US Bancorp DE Sells 1,366 Shares of Pool Corporation $POOL

Key Points

• US Bancorp DE has reduced its holdings in Pool Corporation by 18.3%, selling 1,366 shares and now owning a total of 6,108 shares valued at approximately $1.78 million.
• Pool Corporation reported $5.17 earnings per share for its recent quarter, surpassing expectations, despite a slight revenue miss of nearly $1.78 billion.
• The firm declared a quarterly dividend of $1.25 per share, reflecting an annualized dividend of $5.00 and a yield of 1.7%.

US Bancorp DE reduced its holdings in Pool Corporation (NASDAQ:POOL - Free Report) by 18.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,108 shares of the specialty retailer's stock after selling 1,366 shares during the quarter. US Bancorp DE's holdings in Pool were worth $1,781,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in POOL. GAMMA Investing LLC increased its stake in Pool by 5.7% in the 1st quarter. GAMMA Investing LLC now owns 816 shares of the specialty retailer's stock worth $260,000 after acquiring an additional 44 shares during the last quarter. Fifth Third Bancorp increased its stake in Pool by 6.2% in the 1st quarter. Fifth Third Bancorp now owns 1,583 shares of the specialty retailer's stock worth $504,000 after acquiring an additional 93 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Pool by 15.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 484 shares of the specialty retailer's stock worth $154,000 after acquiring an additional 63 shares during the last quarter. PUREfi Wealth LLC increased its stake in Pool by 5.2% in the 1st quarter. PUREfi Wealth LLC now owns 773 shares of the specialty retailer's stock worth $246,000 after acquiring an additional 38 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Pool by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 4,457 shares of the specialty retailer's stock worth $1,418,000 after acquiring an additional 115 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Pool Trading Down 1.7%

Shares of POOL stock opened at $290.44 on Thursday. The stock has a market capitalization of $10.84 billion, a PE ratio of 26.79, a P/E/G ratio of 3.56 and a beta of 1.11. Pool Corporation has a 1-year low of $282.22 and a 1-year high of $395.60. The business has a 50-day moving average of $313.52 and a 200 day moving average of $307.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87.

Pool (NASDAQ:POOL - Get Free Report) last issued its 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. The company had revenue of $1.78 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted $4.99 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, sell-side analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a $1.25 dividend. The ex-dividend date was Thursday, August 14th. This represents a $5.00 annualized dividend and a yield of 1.7%. Pool's dividend payout ratio (DPR) is 46.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Oppenheimer upped their target price on Pool from $322.00 to $346.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. KeyCorp started coverage on Pool in a report on Tuesday, September 30th. They issued a "sector weight" rating for the company. Wells Fargo & Company upped their price objective on Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Guggenheim started coverage on Pool in a report on Wednesday, October 8th. They issued a "neutral" rating for the company. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Pool in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average 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.

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