California State Teachers Retirement System Has $8.21 Million Stock Position in Pool Corporation $POOL

California State Teachers Retirement System cut its holdings in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,181 shares of the specialty retailer's stock after selling 856 shares during the period. California State Teachers Retirement System owned about 0.11% of Pool worth $8,205,097 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Pool during the second quarter valued at about $866,576,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Pool by 3,831.9% during 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 buying an additional 1,951,070 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Pool in the second quarter valued at about $148,216,000. Southpoint Capital Advisors LP raised its holdings in shares of Pool by 66.7% in the 1st quarter. Southpoint Capital Advisors LP now owns 500,000 shares of the specialty retailer's stock valued at $101,165,000 after buying an additional 200,000 shares during the period. Finally, Norges Bank purchased a new position in Pool in the fourth quarter valued at approximately $97,612,000. Institutional investors own 98.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stephens reaffirmed an "overweight" rating and set a $225.00 price target on shares of Pool in a research report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $185.00 price objective on Pool in a research report on Friday, July 24th. Stifel Nicolaus cut their price objective on Pool from $235.00 to $189.00 and set a "hold" rating for the company in a research report on Friday, July 24th. DA Davidson started coverage on Pool in a report on Monday, August 24th. They issued a "neutral" rating and a $210.00 price objective for the company. Finally, Robert W. Baird set a $260.00 price target on shares of Pool in a research report on Friday, July 24th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $230.10.

Pool Price Performance

POOL traded down $5.01 during trading on Tuesday, reaching $166.75. The company's stock had a trading volume of 490,170 shares, compared to its average volume of 857,400. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 2.34 and a beta of 1.06. The company has a quick ratio of 0.91, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. The firm has a fifty day simple moving average of $193.06 and a two-hundred day simple moving average of $199.43. Pool Corporation has a 1 year low of $166.46 and a 1 year high of $336.15.

Pool (NASDAQ:POOL - Get Free Report) last issued its earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 EPS for the quarter, topping the consensus estimate of $5.33 by $0.05. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.82 billion. Pool had a net margin of 7.40% and a return on equity of 32.74%. The business's revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $5.17 EPS. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. As a group, analysts anticipate that Pool Corporation will post 10.95 EPS for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, August 13th. Pool's payout ratio is currently 47.84%.

Pool Company Profile

Pool Corporation, doing business as POOLCORP, is a distributor of swimming pool supplies, equipment and related outdoor-living products. The company serves swimming pool contractors, retailers, service companies and other industry professionals, providing products such as pumps, filters, heaters, chemicals, lighting, cleaners, replacement parts and maintenance supplies.

POOLCORP also distributes products used in the construction and enhancement of outdoor living spaces, including patio and landscape materials, irrigation products, outdoor kitchens and related equipment.

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