Pool Corporation $POOL Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP has increased its stake in Pool Corporation by 1.1%, owning over 1 million shares valued at approximately $335.6 million.
• Pool Corporation recently reported an earnings per share (EPS) of $5.17, exceeding analyst expectations and showing a year-over-year revenue increase of 0.9%.
• The company declared a quarterly dividend of $1.25, with a resulting annualized yield of 1.5%, set to be paid on August 28th to shareholders of record on August 14th.

Wellington Management Group LLP lifted its position in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,054,066 shares of the specialty retailer's stock after acquiring an additional 11,552 shares during the quarter. Wellington Management Group LLP owned 2.80% of Pool worth $335,562,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in POOL. Vanguard Group Inc. increased its position in Pool by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer's stock worth $1,418,646,000 after purchasing an additional 12,795 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Pool by 3.6% in the first quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer's stock valued at $409,054,000 after buying an additional 44,897 shares in the last quarter. Berkshire Hathaway Inc grew its holdings in Pool by 48.2% during the fourth quarter. Berkshire Hathaway Inc now owns 598,689 shares of the specialty retailer's stock worth $204,117,000 after acquiring an additional 194,632 shares during the period. Mawer Investment Management Ltd. purchased a new position in Pool in the first quarter worth $168,735,000. Finally, American Century Companies Inc. lifted its holdings in Pool by 2.9% in the first quarter. American Century Companies Inc. now owns 483,882 shares of the specialty retailer's stock valued at $154,044,000 after acquiring an additional 13,648 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

Analyst Ratings Changes

POOL has been the topic of several research analyst reports. Wells Fargo & Company upped their price target on shares of Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Robert W. Baird upped their target price on shares of Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Stephens dropped their target price on shares of Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Wall Street Zen upgraded shares of Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Oppenheimer upped their price target on Pool from $322.00 to $346.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $342.14.

Pool Price Performance

Shares of POOL stock traded up $15.10 during trading hours on Friday, hitting $323.73. The company's stock had a trading volume of 736,509 shares, compared to its average volume of 466,832. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93. The business has a fifty day moving average of $306.10 and a 200-day moving average of $313.52. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 4.48 and a beta of 1.07.

Pool (NASDAQ:POOL - Get Free Report) last posted its earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.12 by $0.05. The firm 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%.Pool's revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.99 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, equities research analysts anticipate that Pool Corporation will post 11.32 EPS for the current year.

Pool declared that its board has initiated a share buyback plan on Wednesday, April 30th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, August 14th. Pool's dividend payout ratio (DPR) is currently 46.13%.

Pool Company 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.