UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 3,406 Shares of Pool Corporation $POOL

Key Points

• UBS AM increased its stake in Pool Corporation by 1.2%, acquiring an additional 3,406 shares to own a total of 284,708 shares, valued at approximately $90.6 million.
• Analysts have adjusted price targets for Pool, with Oppenheimer raising it to $346 and Robert W. Baird to $340, with a consensus target price of $342.14.
• Pool Corporation announced a quarterly dividend of $1.25 per share, reflecting an annualized yield of 1.5%, as well as positive earnings results surpassing analysts' expectations.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,708 shares of the specialty retailer's stock after buying an additional 3,406 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.76% of Pool worth $90,637,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Whipplewood Advisors LLC increased its position in shares of 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 acquiring an additional 66 shares during the last quarter. City Holding Co. bought a new stake in shares of Pool in the 1st quarter valued at about $26,000. Sentry Investment Management LLC bought a new stake in shares of Pool in the 1st quarter valued at about $30,000. Versant Capital Management Inc raised its holdings 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 valued at $31,000 after purchasing an additional 87 shares during the period. Finally, Brooklyn Investment Group raised its holdings in shares of Pool by 53.1% in the 1st quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer's stock valued at $47,000 after purchasing an additional 51 shares during the period. Institutional investors own 98.99% of the company's stock.

Pool Stock Performance

Shares of NASDAQ:POOL traded down $1.20 on Monday, reaching $324.78. 400,971 shares of the company's stock were exchanged, compared to its average volume of 464,250. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $12.12 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 4.52 and a beta of 1.08. The company has a fifty day moving average of $314.02 and a 200-day moving average of $310.82. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.05. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. The firm's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the business posted $4.99 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, 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. Stockholders of record on Thursday, August 14th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. Pool's dividend payout ratio (DPR) is presently 46.13%.

Wall Street Analysts Forecast Growth

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

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.