Polar Asset Management Partners Inc. Takes $11.13 Million Position in Pool Corporation $POOL

Polar Asset Management Partners Inc. purchased a new stake in Pool Corporation (NASDAQ:POOL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 51,800 shares of the specialty retailer's stock, valued at approximately $11,132,000. Polar Asset Management Partners Inc. owned about 0.14% of Pool at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Pool during the 2nd quarter valued at approximately $866,576,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Pool by 3,831.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,001,987 shares of the specialty retailer's stock valued at $457,955,000 after purchasing an additional 1,951,070 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Pool in the second quarter valued at approximately $148,216,000. Norges Bank purchased a new stake in shares of Pool during the fourth quarter worth approximately $97,612,000. Finally, Wellington Management Group LLP raised its stake in shares of Pool by 16.2% during the third quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer's stock worth $794,825,000 after purchasing an additional 357,643 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Price Performance

Shares of NASDAQ POOL opened at $186.36 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.91 and a current ratio of 2.67. Pool Corporation has a one year low of $172.68 and a one year high of $336.15. The firm has a market capitalization of $6.77 billion, a P/E ratio of 17.14, a PEG ratio of 2.55 and a beta of 1.06. The company's fifty day moving average is $200.23 and its two-hundred day moving average is $206.24.

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

Pool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $5.20 annualized dividend and a dividend yield of 2.8%. Pool's payout ratio is 47.84%.

Pool announced that its board has approved a share buyback 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 usually an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Stephens reaffirmed an "overweight" rating and set a $225.00 price target on shares of Pool in a report on Thursday, August 20th. Bank of America cut their price objective on shares of Pool from $226.00 to $206.00 and set an "underperform" rating for the company in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $185.00 price target on shares of Pool in a research note on Friday, July 24th. Stifel Nicolaus cut their price target on shares of Pool from $235.00 to $189.00 and set a "hold" rating for the company in a report on Friday, July 24th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Pool in a research report on Tuesday, August 11th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $233.10.

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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