Swedbank AB Trims Stock Position in Pool Corporation $POOL

Key Points

• Swedbank AB reduced its shareholding in Pool Corporation by 13.4%, now owning 123,187 shares valued at $39.22 million after selling 19,000 shares in the first quarter.
• Pool Corporation reported quarterly earnings of $5.17 per share, which exceeded analyst expectations, although revenue was slightly below forecasts at $1.78 billion.
• The company declared a quarterly dividend of $1.25 per share, resulting in a 1.5% yield and a payout ratio of 46.13%.

Swedbank AB cut its holdings in Pool Corporation (NASDAQ:POOL - Free Report) by 13.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 123,187 shares of the specialty retailer's stock after selling 19,000 shares during the quarter. Swedbank AB owned about 0.33% of Pool worth $39,217,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of POOL. Whipplewood Advisors LLC increased its stake in Pool by 471.4% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 66 shares during the period. City Holding Co. acquired a new position in shares of Pool during the first quarter worth about $26,000. Sentry Investment Management LLC acquired a new position in shares of Pool during the first quarter worth about $30,000. Versant Capital Management Inc increased its stake in shares of Pool by 790.9% during the first quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer's stock worth $31,000 after acquiring an additional 87 shares during the period. Finally, Brooklyn Investment Group increased its stake in shares of Pool by 53.1% during the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer's stock worth $47,000 after acquiring an additional 51 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Pool Price Performance

POOL stock traded down $1.20 during trading on Monday, reaching $324.78. 400,971 shares of the company were exchanged, compared to its average volume of 464,250. The company has a market cap of $12.12 billion, a P/E ratio of 29.96, a PEG ratio of 4.52 and a beta of 1.08. Pool Corporation has a 52-week low of $282.22 and a 52-week high of $395.60. The stock's 50 day moving average price is $314.02 and its 200 day moving average price is $310.82. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, topping analysts' consensus estimates of $5.12 by $0.05. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. The firm's revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.99 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, analysts predict that Pool Corporation will post 11.32 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 28th. Shareholders of record on Thursday, August 14th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 14th. Pool's dividend payout ratio is 46.13%.

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.