The Manufacturers Life Insurance Company Acquires New Position in Pool Corporation $POOL

Key Points

• The Manufacturers Life Insurance Company acquired 9,918 Pool shares worth approximately $2.13 million in the second quarter. Institutional investors collectively own 98.99% of POOL’s outstanding stock.
• Pool reported quarterly EPS of $5.38, exceeding estimates of $5.33, while revenue reached $1.82 billion, up 2.2% year over year. The company also pays a quarterly dividend of $1.30, equivalent to a 2.8% annual yield.
• Analyst sentiment remains cautious, with an overall “Hold” rating and an average price target of $233.10; recent targets range from $185 to $210. The stock recently opened at $182.99, near its one-year low of $172.68.

The Manufacturers Life Insurance Company bought a new position in Pool Corporation (NASDAQ:POOL - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 9,918 shares of the specialty retailer's stock, valued at approximately $2,131,000.

Several other large investors also recently bought and sold shares of POOL. Clearstead Advisors LLC raised its holdings in shares of Pool by 100.0% in the fourth quarter. Clearstead Advisors LLC now owns 122 shares of the specialty retailer's stock worth $28,000 after buying an additional 61 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of Pool by 2,660.0% during the second quarter. Elevation Wealth Partners LLC now owns 138 shares of the specialty retailer's stock valued at $30,000 after buying an additional 133 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Pool in the 2nd quarter valued at $30,000. Covestor Ltd increased its position in shares of Pool by 348.4% in the 4th quarter. Covestor Ltd now owns 139 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 108 shares during the period. Finally, CoreCap Advisors LLC raised its stake in Pool by 214.3% in the 2nd quarter. CoreCap Advisors LLC now owns 154 shares of the specialty retailer's stock worth $33,000 after acquiring an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Pool Stock Performance

POOL opened at $182.99 on Thursday. The firm has a fifty day moving average price of $198.76 and a 200 day moving average price of $202.86. Pool Corporation has a 1 year low of $172.68 and a 1 year high of $336.15. The stock has a market cap of $6.65 billion, a P/E ratio of 16.83, a P/E/G ratio of 2.47 and a beta of 1.06. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.67 and a quick ratio of 0.91.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share for the quarter, beating analysts' consensus estimates of $5.33 by $0.05. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.82 billion. Pool had a net margin of 7.40% and a return on equity of 32.74%. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.17 earnings per share. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Equities research analysts anticipate that Pool Corporation will post 10.95 earnings per share for the current 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 2.8%. Pool's dividend payout ratio is presently 47.84%.

Analysts Set New Price Targets

Several analysts have weighed in on POOL shares. DA Davidson initiated coverage on Pool in a research note on Monday, August 24th. They set a "neutral" rating and a $210.00 price target on the stock. Stifel Nicolaus decreased their target price on Pool from $235.00 to $189.00 and set a "hold" rating for the company in a report on Friday, July 24th. Bank of America dropped their target price on Pool from $226.00 to $206.00 and set an "underperform" rating on the stock in a research report on Monday, July 20th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Pool in a report on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft set a $185.00 price target on shares of Pool in a research report on Friday, July 24th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $233.10.

Pool Profile

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation's extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company's product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.

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