Skylands Capital LLC Makes New $1.19 Million Investment in Pool Corporation $POOL

Key Points

• Skylands Capital initiated a $1.19 million position in Pool Corporation during the third quarter by purchasing 7,325 shares. Institutional investors collectively own approximately 98.99% of the company.
• Pool reported quarterly revenue of $1.82 billion, up 2.2% year over year, and EPS of $5.38, slightly exceeding analyst expectations. The company also maintains an annualized dividend of $5.20 per share, yielding about 3.0%.
• Shares opened at $172.44, well below their 52-week high of $303.69, while analysts’ consensus rating remained “Hold” with an average price target of $226.70; recent firms lowered their targets and one issued an “underperform” rating.

Skylands Capital LLC bought a new stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,325 shares of the specialty retailer's stock, valued at approximately $1,186,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Axxcess Wealth Management LLC purchased a new stake in shares of Pool in the third quarter worth about $219,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Pool in the third quarter valued at about $203,000. Canoe Financial LP acquired a new stake in shares of Pool in the third quarter valued at about $535,000. Nisa Investment Advisors LLC raised its holdings in shares of Pool by 3.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,998 shares of the specialty retailer's stock valued at $2,104,000 after buying an additional 382 shares during the period. Finally, First Bank & Trust raised its holdings in shares of Pool by 7.0% during the 3rd quarter. First Bank & Trust now owns 1,904 shares of the specialty retailer's stock valued at $308,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

Pool Stock Performance

NASDAQ:POOL opened at $172.44 on Thursday. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.67 and a quick ratio of 0.91. The firm has a 50-day moving average of $173.96 and a two-hundred day moving average of $190.83. The stock has a market cap of $6.27 billion, a P/E ratio of 15.86, a PEG ratio of 2.64 and a beta of 1.05. Pool Corporation has a 1-year low of $152.70 and a 1-year high of $303.69.

Pool (NASDAQ:POOL - Get Free Report) last announced its earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.33 by $0.05. Pool had a return on equity of 32.74% and a net margin of 7.40%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company earned $5.17 earnings per share. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, research analysts expect that Pool Corporation will post 10.93 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a $1.30 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $5.20 dividend on an annualized basis and a yield of 3.0%. Pool's dividend payout ratio is currently 47.84%.

Key Headlines Impacting Pool

Here are the key news stories impacting Pool this week:

• Positive Sentiment: A broader recovery in the swimming-pool industry could offer an indirect tailwind for Pool Corporation. An article discussing Pentair highlights expectations for a pool-market recovery and potential 2027 growth, which may improve sentiment toward pool-equipment and distribution companies generally. Pentair: Pool Recovery And Taco Synergies Should Drive 2027 Upside
• Neutral Sentiment: Consumer stories about building or purchasing swimming pools and a local pool hall do not provide meaningful information about Pool Corporation’s sales, margins, or outlook. DIY Swimming Pool Materials
• Neutral Sentiment: The PolyPid announcement concerns an unrelated biotechnology company, while the sugar, cryptocurrency, education, and political articles have no identifiable impact on POOL. PolyPid Announces IDWeek Presentation

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Bank of America reduced their price target on Pool from $226.00 to $206.00 and set an "underperform" rating on the stock in a research report on Monday, July 20th. Wells Fargo & Company lowered their price objective on shares of Pool from $185.00 to $165.00 and set an "equal weight" rating for the company in a research report on Friday, October 16th. Robert W. Baird set a $260.00 price objective on shares of Pool in a research report on Friday, July 24th. DA Davidson began coverage on shares of Pool in a research note on Monday, August 24th. They set a "neutral" rating and a $210.00 price objective on the stock. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Pool in a research report on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $226.70.

Pool Profile

Pool Corporation, doing business as POOLCORP, is a wholesale distributor of swimming pool and outdoor living products. The company supplies pool contractors, retailers, builders, and service professionals with products used to construct, renovate, maintain, and enhance residential and commercial pools.

Its product offerings include swimming pool equipment, pumps, filters, heaters, cleaners, lighting, chemicals, replacement parts, and maintenance supplies. POOLCORP also distributes products for outdoor living, including patio and recreational items, as well as irrigation and landscape-related supplies in selected markets.

Founded in 1993 and headquartered in Covington, Louisiana, POOLCORP serves customers through a network of distribution centers and sales operations in the United States, Canada, Europe, and Australia.

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