Amundi Has $42.43 Million Stock Holdings in Pool Corporation $POOL

Amundi cut its stake in Pool Corporation (NASDAQ:POOL - Free Report) by 47.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,191 shares of the specialty retailer's stock after selling 120,454 shares during the period. Amundi owned approximately 0.36% of Pool worth $42,430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in POOL. Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 12,795 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Pool by 2.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer's stock worth $716,422,000 after buying an additional 50,566 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Pool by 3.6% during the 1st quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer's stock worth $409,054,000 after buying an additional 44,897 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Pool by 1.1% during the 1st quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer's stock worth $335,562,000 after buying an additional 11,552 shares in the last quarter. Finally, Mawer Investment Management Ltd. acquired a new position in shares of Pool during the 1st quarter worth $168,735,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on POOL. Wells Fargo & Company boosted their price target on Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Oppenheimer boosted 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. Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Robert W. Baird boosted their price target on Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. 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, Pool presently has an average rating of "Hold" and a consensus price target of $342.14.

Pool Price Performance

POOL traded down $11.75 on Tuesday, reaching $321.87. The stock had a trading volume of 492,164 shares, compared to its average volume of 492,785. Pool Corporation has a fifty-two week low of $282.22 and a fifty-two week high of $395.60. The firm has a 50-day moving average of $312.06 and a 200-day moving average of $311.65. 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 company has a market capitalization of $12.01 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 4.62 and a beta of 1.08.

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, beating the consensus estimate of $5.12 by $0.05. The company had revenue of $1.78 billion during 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 business's quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.99 earnings per share. 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 EPS for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a $1.25 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. Pool's dividend payout ratio is presently 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.