Strs Ohio Makes New Investment in Pool Corporation $POOL

Key Points

• Strs Ohio acquired 8,000 shares of Pool Corporation, valued at approximately $2.5 million, in the first quarter of the year.
• Pool Corporation reported earnings of $5.17 per share for the last quarter, exceeding the consensus estimate of $5.12.
• The company recently declared a quarterly dividend of $1.25, translating to an annualized yield of 1.5% with a payout ratio of 46.13%.

Strs Ohio acquired a new stake in Pool Corporation (NASDAQ:POOL - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 8,000 shares of the specialty retailer's stock, valued at approximately $2,547,000.

A number of other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its position 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 purchasing an additional 66 shares during the last quarter. City Holding Co. bought a new position in shares of Pool in the 1st quarter worth $26,000. Sentry Investment Management LLC bought a new position in shares of Pool in the 1st quarter worth $30,000. Versant Capital Management Inc boosted its position in shares of Pool by 790.9% in the 1st quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of Pool by 53.1% in the 1st quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer's stock worth $47,000 after purchasing an additional 51 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Pool Stock Down 2.2%

Shares of NASDAQ:POOL traded down $7.20 during midday trading on Friday, reaching $317.92. The company had a trading volume of 1,985,959 shares, compared to its average volume of 456,218. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. The business's 50 day moving average price is $315.34 and its 200 day moving average price is $310.73. The stock has a market cap of $11.86 billion, a PE ratio of 29.33, a P/E/G ratio of 4.51 and a beta of 1.08. Pool Corporation has a 1-year low of $282.22 and a 1-year high of $395.60.

Pool (NASDAQ:POOL - Get Free Report) last released its earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarterly revenue 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 fiscal year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 14th. Pool's payout ratio is 46.13%.

About Pool

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.