Pool Corporation $POOL Holdings Cut by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. reduced its stake in Pool Corporation by 1.9% in Q1, holding 229,529 shares worth $73.07 million after selling 4,535 shares.
• Pool Corporation reported $5.17 earnings per share for the last quarter, surpassing analysts’ estimates, and set its FY 2025 guidance at 10.700-11.200 EPS.
• The company announced a $600 million share buyback program, indicating that its board believes the shares are undervalued, alongside a quarterly dividend of $1.25 per share.

Epoch Investment Partners Inc. trimmed its stake in Pool Corporation (NASDAQ:POOL - Free Report) by 1.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 229,529 shares of the specialty retailer's stock after selling 4,535 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.61% of Pool worth $73,071,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. AdvisorNet Financial Inc raised its holdings in shares of Pool by 7.8% during the first quarter. AdvisorNet Financial Inc now owns 468 shares of the specialty retailer's stock valued at $149,000 after acquiring an additional 34 shares during the period. Second Line Capital LLC raised 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 valued at $303,000 after acquiring an additional 35 shares during the period. Tidal Investments LLC raised its stake in Pool by 0.5% during the 4th quarter. Tidal Investments LLC now owns 6,696 shares of the specialty retailer's stock valued at $2,283,000 after purchasing an additional 35 shares during the period. PUREfi Wealth LLC raised its stake in Pool by 5.2% during the 1st quarter. PUREfi Wealth LLC now owns 773 shares of the specialty retailer's stock valued at $246,000 after purchasing an additional 38 shares during the period. Finally, Blue Trust Inc. raised its stake in Pool by 20.3% during the 1st quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer's stock valued at $72,000 after purchasing an additional 38 shares during the period. Institutional investors own 98.99% of the company's stock.

Pool Price Performance

NASDAQ POOL opened at $321.43 on Tuesday. Pool Corporation has a fifty-two week low of $282.22 and a fifty-two week high of $395.60. The stock's 50-day moving average is $306.72 and its two-hundred day moving average is $313.28. The firm has a market cap of $12.00 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 4.48 and a beta of 1.07. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share 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 business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the business earned $4.99 EPS. The firm's revenue was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool declared that its board has authorized a share buyback program on Wednesday, April 30th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the specialty retailer to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a $1.25 dividend. The ex-dividend date is Thursday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. Pool's dividend payout ratio (DPR) is presently 46.13%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on POOL. Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Wells Fargo & Company raised their price target on shares of Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Robert W. Baird upped their price objective on shares of Pool from $310.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Oppenheimer lifted their target price 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. Finally, Stephens lowered their price target on shares of Pool from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $342.14.

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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