Select Equity Group L.P. Buys New Holdings in Pool Corporation $POOL

Key Points

• Select Equity Group L.P. purchased 37,230 shares of Pool Corporation, valued at approximately $11.85 million, during the first quarter, now owning 0.10% of the company.
• Multiple large investors have significantly increased their stakes in Pool Corporation, with Mawer Investment Management Ltd. investing $168.7 million and GAMMA Investing LLC increasing its position by 33,549.5%.
• Pool Corporation's earnings for the latest quarter beat expectations with $5.17 EPS, and it has set its FY 2025 guidance at a range of 10.700-11.200 EPS.

Select Equity Group L.P. acquired a new stake in Pool Corporation (NASDAQ:POOL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 37,230 shares of the specialty retailer's stock, valued at approximately $11,852,000. Select Equity Group L.P. owned approximately 0.10% of Pool at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Focus Partners Wealth increased its stake in Pool by 907.2% in the 4th quarter. Focus Partners Wealth now owns 37,399 shares of the specialty retailer's stock valued at $12,768,000 after purchasing an additional 33,686 shares in the last quarter. Amalgamated Bank increased its stake in Pool by 3.1% in the 1st quarter. Amalgamated Bank now owns 8,076 shares of the specialty retailer's stock valued at $2,571,000 after purchasing an additional 246 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Pool by 12.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,954 shares of the specialty retailer's stock valued at $1,560,000 after purchasing an additional 559 shares in the last quarter. MFG Wealth Management Inc. purchased a new position in Pool in the 1st quarter valued at approximately $921,000. Finally, Virtu Financial LLC purchased a new position in Pool in the 1st quarter valued at approximately $1,084,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on POOL shares. Oppenheimer raised their price objective on Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. Robert W. Baird raised their price target on Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Wells Fargo & Company raised their price target 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, Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Pool presently has an average rating of "Hold" and an average price target of $342.14.

Pool Trading Down 3.5%

Shares of NASDAQ:POOL traded down $11.75 during midday trading on Tuesday, reaching $321.87. The company's stock had a trading volume of 492,164 shares, compared to its average volume of 492,785. The firm has a market cap 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. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. Pool Corporation has a 1 year low of $282.22 and a 1 year high of $395.60. The business 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 quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, beating analysts' consensus estimates of $5.12 by $0.05. The business had revenue of $1.78 billion during 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%.The business's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.99 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Research analysts forecast that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a $1.25 dividend. 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 1.6%. Pool's payout ratio is currently 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.