quarter worth about $68,000. Dimensional Fund Advisors LP grew its holdings in shares of Pool by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 328,151 shares of the specialty retailer's stock worth $111,878,000 after purchasing an additional 5,454 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Pool during the 4th quarter worth about $183,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Pool Stock Down 0.2%

Shares of POOL traded down $0.65 during trading on Wednesday, reaching $317.74. The company's stock had a trading volume of 194,071 shares, compared to its average volume of 517,472. The company has a fifty day moving average of $307.38 and a two-hundred day moving average of $313.31. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 29.32, a P/E/G ratio of 4.44 and a beta of 1.07. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93.

Pool (NASDAQ:POOL - Get Free Report) last announced 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. Pool had a return on equity of 30.99% and a net margin of 7.79%.The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the company posted $4.99 EPS. Pool's quarterly 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 predict that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be given 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 of this dividend is Thursday, August 14th. Pool's dividend payout ratio is currently 46.13%.

Pool announced that its board has initiated 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 purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts recently commented on POOL shares. Oppenheimer boosted their price target on 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 boosted their price target on Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Wells Fargo & Company boosted 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 analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.