Stephens Investment Management Group LLC Sells 5,234 Shares of Pool Corporation $POOL

Key Points

• Stephens Investment Management Group LLC reduced its stake in Pool Corporation by 4.5% to 111,849 shares after selling 5,234 shares, representing about 0.30% of the company valued at $32.6 million.
• Pool Corporation reported earnings per share of $5.17 for the last quarter, surpassing estimates and showing a revenue increase of 0.9% from the previous year.
• The company has announced a quarterly dividend of $1.25, contributing to an annualized dividend yield of 1.7% and a payout ratio of 46.13%.

Stephens Investment Management Group LLC cut its holdings in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,849 shares of the specialty retailer's stock after selling 5,234 shares during the period. Stephens Investment Management Group LLC owned about 0.30% of Pool worth $32,602,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Pool by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer's stock valued at $1,418,646,000 after acquiring an additional 12,795 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Pool by 2.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer's stock valued at $716,422,000 after acquiring an additional 50,566 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Pool by 3.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer's stock valued at $409,054,000 after acquiring an additional 44,897 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Pool by 1.1% in the 1st quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer's stock valued at $335,562,000 after acquiring an additional 11,552 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in shares of Pool by 13.9% in the 2nd quarter. William Blair Investment Management LLC now owns 586,310 shares of the specialty retailer's stock valued at $170,898,000 after acquiring an additional 71,373 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Performance

Shares of POOL opened at $302.63 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87. The stock has a 50-day moving average of $312.39 and a 200-day moving average of $306.45. The company has a market cap of $11.29 billion, a PE ratio of 27.92, a P/E/G ratio of 4.02 and a beta of 1.11. Pool Corporation has a one year low of $282.22 and a one year high of $395.60.

Pool (NASDAQ:POOL - Get Free Report) last announced 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. Pool had a net margin of 7.79% and a return on equity of 30.99%. The business had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter last year, the firm earned $4.99 EPS. The firm's revenue for the quarter was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, equities research analysts predict that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors 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 annualized dividend and a yield of 1.7%. Pool's dividend payout ratio (DPR) is presently 46.13%.

Analyst Ratings Changes

A number of brokerages have recently commented on POOL. Wall Street Zen upgraded Pool from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. William Blair restated a "market perform" rating on shares of Pool in a report on Wednesday, October 15th. KeyCorp started coverage on Pool in a report on Tuesday, September 30th. They issued a "sector weight" rating for the company. Robert W. Baird increased their price objective on Pool from $310.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, Guggenheim started coverage on Pool in a report on Wednesday, October 8th. They issued a "neutral" rating for the company. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average 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.

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