Pool Corporation $POOL Shares Bought by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC increased its stake in Pool Corporation by 13.9%, now owning approximately 1.56% of the company worth $170.9 million.
• Pool Corporation reported Q2 earnings of $5.17 per share, exceeding analysts' expectations, and anticipates FY 2025 EPS guidance of $10.70-$11.20.
• The company declared a quarterly dividend of $1.25 per share, resulting in an annualized dividend of $5.00 and a yield of 1.7%.

William Blair Investment Management LLC grew its stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 13.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 586,310 shares of the specialty retailer's stock after purchasing an additional 71,373 shares during the period. William Blair Investment Management LLC owned approximately 1.56% of Pool worth $170,898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in POOL. Brooklyn Investment Group grew its position in Pool by 53.1% during the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer's stock worth $47,000 after buying an additional 51 shares during the period. WPG Advisers LLC acquired a new stake in shares of Pool in the 1st quarter worth approximately $49,000. Steph & Co. acquired a new stake in shares of Pool in the 2nd quarter worth approximately $49,000. Geneos Wealth Management Inc. increased its stake in Pool by 164.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer's stock valued at $50,000 after purchasing an additional 97 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Pool by 20.3% during the first quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer's stock worth $72,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Pool Stock Up 0.0%

Shares of NASDAQ POOL opened at $290.21 on Friday. The firm's 50 day moving average price is $312.84 and its 200 day moving average price is $306.80. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52. The firm has a market cap of $10.83 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11. Pool Corporation has a 1 year low of $282.22 and a 1 year high of $395.60.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, topping analysts' consensus estimates of $5.12 by $0.05. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. Pool had a return on equity of 30.99% and a net margin of 7.79%.The business's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.99 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, sell-side analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Pool's dividend payout ratio is currently 46.13%.

Wall Street Analyst Weigh In

Several analysts have weighed in on POOL shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Pool in a report on Wednesday, October 8th. William Blair reissued a "market perform" rating on shares of Pool in a research note on Wednesday. Guggenheim initiated coverage on shares of Pool in a research report on Wednesday, October 8th. They set a "neutral" rating for the company. Oppenheimer upped their price target on shares of Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Finally, Robert W. Baird raised their price objective on shares of Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Pool has a consensus rating of "Hold" and a consensus target price of $342.14.

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.

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