Comerica Bank Acquires 4,407 Shares of Pool Corporation $POOL

Key Points

• Comerica Bank increased its holdings in Pool Corporation by 17.8% during Q1, owning approximately 29,111 shares valued at $9.27 million.
• Wells Fargo raised its price target for Pool from $300 to $320, reflecting an overall positive sentiment among analysts with a consensus rating of "Hold".
• Pool Corporation recently declared a quarterly dividend of $1.25 per share, representing an annualized yield of 1.6%.

Comerica Bank raised its position in Pool Corporation (NASDAQ:POOL - Free Report) by 17.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,111 shares of the specialty retailer's stock after purchasing an additional 4,407 shares during the quarter. Comerica Bank owned 0.08% of Pool worth $9,268,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Synovus Financial Corp raised its position in Pool by 17.5% in the first quarter. Synovus Financial Corp now owns 8,088 shares of the specialty retailer's stock valued at $2,575,000 after purchasing an additional 1,202 shares during the last quarter. Allstate Corp raised its position in Pool by 6.5% in the first quarter. Allstate Corp now owns 1,194 shares of the specialty retailer's stock valued at $380,000 after purchasing an additional 73 shares during the last quarter. Norinchukin Bank The raised its position in Pool by 15.9% in the first quarter. Norinchukin Bank The now owns 2,075 shares of the specialty retailer's stock valued at $661,000 after purchasing an additional 284 shares during the last quarter. CW Advisors LLC raised its position in Pool by 21.0% in the first quarter. CW Advisors LLC now owns 9,473 shares of the specialty retailer's stock valued at $3,016,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its position in Pool by 49.8% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 3,289 shares of the specialty retailer's stock valued at $1,039,000 after purchasing an additional 1,094 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

POOL has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Oppenheimer raised their price objective 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 raised their price objective on Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, Wall Street Zen upgraded Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $342.14.

Pool Trading Down 1.4%

NASDAQ POOL traded down $4.26 during trading hours on Friday, hitting $310.71. 441,188 shares of the company's stock were exchanged, compared to its average volume of 445,744. The stock has a 50-day simple moving average of $309.08 and a 200 day simple moving average of $312.88. Pool Corporation has a 1-year low of $282.22 and a 1-year high of $395.60. The firm has a market cap of $11.60 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 4.31 and a beta of 1.07. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93.

Pool (NASDAQ:POOL - Get Free Report) last released its earnings results on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter last year, the firm posted $4.99 earnings per share. The firm's 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, equities analysts forecast that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

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

About Pool

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.