Royal Bank of Canada Sells 16,275 Shares of Pool Corporation $POOL

Key Points

• Royal Bank of Canada has reduced its stake in Pool Corporation by 12.4%, retaining 114,902 shares valued at approximately $36.58 million.
• Several hedge funds have adjusted their positions in Pool, with AdvisorNet Financial growing its stake by 7.8% and Blue Trust Inc. increasing theirs by 20.3%.
• Pool Corporation reported earnings of $5.17 per share, exceeding expectations, and recently announced a quarterly dividend of $1.25, yielding 1.5% annually.

Royal Bank of Canada trimmed its stake in Pool Corporation (NASDAQ:POOL - Free Report) by 12.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 114,902 shares of the specialty retailer's stock after selling 16,275 shares during the quarter. Royal Bank of Canada owned approximately 0.31% of Pool worth $36,579,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC grew its holdings in shares of Pool by 471.4% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 66 shares during the last quarter. City Holding Co. acquired a new stake in shares of Pool in the first quarter worth $26,000. Versant Capital Management Inc boosted its position in shares of Pool by 790.9% in the first quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer's stock worth $31,000 after buying an additional 87 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of Pool in the first quarter worth $30,000. Finally, Brooklyn Investment Group boosted its position in shares of Pool by 53.1% in 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. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Price Performance

Shares of POOL traded down $11.75 on Tuesday, hitting $321.87. The company's stock had a trading volume of 492,164 shares, compared to its average volume of 492,785. The company has a market capitalization of $12.01 billion, a PE ratio of 29.69, a PEG ratio of 4.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87. Pool Corporation has a fifty-two week low of $282.22 and a fifty-two week high of $395.60. The company has a 50 day moving average price of $312.06 and a 200 day moving average price of $311.65.

Pool (NASDAQ:POOL - Get Free Report) last announced 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. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $4.99 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, research analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently disclosed 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 1.6%. The ex-dividend date was Thursday, August 14th. Pool's payout ratio is 46.13%.

Analyst Ratings Changes

POOL has been the subject of a number of research reports. Oppenheimer lifted their price objective on Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Robert W. Baird lifted their price objective on Pool from $310.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company lifted their price objective on Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Pool presently has a consensus rating of "Hold" and a consensus price target of $342.14.

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.