Pool Corporation $POOL Shares Purchased by Bridges Investment Management Inc.

Key Points

• Bridges Investment Management Inc. increased its stake in Pool Corporation by 1.7%, owning 72,202 shares worth approximately $21 million after purchasing an additional 1,218 shares in the second quarter.
• Analysts have expressed a generally positive outlook for Pool, with Oppenheimer raising the target price from $322 to $346 and a consensus target price of $342.14, while maintaining a "Hold" rating on the stock.
• Pool Corporation announced a quarterly dividend of $1.25, resulting in an annualized yield of 1.7%, with a payout ratio of 46.13%.

Bridges Investment Management Inc. lifted its stake in Pool Corporation (NASDAQ:POOL - Free Report) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,202 shares of the specialty retailer's stock after purchasing an additional 1,218 shares during the quarter. Bridges Investment Management Inc. owned about 0.19% of Pool worth $21,045,000 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. PUREfi Wealth LLC boosted its holdings in Pool by 5.2% in the first 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. Blue Trust Inc. boosted its holdings in Pool by 20.3% in the first 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. First Horizon Advisors Inc. boosted its holdings in Pool by 4.4% in the first quarter. First Horizon Advisors Inc. now owns 901 shares of the specialty retailer's stock valued at $287,000 after purchasing an additional 38 shares during the period. Cim LLC boosted its holdings in Pool by 1.3% in the first quarter. Cim LLC now owns 2,993 shares of the specialty retailer's stock valued at $953,000 after purchasing an additional 38 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Pool by 5.7% in the first quarter. GAMMA Investing LLC now owns 816 shares of the specialty retailer's stock valued at $260,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on POOL shares. Oppenheimer lifted their target price on Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Wall Street Zen upgraded Pool from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. KeyCorp initiated coverage on Pool in a research report on Tuesday, September 30th. They set a "sector weight" rating on the stock. Wells Fargo & Company lifted their target price on Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Pool in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Pool presently has a consensus rating of "Hold" and a consensus target price of $342.14.

Pool Stock Down 1.7%

POOL opened at $290.44 on Thursday. The stock has a market capitalization of $10.84 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 3.56 and a beta of 1.11. Pool Corporation has a one year low of $282.22 and a one year high of $395.60. The business's 50-day simple moving average is $313.52 and its 200-day simple moving average is $307.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52.

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 (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.05. The firm had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.79 billion. Pool had a return on equity of 30.99% and a net margin of 7.79%.The firm's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.99 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Analysts anticipate that Pool Corporation will post 11.32 EPS for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Thursday, August 14th. Pool's payout ratio is 46.13%.

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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