VELA Investment Management LLC Takes $3.18 Million Position in Pool Corporation $POOL

Key Points

• VELA Investment Management LLC acquired a new position in Pool Corporation, buying 10,891 shares valued at approximately $3.18 million during the second quarter.
• Pool Corporation's stock recently received upgraded ratings, with target prices increasing from $322 to $346 by Oppenheimer, and currently holds an average rating of "Hold" among analysts.
• The company reported $5.17 EPS for the latest quarter, slightly surpassing estimates, and declared a dividend of $1.25 per share, representing a 1.7% yield.

VELA Investment Management LLC bought a new stake in Pool Corporation (NASDAQ:POOL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,891 shares of the specialty retailer's stock, valued at approximately $3,175,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group lifted its position in shares of Pool by 53.1% in the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer's stock valued at $47,000 after acquiring an additional 51 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of Pool in the first quarter valued at approximately $49,000. Steph & Co. purchased a new position in shares of Pool in the second quarter valued at approximately $49,000. Geneos Wealth Management Inc. lifted its position in shares of Pool by 164.4% in the first quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer's stock valued at $50,000 after acquiring an additional 97 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Pool by 20.3% in the first quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer's stock valued at $72,000 after acquiring an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Analyst Ratings Changes

POOL has been the topic of several research reports. Oppenheimer raised their target price on Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Wall Street Zen upgraded Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Weiss Ratings restated a "hold (c-)" rating on shares of Pool in a report on Wednesday, October 8th. Wells Fargo & Company boosted their target price on Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Finally, William Blair restated a "market perform" rating on shares of Pool in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $342.14.

Pool Stock Down 0.1%

POOL stock opened at $290.17 on Friday. The firm has a market cap of $10.83 billion, a PE ratio of 26.77, a PEG ratio of 3.97 and a beta of 1.11. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52. The firm's 50 day moving average price is $313.15 and its 200-day moving average price is $306.99. Pool Corporation has a one year low of $282.22 and a one year high of $395.60.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, beating the consensus estimate of $5.12 by $0.05. The firm 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 business's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.99 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, equities research analysts anticipate that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, August 14th. Pool's payout ratio is presently 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.

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